Category: Deal News

Quantum Capital Group has reached an agreement to purchase Caerus Oil and Gas, valuing the Rocky Mountain energy company at $1.8bn.

Coral Energy has bought out the company after acquiring the remaining 40% stake from the founder, reported Reuters, citing sources. 

Petro-Victory Energy has signed option agreement with Azevedo Travassos Petroleo (ATP) for the development of oil concessions in Brazil’s Potiguar Basin.

Global Infrastructure Partners (GIP) and Italy’s Snam are considering the sale of their respective stakes in Abu Dhabi National Oil Company’s (Adnoc) gas pipeline unit, reported Bloomberg News.

Kinetik has concluded the acquisition of Durango Permian, marking a significant expansion in the Northern Delaware Basin in the US.

Polish refiner Orlen Group has agreed to acquire a 20% stake in the Atlantis field on Norwegian Continental Shelf from Source Energy.

Mitsui & Co, through its subsidiary Mitsui E&P USA (MEPUSA), has acquired unconventional gas asset in the US state of Texas from Sabana LLC and Vanna LLC.

UK oil company bp has reached an agreement to purchase Bunge’s 50% interest in the bp Bunge Bioenergia joint venture (JV).

The arbitration process critical to the $53bn acquisition of Hess by Chevron has been delayed, reported Reuters, citing sources.   

Energean has agreed to divest its oil and gas assets located in Egypt, Italy and Croatia to an entity controlled by Carlyle International Energy Partners.