All articles by Vijay Madhukar Singavarapu
Vijay Madhukar Singavarapu
Deals this week: Lundin Norway, Vryhof, BP
Lundin Norway has entered an agreement with Lime Petroleum for the acquisition of Utsira High acreage position in the North Sea.
Deals this week: Woodside, L&T Hydrocarbon, Eni
Woodside has awarded four front-end engineering and design (FEED) contracts for the proposed 7.3Tcf Scarborough gas development project in Western Australia.
Deals and M&As this week: Elbit Systems, Sapura Drilling, Aibel
Elbit Systems has secured a $15m contract from Energean Israel for the Karish-Tanin offshore development project in Israel.
M&As this week: Faroe Petroleum, Hague and London Oil, Ophir Energy
Faroe Petroleum has announced that DNO has failed to receive acceptance for an offer to purchase 13.1% or 48 million shares of the former at a cost of 152p per share in cash.
Deals this week: Energean, Transocean, Shell
Energean Oil and Gas has signed a 19-year gas sales and purchase agreement with I.P.M. Beer Tuvia (IPM) for the supply of 5.5 billion cubic metres (bcm) of gas from its Karish and Tanin FPSO located offshore Israel.
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Deals this week: Sonangol, Pemex, Chrysaor
Sonangol and BP have agreed to collaborate on the development of the Platina field in Block 18 offshore Angola, South Africa.
Deals this week: Faroe Petroleum, Mubadala, Qatar Petroleum
Faroe Petroleum has signed an agreement with Equinor for the exchange of their oil and gas assets in the Norwegian Sea and the North Sea in the Norwegian Continental Shelf (NCS).
Deals and M&As this week: EnQuest, Norske Shell, Exxon Mobil
EnQuest has secured full ownership of the Magnus oil field in the North Sea, UK, by acquiring the remaining 75% stake from BP for $300m.
Deals and M&As this week: McDermott, CNPC, Eni
McDermott International has been awarded a supply and installation contract by Shell for its Great White Frio development project.
Deals and M&As this week: Sacgasco, Ineos, Shearwater
Sacgasco has obtained an option to acquire a 100% interest in RL Energy, which provides the former with an option to purchase a 60% working interest in the Petroleum Exploration Permit PEP11 located in the Sydney Basin offshore Australia.