TotalEnergies, a major player in the global energy sector, has made a significant move by selling its 10% stake in the SPDC JV licenses in Nigeria to Chappal Energies. The deal, valued at USD 860 million, involves TotalEnergies EP Nigeria, a subsidiary of TotalEnergies, transferring its interests in certain oil and gas licenses in the […]
Diversified Energy Company PLC (LSE: DEC; NYSE: DEC), a leader in the natural gas sector, has executed a conditional purchase and sale agreement to acquire key natural gas properties and related facilities in eastern Texas from Crescent Pass Energy. The acquisition, valued at $106 million before adjustments, with an estimated net purchase price of $100 […]
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), a key player in Europe and Turkey’s natural gas sector, has initiated a comprehensive operations program at the SASB Gas field in Turkey. The program, set to span over two months, includes significant updates and enhancements to several wells. Operations Update and Expansion The operations […]
Iberdrola has finalized a pivotal agreement to purchase the remaining 18.4% stake in its U.S. subsidiary, Avangrid, consolidating full ownership of the company. This strategic acquisition, valued at $35.75 per share, translates into a total investment of approximately $2.551 billion (about €2.348 billion, at a 1.0866 EUR/USD exchange rate). The transaction was unanimously approved by […]
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY), a notable player in the global energy sector, has successfully completed the acquisition of Svenska Petroleum Exploration AB, a key exploration and production company based in Stockholm, Sweden. The acquisition, valued at $40.2 million, was fully financed through cash on hand without the need for debt or equity […]