acquisition
Posted inNews
Eni acquires BP’s gas business in Algeria
According to Eni, this acquisition has will contribute to Europe’s gas needs and further strengthen the company’s presence in Algeria
Posted inNews
ADNOC Distribution acquires a 50% stake in TotalEnergies Egypt for approx. $200mn
The acquisition by ADNOC Distributions will also see the refurbishment of several service stations to ADNOC branding, offering a robust foothold in a fast-growing fuel retail market in Egypt
Posted inPower List
Canada’s oil & gas industry M&A deals total $10.01bn in Q4 2020
The value marked an increase of 468.3% over the previous quarter
Posted inDRILLING & PRODUCTION
Dana Gas sells onshore Egypt production business worth $236 million
An IPR Energy Group subsidiary will buy the producing assets
Posted inDRILLING & PRODUCTION
Global oil & gas industry M&A deals total $23.95bn in Q2 2020
The value increased 114.2% over the previous quarter, but a drop of 68.8% compared to the previous four-quarter average
Posted inDRILLING & PRODUCTION
Global oil & gas industry deals total $78.46bn in Q4 2019
The value marked a decrease of 2.3% over the previous quarter and a drop of 34% when compared with the last four-quarter average of $119.37bn
Posted inDRILLING & PRODUCTION
Egyptian M&A 2020 outlook
The M&A activity in Egypt increased by nearly 286% from US$389 million in 2017 to US$1.5 billion in 2018, reaching US$1.6 billion in 2019
Posted inProducts & Services
Reliance stake sale to Saudi Aramco and BP will reduce leverage, a credit positive: Moody’s
Stake sales are in line with the company’s plan to reduce net debt to zero by March 2021
Posted inProducts & Services
Sphera to acquire sustainability software company thinkstep
The acquisition will allow users to mix and match different sustainability and product stewardship tools to meet their individual needs