LONDON – Harbour Energy announced that it has entered into an agreement to acquire LLOG Exploration Company LLC (“LLOG”) from LLOG Holdings LLC for $3.2 billion , comprising $2.7 billion of cash and $0.5 billion of Harbour’s voting ordinary shares. The Acquisition marks Harbour’s strategic entry into the US Gulf of America, strengthening its…
LONDON: Harbour Energy announced that it has entered into an agreement to acquire substantially all the subsidiaries of Waldorf Energy Partners Ltd and Waldorf Production Ltd, currently in administration, for $170 million. The consideration will be funded through readily available sources of liquidity. The acquisition is immediately materially accretive to Harbour’s free cash flow…
LONDON: Kistos (LSE: KIST), an independent energy company focused on generating value across the upstream and midstream markets, has entered into a binding agreement to acquire a 5% working interest in Block 9 and a 20% working interest in Blocks 3 & 4 from Mitsui E&P Middle East B.V., both located onshore in the…
LONDON: Serica Energy plc (AIM: SQZ) announced the signing of an agreement to acquire the entirety of BP’s stake in the P111 and P2544 licences, located in the UK Central North Sea. Completion is subject inter alia to the waiver of applicable pre-emption rights. The proposed acquisition comprises a 32% non-operated working interest in…
LONDON: Serica Energy plc (AIM: SQZ) is pleased to announce it has signed a sale and purchase agreement to acquire 100% of the issued share capital of Prax Upstream Limited from Prax Exploration & Production Plc. The acquisition is a corporate acquisition of Prax Upstream for a consideration of £14.5 million ($18.9 million). Completion…