African Deal Hat Trick

Three African oil deals in one day: Total sells in Nigeria for $860mm, Etu Energias $443mm deal in Angola, BW Energy $140mm bet in Namibia; Permian Basin rig count steady for 12 weeks; Exxon plans to drill 30 wells for Guyana project; US court overturns Alaska oil lease sale favoring environmentalists.

Author

Rob Quigley
July 18, 2024

by VSO Petroleum Consultants. Oil and Gas industry news for those in the deal flow (Investors and A&D Professionals). Your daily source for the latest A&D/M&A news, industry news, and expert interviews.

First Things First:

Three African oil deals in one day: Total sells in Nigeria for $860mm, Etu Energias $443mm deal in Angola, BW Energy $140mm bet in Namibia.

Chappal to acquire TotalEnergies’ stake in oil and gas assets onshore Nigeria for $860 million

The deal includes a 10% interest in 15 oil mining leases and the Forcados and Bonny export terminals, which are part of the Shell Petroleum Development Co. joint venture, Nigerian-owned Chappal Energies said in a statement Wednesday.

www.worldoil.com/news/2024/7/17/chappal-to-acquire-totalenergies-stake-in-oil-and-gas-assets-onshore-nigeria-for-860-million

Permian Basinrig count steady for 12 weeks PBOG Magazine.

Exxon plans to drill 30 wells for Guyana projectBoereport .

US court overturns Alaska oil lease sale favoring environmentalists Boereport.

VSO is the go-to consulting firm for buy-side technical due diligence. We can handle all your technical evaluations or can be your spare capacity when you need overflow help. If you’re in the deal flow, let’s work together.

Daily Headlines

  • Permian Basin rig count steady for 12 weeksPBOG Magazine.

  • Exxon plans to drill 30 wells for Guyana projectBoereport.

  • Oil prices show increased gains as EIA confirms crude draw Oilprice.

  • U.S. oil production may rise with new presidential focus Oilprice.

  • Liberty Energy: Global oil markets constructive despite price flucuationsMarketwatch.

  • US court overturns Alaska oil lease sale favoring environmentalists Boereport.

  • Consumption of natural gas rises 7.1% YoY in JuneEconomic Times.

  • Oil and gas exports vital for Canada’s economyOilprice .

  • Strong demand supporting oil prices globally Yahoo Finance.

  • Oil and gas logistics market grows by $1.93B by 2029Oilprice.

  • Texas restaurants sue utility over hurricane response Hart Energy.

Deal Flow

M&A/Investment

  • Chappal acquires TotalEnergies' onshore Nigeria assets for $860M World Oil.

  • Etu Energias enters deepwater with $443M deal offshore Angola World Oil.

  • BW Energy bets $140M on Namibia frontier play with Canadian explorer deal Upstream Online.

IPO/Direct Listing/Issuances/Block Trades

  • US Silica investors approve Apollo's $1.85B take-private deal Hart Energy.

Debt

  • No deals that match this criteria

SPAC

  • No deals that match this criteria

Bankruptcy/Restructuring/Distressed

  • No deals that match this criteria

Fundraising

  • No deals that match this criteria

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