Oil and Gas
Abu Dhabi National Oil Acquires 24.9% Stake in OMV AG
ADNOC acquired Mubadala Investment's 24.9% stake in Austrian energy major OMV AG. Financial details were not disclosed.
Exploration & Production
39 articles
Oil and Gas
Harbour Energy Acquires Wintershall Dea's Upstream Asset Portfolio
Harbour Energy announced the acquisition of the Wintershall Dea asset portfolio, comprising substantially all of Wintershall Dea AG's upstream assets.
Oil and Gas
Ithaca Energy Acquires JAPEX UK E&P
Ithaca Energy plc completed the acquisition of JAPEX UK E&P Limited from Japan Petroleum Exploration Co., Ltd. (JAPEX) for approximately $193 million in cash. The deal added non-operated interests in the Seagull and other UK North Sea fields, complementing Ithaca's existing UKCS portfolio.
Oil and Gas
Aker BP ASA Acquires Lundin Energy's Oil & Gas Business
Aker BP ASA completed its combination with Lundin Energy's oil and gas business in a cash-and-share transaction valued at approximately $13.9 billion, creating one of the largest publicly listed pure-play E&P companies in Europe. Under the deal, Lundin shareholders received $2.22 billion in cash plus 271 million Aker BP shares.
Oil and Gas
Vermilion Energy Acquires Westbrick Energy Ltd.
Vermilion Energy Inc. completed the acquisition of privately-held Westbrick Energy Ltd. for about C$1.08 billion. The acquired assets are located in the Deep Basin of west-central Alberta and include over 700,000 net acres, with current production of approximately 50,000 boe per day (60% liquids).
Oil and Gas
TotalEnergies SE Acquires SapuraOMV Upstream
TotalEnergies SE acquired the interests of OMV(50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream, an independent gas producer in Malaisia. The deal is valued at $903 million. SapuraOMV's main assets are its 40% operated interest in block SK408 and 30% operated interest in block SK310, both located offshore Sarawak in Malaysia.
Oil and Gas
DNO ASA Acquires Sval Energi Group AS
DNO ASA, the Norwegian oil and gas operator, acquired 100 percent of the shares of Sval Energi Group AS from HitecVision for a cash consideration of $450 million based on an enterprise value of $1.6 billion.
Oil and Gas
Woodside Energy Acquires BHP Petroleum
Woodside Energy completed its all-stock merger with BHP's petroleum business in June 2022 to create one of the world's top 10 independent E&P companies by production. The combined entity was valued at approximately $28 billion and produces approximately 200 mmboe annually.
Natural Gas & NGL
QatarEnergy Acquires Stakes in Exploration Blocks Offshore Uruguay
QatarEnergy acquired participating interests in three exploration blocks offshore the Oriental Republic of Uruguay from BG International Limited, a subsidiary of Shell. Under the agreements, QatarEnergy acquired an 18% interest in block OFF-4, while Shell held 32%, and APA (the operator) retained the remaining 50%. QatarEnergy also acquired a 30% interest in block OFF-2, which […]
Oil and Gas
Northern Oil and Gas Acquires MPDC Permian Assets
Northern Oil and Gas acquired MPDC Mascot Project's Permian Basin non-operated working interests for $320 million in 2023. The deal added approximately 4,300 boe/d of production and 4,200 net acres concentrated in the Midland Basin. Citigroup Global Markets served as NOG’s financial advisor. Kirkland & Ellis LLP is serving as the Company’s legal advisor. Petrie […]