Law firm Womble Bond Dickinson and consultancy ROOTT discuss the oil and gas services sector M&A trends expected in 2021.
London-listed EnQuest said today it had completed the £13 million acquisition of a stake in the Bressay field from Equinor.
Whether dealing with failure of a major project, reacting to crises at counterparties or weighed down by oil price weakness, many companies in the oil sector will have to undertake financial restructuring in 2021.
In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some corporate marriages work.
With $14 billion of commitments before 2024, according to Rystad, decommissioning costs have long been a risk to and blocker in transactions, especially portfolio and corporate deals. The sector has moved a long way since early stage bilateral decommissioning agreements as sellers sought to navigate Section 29 of the Energy Act 2008 and other commercial risks in pursuit of the “clean break”.
Independent exploration and production (E&P) firms that fail to adjust to the energy transition face extinction before 2050, an analyst said today.
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
The Chrysaor-Premier Oil mega merger won’t mark the end of Chrysaor’s acquisition spree, according to the top consultant at Westwood Global.
To describe the last few months as a challenging period for the energy sector would be an understatement.
Jersey Oil and Gas has said it plans to launch a farm-out process later this year for its Greater Buchan Area in the North Sea, despite the Covid-19 and oil price crises.
Cashed-up Asian NOCs are actively screening international assets and companies for once-in-a lifetime acquisition opportunities amidst the global downturn.
More assets are expected to hit the market across Asia Pacific this year following the sustained drop in global oil prices and the COVID-19 pandemic, which has destroyed energy demand growth as economic activity contracts.
Given the current state of the oil market, Sterling Energy is becoming more confident in executing a deal with an onshore low-cost operator.
INEOS has launched a five-year partnership with the Mercedes-AMG Petronas F1 Team.
A new North Sea firm, created by the former bosses of Faroe Petroleum, has announced it is evaluating "a number" of potential acquisition targets.
We set out below our top predictions for the global oil and gas industry in 2020.
Africa Oil will go it alone in the acquisition of stakes in major fields offshore Nigeria after its partners, Delonex Energy and Vitol Investment Partnership, both withdrew.
Following a period of relatively low deal activity, in 2018 we started to see an uptick in deals – but that has paused slightly since the oil price fall at the end of 2018. Are there more deals to be done, or has oil price volatility cooled off the M&A market? What do the trends and themes seen in some of the latest UKCS M&A deals tell us?
A ConocoPhillips manager of almost 20 years has set up a consultancy firm targeting the wave of new operators in the North Sea.
Chrysaor is near a deal to buy ConocoPhillips’ North Sea assets, according to a news report.
The need for newer North Sea players to grow could be a “catalyst” for more M&A deals this year, according to an investment banker.
With just five weeks to go until the Offshore Technology Conference (OTC) kicks off, plans are well under way to make Energy Voice’s next breakfast briefing in Houston its best ever.
Oil and Gas UK expects to see further examples of companies consolidating and “right-sizing” their North Sea portfolios in 2019.
Mergers and acquisitions are engrained in the oil and gas industry’s DNA.
A new year can provide a good opportunity to revisit plans for the year ahead.