Deal News
Sinochem negotiating sale of 40% stake in Brazil’s Peregrino oil fieldÂ
Sinochem is in discussions to divest its 40% stake in the Peregrino oil and gas field located off the coast of Brazil, reported Bloomberg. Â
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Deal News
Macquarie Asset Management to acquire remaining 20% of UK’s National GasÂ
Macquarie Asset Management has exercised its option to acquire the remaining 20% equity interest in National Gas from National Grid.
Deal News
Petrobras bids for stake in Galp’s Namibian offshore oil discoveryÂ
Petrobras has made a non-binding offer for a share of Galp Energia’s newly discovered offshore oil field in Namibia, reported Reuters.Â
Deal News
Vital Energy, NOG to acquire Point Energy’s shale assets for $1.1bnÂ
Vital Energy, in a partnership with NOG, has announced the acquisition of Point Energy Partners’ shale assets in a deal valued at $1.1bn. Â
Industry News
UK and US accused of ‘hypocrisy’ over climate pledges
The World’s richest nations – including the UK and US – were obliged to lead the energy transition away from fossil fuels.
Deal News
Helmerich & Payne to acquire KCA Deutag in $1.97bn deal Â
Helmerich & Payne (H&P) has signed a definitive agreement to acquire KCA Deutag in an all-cash deal valued at $1.97bn.Â
Industry News
Eni speeds up share buyback, reveals $1.62bn Q2 2024 net profit Â
Energy giant Eni recorded an adjusted earnings before interest and taxes of €4.1bn ($4.45bn) in the second quarter of 2024..
Deal News
Citi and Evercore lead M&A financial advisers list for oil and gas sector in H1 2024Â
Citi and Evercore have emerged at the top financial advisers in the oil and gas sector for mergers and acquisitions (M&A) in H1 2024.
Company News
GA Drilling partners Petrobras to enhance drilling efficiency Â
Slovakian drilling technology company GA Drilling has forged a partnership with Petrobras to improve efficiency in deep drilling processes. Â