Europe
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of March 3, 2021
Here’s a snapshot of recent energy deals including Permian Basin acquisitions by U.S. Energy Development comprising interests in oil development projects in the Delaware Basin.
Business , Drilling , Subsea , Mergers , Joint Ventures
Baker Hughes to Merge Offshore Drilling Business in JV Transaction
Forming a joint venture, the merger of Baker Hughes Subsea Drilling Systems with Akastor’s MHWirth AS maintains dual headquarters in Houston in the U.S. and the southern Norwegian town of Kristiansand.
Exploration & Production , Lease Sales
Norway Offers 84 Exploration Blocks in 2021 Licensing Round
The so-called predefined areas (APA) licensing rounds were introduced in 2003 to facilitate exploration in the most geologically known parts of the Norwegian continental shelf.
Renewables
INEOS, Engie Partner on Hydrogen Pilot Project
The aim of the pilot project is to replace natural gas with hydrogen used by the INEOS gas turbine.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Feb. 24, 2021
Here’s a snapshot of recent energy deals including a series of transactions in the Duvernay Shale as both Shell and Ovintiv exit the play plus Continental Resources reveals itself as the buyer of Samson Resources’ Powder River Basin position.
Business , Exploration & Production , Acquisitions & Divestitures
Exxon Mobil Sells UK North Sea Assets in Deal Worth over $1 Billion
The sale of U.K. North Sea upstream assets on Feb. 24 helps the U.S. oil major free up capital for projects elsewhere, says Exxon Mobil Vice President Neil Chapman.
Exploration & Production
Black Sea Oil & Gas to Begin Romania Offshore Gas Extraction in November
Critics warn Romania’s window to tap its offshore reserves—which could diversify gas supplies in the region and help Romania phase out coal in line with EU targets—is narrowing.
Business , Renewables , Acquisitions & Divestitures
Total Sells Stakes in $600 Million Renewable Energy Portfolios
The farm-down transactions give 100% of Total’s two portfolios of renewable energy projects an enterprise value of $600 million, according to the company’s release.
International , Infrastructure , Construction , Pipelines
US Report on Nord Stream 2 will Reveal Companies Supporting Project
Sanctions are possible but may take time and depend on White House negotiations with allies and Capitol Hill.
Renewables
Equinor, Engie Partner to Produce Blue Hydrogen from Gas
Hydrogen produced without CO2 emissions could help reduce emissions from energy-intensive industries.