Category: Transactions

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E&P forecast turnaround for 2020 affects service industry

E&P forecast turnaround for 2020 affects service industry

The recent fall in oil prices, down to 31 $, may have a devastating effect on the Overall oilfield services (OFS), according to Rystad Energy. The [...]
EMGS gets more work in Namibia

EMGS gets more work in Namibia

EMGS has received a letter of intent with a minimum value of USD 3.6 million from an undisclosed customer on behalf of a JV block consortium, offshore [...]
Shearwater and CGG completes strategic vessel transaction

Shearwater and CGG completes strategic vessel transaction

Shearwater GeoServices Holding AS states today in a press release that the company "completed the strategic vessel transaction with CGG, including the [...]
Cairn exits Norway

Cairn exits Norway

Solveig Gas Norway AS shall acquire all the shares in Capricorn Norge AS by paying US$ 100 million plus customary working capital adjustments on compl [...]
Pandion Energy exits Duva

Pandion Energy exits Duva

The Duva oil and gas field (previously known as Cara, “The winner is: Cara”) is located in the northern North Sea and was discovered in the autumn of [...]
UKCS: Edgon possibly found a buyer

UKCS: Edgon possibly found a buyer

Given the exclusivity arrangement, discussions and negotiations with other parties have been suspended, and the data room closed while the agreement i [...]
Neptune acquires Edison’s portfolio

Neptune acquires Edison’s portfolio

The portfolio includes: Glengorm gas condensate discovery (25% WI) in the UK’s Central North Sea, close to Neptune’s operated Seagull Glengorm is [...]
NL: Solo Oil marks its presence in the Netherlands

NL: Solo Oil marks its presence in the Netherlands

The consideration for the proposed transaction comprises an upfront payment of €30.1 million, plus a future deferred payment of €2.0 million upon firs [...]
UKCS: Hibiscus Petroleum secures Crown

UKCS: Hibiscus Petroleum secures Crown

The blocks include the Crown discovery (Palaeocene Balmoral Sandstones) which consists of  2C  contingent resources that range between 4 to 8 MMboe, s [...]
UKCS: Transaction complete

UKCS: Transaction complete

The assets acquired produced approximately 72,000 boepd in the first six months of 2019. Combined with Chrysaor’s existing portfolio first hal [...]
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