Latest news

Equinor completes acquisition with Shell in the US Gulf of Mexico

The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash.

read more... 20/08/2019


Oil & gas agreements hit five-year low in 2017

The volume of global oil and gas agreements reached a five-year low in 2017, according to a new report from business services firm EY, which declared that the total value of global transactions declined to $343 billion (£247 billion) from $390 billion (£281 billion) in 2016.

read more... 14/02/2018


Exxonmobil finalizes LNG purchase in Mozambique

ExxonMobil, the biggest publicly traded international oil and gas energy firm, declared that it accomplished the transaction of liquefied natural gas purchase in Mozambique’s Area 4 block.

read more... 15/12/2017


Rosneft signed a deal to buy a 30% stake in Zohr gas field

The Russian giant now owns a 30% stake in the Zohr gas field after closing a $1.125 billion (£850 million) transaction.

read more... 16/10/2017


CEZ holds out for a better price in the sale of Bulgarian assets

Czech utility CEZ plans to sell its Bulgarian assets, for which 5 bidders were shortlisted. The company should settle on a transaction by the end of the year, or in case it cannot obtain the right price, it might scrap it, as told by a board member to Reuters. The names of the bidders were not disclosed, but it is said that the firms had experience in the Balkans, as announced by Tomas Pleskac.

read more... 28/09/2017