Explore All 413 Divestiture Oil/Gas Exploration Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | July 17, 2009 |
| Target | AH001 |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Petrofac |
| Sellers(s) |
Hess
Endeavour Energy UK |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1981 |
| Sector | Energy Services and Equipment |
| Employees | 8,600 |
| Revenue | 2.5B USD (2023) |
Petrofac is a global provider of total facilities solutions for the oil & gas industry. Petrofac was founded in 1981 and is based in St Helier, Jersey.
| Deal Context for Buyer | # |
|---|---|
| Overall | 4 of 9 |
| Sector: Oil/Gas Exploration | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| Country: United Kingdom | 3 of 6 |
| Year: 2009 | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-09-02 |
Caltec
Cranfield, United Kingdom Caltec Ltd. delivers high value production boosting and separation technology to the oil and gas industry. Caltec's products enables customers to make maximum use of existing energy available. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-12-06 |
Gateway Storage Co.
Edinburgh, United Kingdom Gateway Storage Company Ltd plans to build an underground natural gas storage facility in the East Irish Sea, approximately 25 km (15 miles) offshore, south west of Barrow-in-Furness. Storage caverns will be developed in a natural salt structure below the seabed and will enable gas to be delivered, stored and then returned to the UK's national transmission system. The offshore gas storage facility will provide a significant boost to the security of energy supply in the UK gas market and will help to meet the strategic energy policy objectives of the UK government. When completed, the caverns will have a working gas storage capacity of 1.52 billion standard cubic metres (~562 million therms), adding nearly 30% to the current UK gas storage capacity. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1920 |
| Sector | Oil/Gas Exploration |
| Employees | 1,545 |
| Revenue | 11.3B USD (2022) |
Hess is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. Hess was founded in 1920 and is based in New York, New York.
| Deal Context for Seller | # |
|---|---|
| Overall | 2 of 15 |
| Sector: Oil/Gas Exploration | 1 of 11 |
| Type: Divestiture | 2 of 11 |
| Country: United Kingdom | 1 of 2 |
| Year: 2009 | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-01 |
Bayonne Energy Center
Bayonne, New Jersey, United States Bayonne Energy Center is a 512 MW power generation facility under construction in Bayonne, New Jersey, and interconnected at ConEd's Gowanus substation in Brooklyn (New York Zone J). Bayonne Energy Center is based in Bayonne, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-04-01 |
Hess Corp - UK Gas Assets
United Kingdom Hess Corp - UK Gas Assets comprises oil exploration assets in the Everest and Lomond natural gas fields and the Central Area Transmission System in the central North Sea, together with the Bacton Corridor and Easington Catchment Area natural gas fields located in the Southern North Sea. |
Sell | $423M |
Endeavour Energy UK Ltd. provides oil and exploration services in UK.
| Deal Context for Seller | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Oil/Gas Exploration | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| Country: United Kingdom | 1 of 1 |
| Year: 2009 | 1 of 1 |
