Financial news, corporate announcements, analysts’ reports
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…
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,…
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…
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…
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, 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…
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…
LONDON, UK: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, has announced that it has signed a binding memorandum of understanding (MOU) with Jala Capital Investments, LLC, a company incorporated in the State of Texas, to acquire a 90% interest in an oil and gas lease in Crockett County,…
LONDON, UK: Nostrum Oil & Gas PLC, an independent oil and gas company operating in the pre-Caspian Basin, has announced that it has completed the acquisition of an 80% interest in Positive Invest LLP, which holds the rights to develop and produce hydrocarbons from the Stepnoy Leopard Fields in the West Kazakhstan region. The acquisition…
BUCHAREST, ROMANIA: OMV Petrom, the largest integrated energy company in Southeast Europe, has made significant discoveries of crude oil and natural gas resources in the Oltenia and Muntenia regions of southern Romania. The newly discovered deposits hold over 30 million barrels of oil equivalent (boe) of recoverable resources, representing a substantial addition to OMV Petrom’s…
PARIS, FRANCE: TotalEnergies has made a significant oil and gas discovery, named Ntokon, in the offshore OML102 block located off the southeast coast of Nigeria. The discovery well, Ntokon-1AX, encountered 38 meters of net oil pay and 15 meters of net gas pay, while the side-track well, Ntokon-1G1, encountered an impressive 73 meters of net…
LONDON, UK: Oil exploration and production company Mosman Oil and Gas Limited (AIM: MSMN) has announced the acquisition of a new lease in Texas, USA adjacent to the Cinnabar lease. Mosman will operate the lease and have a 78% working interest. The company undertook a detailed review, including the acquisition and interpretation of 3D seismic…