Seplat Energy Acquires Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil

NEO Energy Acquires ExxonMobil North Sea Asset Portfolio

February 24, 2021

Energy

NEO Energy, backed by HitecVision, has agreed to acquire a portfolio of 21 non-operated oil and gas assets in the Central and Northern North Sea from ExxonMobil for more than USD 1 billion (with up to ~USD 300 million contingent). The deal materially increases NEO's production (adding ~40,000 boepd and >140 million boe of reserves), positioning the company among the top five UK oil and gas producers and supporting rapid near-term growth on the UK Continental Shelf.

Vår Energi Acquires Neptune Energy Norge AS

January 31, 2024

Oil & Gas

Vår Energi ASA completed the acquisition of 100% of the shares in Neptune Energy Norge AS, strengthening its position on the Norwegian Continental Shelf and adding ~67 kboepd of production and ~265 mmboe of 2P reserves. The transaction was agreed at an enterprise value of USD 2.275 billion and closed on 31 January 2024 (effective date 1 January 2023); net cash consideration paid on completion (less cash in Neptune Norway) was approximately USD 1.2 billion. The deal increases Vår Energi's scale, operatorships and gas/LNG exposure and is inter-conditional with a separate transaction in which Eni acquires the remainder of Neptune's global assets.

PGNiG Acquires INEOS E&P Norge Assets for $615M

January 1, 2021

Oil & Gas

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG), via its Norwegian unit PGNiG Upstream Norway AS, agreed to acquire all assets of INEOS E&P Norge AS from INEOS for USD 615 million. The assets comprise predominantly gas-producing fields, exploration licences on the Norwegian continental shelf and an 8.2% interest in the Nyhamna gas terminal — a strategic move to boost PGNiG's Norwegian gas output and diversify Poland's gas imports.

NEO Energy and Repsol Resources UK Combine to Form NEO NEXT

March 27, 2025

Energy

NEO Energy and Repsol Resources UK have agreed a strategic merger to create NEO NEXT, a jointly owned upstream producer on the UK Continental Shelf. Under the terms, NEO will hold 55% and Repsol UK 45% of the combined business; Repsol will retain USD 1.8 billion of related decommissioning liabilities. Completion is subject to regulatory approvals and is expected in Q3 2025.

Sunoco LP to Acquire NuStar Energy L.P. for $7.3 Billion

January 22, 2024

Oil & Gas

Sunoco LP agreed to acquire NuStar Energy L.P. in an all‑equity transaction valued at approximately $7.3 billion including assumed debt. Under the deal NuStar common unitholders will receive 0.400 Sunoco common units per NuStar common unit (about a 24% premium); the transaction has board approval and is expected to close in Q2 2024 subject to unitholder and regulatory approvals.

Maurel & Prom Acquires Assala Energy from Carlyle

August 15, 2023

Energy

French Euronext-listed oil and gas producer Maurel & Prom (M&P) has agreed to acquire Assala Energy, an upstream oil exploration and production company operating in Gabon, from global investment firm Carlyle. Carlyle, which invested in Assala in 2017 through Carlyle International Energy Partners and deployed over $1.3 billion, grew production to ~45 kbbl/d, extended reserve life and reduced emissions during its ownership.