Petrobras and Brazil agree on rules for sale from two offshore fields
The board of Petrobras has approved an agreement with the Brazilian Government for the potential sale of excess reserves from…
12 Apr 2021
Saudi Aramco to sell $12.4bn worth stake in pipelines unit to EIG
Saudi Aramco has agreed to sell a 49% stake in its newly formed crude oil pipeline entity to EIG Global Energy Partners-led consortium of investors for approximately $12.4bn. In this…
07 Apr 2021
Oil & Gas industry M&A deals total $11.14bn in US in February 2021
Total oil & gas industry M&A deals worth $11.14bn were announced in the US in February 2021, with Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners being the sector's biggest…
07 Apr 2021
Petrobras to acquire BP’s stakes in six blocks offshore Brazil
Petrobras has agreed to acquire BP Energy do Brasil’s (BP) stakes in six blocks located in ultra-deepwater in northern Brazil. Under the agreement, BP will transfer its entire 30% stake…
06 Apr 2021
Malaysia and Brunei sign deal to develop two offshore oil fields
The governments of Malaysia and Brunei Darussalam have formalised a unitisation agreement (UA) to develop two oil fields in their maritime boundary. The deal will see the joint development of…
01 Apr 2021
KrisEnergy farms out Block 115/09 offshore Vietnam
KrisEnergy, through its Vietnamese subsidiary, has divested its 100% interest in the exploration block 115/09 located offshore Vietnam to an undisclosed international oil and gas company. The financial terms of…
31 Mar 2021
Oil & Gas industry M&A deals total $16.35bn in North America in February 2021
Total oil & gas industry M&A deals worth $16.35bn were announced in North America in February 2021, led by Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners, according to GlobalData’s…