LONDON: Sunda Energy Plc (AIM: SNDA) said on Wednesday it has agreed to acquire Matahio Energy NZ Limited from Singapore-based Matahio Ventures Pte. Ltd., in a deal that will give the AIM-quoted explorer full ownership of a portfolio of producing and exploration permits in New Zealand’s Taranaki Basin. The acquisition, effective from Jan. 1, 2026,…
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Pennpetro signs heads of terms to acquire Ukrainian oil and gas licence
LONDON: Pennpetro Energy Plc (LSE: PPP), a UK-based energy company focused on strategic energy projects, announced Wednesday it has signed Heads of Terms to acquire 100% of the Limnytskyi oil and gas exploration licence in western Ukraine. The acquisition will be made through a newly incorporated Polish holding company. The Limnytskyi licence spans 172 square…
BP announces major oil and gas discovery at Bumerangue Prospect offshore Brazil
bp announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil LONDON: bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometres (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 metres. The well was drilled to a total depth of 5,855 metres. The…
Diversified Energy, Carlyle announce $2 billion partnership for U.S. oil and gas assets
LONDON: Diversified Energy Company (LSE: DEC; NYSE: DEC) and global investment firm Carlyle (NASDAQ: CG) announced Tuesday a strategic partnership to invest up to $2 billion in existing U.S. natural gas and oil assets. The collaboration will combine Carlyle’s asset-backed finance expertise with Diversified’s operational experience in acquiring and managing long-life energy assets. Under the…
Pakistan’s oil and gas sector: increased exploration and government support
ISLAMABAD: Pakistan’s oil and gas sector is poised for growth as the government accelerates exploration efforts, improves liquidity, and addresses long-standing challenges in the energy sector, according to a report issued by AKD Securities. Recent developments, including the allocation of new exploration blocks and rationalized gas prices, are expected to revive exploration and production (E&P) activities,…
SeaBird Exploration and Energy Drilling announce merger to form leading offshore oil and gas services provider
OSLO: SeaBird Exploration Plc, a leading provider of marine seismic acquisition services, announced today that it has signed a letter of intent to merge with Energy Drilling Pte Ltd, a premier tender-assisted drilling provider, in a share-for-share acquisition. The combined company will be a diversified offshore oil and gas services provider with strong cash flows…
Technip Energies to develop oil and gas condensate field Karachaganak in Kazakhstan
PARIS: Technip Energies (PARIS:TE), through its joint-venture TKJV LLP with KPSP, announced the signing of a long-term services frame agreement with Karachaganak Petroleum Operating B.V. (KPO) for the development of the Karachaganak Field, located in northwest Kazakhstan near Aksai. This five-year agreement covers a comprehensive range of services, from consulting and concept to detailed engineering,…
Mosman Oil and Gas has sold stakes in Nadsoilco LLC
LONDON: Mosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon exploration, development, and production company, sold its interest in Nadsoilco LLC for a consideration of up to US$1.75 million subject to the completion of due diligence by the acquiror. Nadsoilco LLC currently owns the working interest in Stanley, Greater Stanley and all…
Mosman Oil and Gas acquires 10% working interest in a helium project in USA
LONDON: Mosman Oil and Gas Limited (AIM: MSMN) the hydrocarbon, helium and hydrogen exploration, development, and production company, has acquired a 10% working interest (WI) in a helium project in Las Animas County, Colorado, USA (the “Vecta Helium Project”) from Vecta Oil and Gas Ltd, a private company that has explored, drilled and produces helium…
Shell sells Nigerian onshore oil and gas business for $2.4 billion
After nearly 100 years of running Nigerian onshore oil and gas, Shell has decided to sell its subsidiary there for up to $2.4 billion to a group of five companies, mostly based in Nigeria. The buyer is the Renaissance consortium, which includes ND Western, Aradel Energy, First E&P, Waltersmith, all local oil exploration and production…
EIG to buy Brazilian offshore oil and gas company Ocyan for US$390 million
EIG, a global energy and infrastructure investor, announced today that it has agreed to buy Ocyan, a Brazilian offshore oil and gas solutions provider, from Novonor and BNDES for US$390 million. The deal will help Novonor pay off some of its debt to BNDES, the Brazilian development bank. Ocyan operates four floating production units in…
Union Jack Oil invests in Beacon Energy and eyes German oil and gas opportunities
LONDON, UK: Union Jack Oil plc, a UK-based company that produces, develops and explores onshore hydrocarbons, has announced that it has acquired a 3.22% stake in Beacon Energy plc, a full cycle oil and gas company with a portfolio of onshore German assets. The deal, which was completed following Beacon’s recent fundraise, gives Union Jack…