• Petro-Canada plans to acquire international oil and gas operations of Veba Oil & Gas from BP Plc for C$3.2 billion in cash in the North Sea, North Africa, including Libya, and northern Latin America. Veba produces about 175,000 BOE per day and has almost 600 million BOE of proven reserves. • Antrim Energy Inc., Calgary, wholly owned subsidiary Antrim Oil & Gas Ltd. will sell its New Zealand assets to Swift Energy Co., Houston, for stock and cash. The assets include a 5% interest in Rimu-Kauri permit 38719 and a 7.5% interest in Huinga permit 38716. • Apco Argentina Inc., Tulsa, and Globex Energy Inc., Dallas, have terminated their merger agreement. • CNOOC Ltd., Hong Kong, plans to acquire nine subsidiaries from Repsol-YPF for US$585 million, cash. Proved reserves to be acquired total approximately 360 million BOE. The assets are all in Indonesia and the acquisition will make CNOOC the largest offshore oil producer in Indonesia. • Enterprise Oil Plc, London, received an unsolicited approach from an unidentified party "regarding a possible offer for the company," and the offer has been rejected. Italy-based ENI is believed to have made the offer. • American Manor Enterprises Inc., Calgary, plans to acquire from Jasmin Oil & Gas, Trinidad, an 80% interest in the South Erin Block, Trinidad. -Crystal Cleveland-Kappes
Recommended Reading
Energy Transfer’s Lake Charles LNG Closer to FID with Chevron Deal
2024-12-19 - Energy Transfer entered a 20-year agreement to supply Chevron with 2 mtpa of LNG from its Lake Charles LNG export facility, which is awaiting a final investment decision.
TotalEnergies Enters 10-Year LNG Supply Deal with Indian E&P
2025-02-12 - Commencing in 2026, TotalEnergies will supply Gujarat State Petroleum Corp. with 400,000 tons of LNG, amounting to six cargoes per year, to terminals on India's west coast.
ConocoPhillips to Sell Interests in GoM Assets to Shell for $735MM
2025-02-21 - ConocoPhillips is selling to Shell its interests in the offshore Ursa and Europa fields in the Gulf of Mexico for $735 million.
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
2025-02-13 - Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.