Acquisitions and Divestitures News

Aethon Energy to Acquire Tellurian Integrated Upstream Assets
United States >> 5/29/2024 - Tellurian Inc. (NYSE American: TELL) and Aethon Energy Management LLC (Aethon) announced an agreement for Aethon to acquire Tellurian’s integrated upstream assets for $260 million, alongside a Heads o...
Synergia Energy commences farm out process concerning its Medway Hub Camelot CCS project
United Kingdom >> 5/28/2024 - Synergia Energy has announced the commencement of a farm out process concerning its Medway Hub Camelot CCS project in the UK.

Synergia and its partner, Wintershall Dea, each hold a 50% inte...
Challenger Energy Finalises Investment from Charlestown, Appoints New Director
Uruguay >> 5/28/2024 - Challenger Energy (AIM: CEG), the Atlantic margin focused energy company, is pleased to announce that the investment in the Company by Charlestown Energy Partners LLC (together with its affiliates and...
Minister Mantashe Welcomes the Successful Conclusion of the Sale of SAPREF Refinery
South Africa >> 5/27/2024 - The Minister of Mineral Resources and Energy, Mr. Gwede Mantashe, has welcomed the conclusion of the Sale Purchase Agreement between bp Southern Africa (Pty) Ltd (bpSA) and Shell Downstream South Afri...
Vår Energi Sells Boyla Asset as Part of Portfolio Optimisation
Norway >> 5/24/2024 - Var Energi ASA (OSE: VAR) has signed an agreement with Concedo AS for the disposal of a 20% interest in the Boyla field for a consideration of USD 24 million.

"The transaction is al...
Completion of Azule Acquisition
Angola >> 5/23/2024 - Summary of Azule Acquisition
Afentra plc ('Afentra' or the 'Company') is pleased to announce the completion of the acquisition of a 12% non-operating interest in Block 3/05 and a 16% non-operat...
ADNOC to Acquire 10% Equity Stake in Major LNG Development in Mozambique
Mozambique >> 5/22/2024 - - Equity stake in Area 4 concession within Mozambique’s Rovuma basin acquired from Galp, supporting ADNOC’s international growth strategy
- First investment in Mozambique complements ADNOC’s eff...
Galp to divest its 10% stake in Area 4 Mozambique
Mozambique >> 5/22/2024 - Galp has signed an agreement with ADNOC for the sale of its upstream assets in Mozambique.

Area 4 includes Coral South FLNG, in operation since 2022, as well as the prospective Coral North...
Orcadian Energy Announces Potential Farm-in to its Recently Awarded SNS Licence
United Kingdom >> 5/22/2024 - Orcadian Energy (AIM:ORCA) is pleased to announce that it has agreed a non-binding Heads of Agreement ("HoA") with a potential farm-in partner (the "Partner") on its recently awarded SNS Licence:
<...
Formation Minerals, Inc. Announces Opportunistic Divestiture of Assets
United States >> 5/22/2024 - Formation Minerals, Inc. (OTCQB: FOMI) (“Formation” or the “Company”), a growing oil and gas company with a focus on the acquisition and management of oil and gas minerals and royalties, today announc...
Pyxis Tankers Announces Joint Venture Agreement to Acquire Modern Dry-Bulk Vessel
Greece >> 5/21/2024 - Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (“we”, “our”, “us”, the “Company” or “Pyxis Tankers”), an international shipping company, announced today key strategic and financial actions to further enha...
Green Lantern Solar Completes Sale of Eight Community Solar Projects
United States >> 5/21/2024 - Green Lantern Solar, an innovative and trusted renewable energy developer, announced the successful completion of the sale of eight 500-kilowatt (kW) net-metered solar projects in Vermont to Sea Oak C...
WildFire Energy Announces Eagle Ford Acquisition
United States >> 5/20/2024 - WildFire Energy I LLC ("WildFire"), today announced that it has entered into a definitive agreement for the acquisition of approximately 237,000 net acres and interests in 465 wells in the East Texas ...
Lamons Expands NanoGalv Coating Services through ModuHouston Acquisition
United States >> 5/20/2024 - Lamons®, a global leader in safety sealing and attachment solutions, today announced the asset acquisition of ModuHouston from Modumetal. Now known as ModuCoatings, ModuHouston is a location that prov...
APA Announces over $700M in Asset Sales from Two Transactions for Non-core Texas Properties
United States >> 5/20/2024 - APA Corporation announced the sale of non-core producing properties by Apache Corporation and certain of its subsidiaries in two separate transactions with aggregate proceeds of more than $700 million...
Key Energy Services Reports Asset Acquisition
United States >> 5/19/2024 - Key Energy Services, Inc. (“Key” or the “Company”) announced the purchase of substantially all the assets of the well servicing division of Endeavor Energy Resources, L.P. (“Endeavor”) in an all-cash ...
Savannah Energy Provides South Sudan Acquisition Update
South Sudan >> 5/17/2024 - Further to its announcement on 5 April 2024, the Company advises that its ordinary shares remain suspended from trading on AIM while it advances the various workstreams associated with completion of t...
Arq Announces $15 Million PIPE Transaction
United States >> 5/16/2024 - Entered Into $15 million PIPE at $7.00 per share, reflecting a roughly 3% discount to yesterday's close
Transaction resulted from unsolicited offer from new, accredited institutional investor
DNO Completes Acquisition of 25 Percent of UK’s Arran Field
United Kingdom >> 5/16/2024 - DNO ASA, the Norwegian oil and gas operator, today announced the completion of the acquisition of a 25 percent interest in the Arran field on the UK Continental Shelf by the Company’s wholly-owned sub...
Adani Completes Acquisition Of Essar’s Operational Mahan-Sipat Transmission Assets
India >> 5/16/2024 -  Adani Energy Solutions Limited (AESL) through its wholly owned subsidiary Adani Transmission Step-Two Limited (ATSTL) acquired a 100% stake in Essar Transco Limited, which houses operational Mahan-Si...

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