Kirk Lovegrove & Company has advised Savannah Energy on the acquisition of PETRONAS’s entire oil and gas business in South Sudan for a total cash consideration of up to US$1.25 billion.
Ron Bousso, Shadia Nasralla (Reuters) May 27, 2021 Equinor Mariner installation - Photo by Abermedia / Michal Wachucik
Japan s JX Nippon wants to sell its British North Sea oil and gas assets including stakes in some of the basin s biggest fields in a deal that could fetch up to $1.5 billion, five banking sources [told Reuters this week].
The sale is the latest deal in the North Sea marking the handover of assets from oil majors to private companies, which say they can better exploit remaining reserves than huge companies focusing on the energy transition. read more
JX Nippon has hired Bank of America and Kirk Lovegrove as advisers for the sale of the portfolio, which includes stakes in the Andrew, Culzean, and Mariner projects where JX Nippon partners with BP, Total, and Equinor respectively, the sources said.