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.

March 3, 2021

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.

March 2, 2021

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.

February 25, 2021

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.

February 25, 2021

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.

February 24, 2021

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.

February 24, 2021

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.

February 24, 2021

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.

February 23, 2021

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.

February 19, 2021

Renewables

Equinor, Engie Partner to Produce Blue Hydrogen from Gas

Hydrogen produced without CO2 emissions could help reduce emissions from energy-intensive industries.

February 18, 2021