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Middle East and Africa's oil & gas industry deal activity dropped 32.92% in Q1 2021


Middle East and Africa’s oil & gas industry deal activity dropped 32.92% in Q1 2021
By Global Data on 5/11/2021
Led by $2.59 billion asset transaction with BP Exploration (Epsilon), Middle East and Africa’s oil & gas industry saw a drop of 32.92% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
A total of 27 deals worth $4.81 billion were announced for the region during Q1 2021, against the last four-quarter average of 40.25 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 27 deals, representing a 100% share for the region. In terms of value of deals, M&A was the leading category in Middle East and Africa’s oil & gas industry with $4.81 billion. ....

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Centurion Law Group Advises Panoro Energy on Its Acquisition of Tullow 'S Oil Asset in Equatorial Guinea


Centurion Law Group Advises Panoro Energy on Its Acquisition of Tullow ’S Oil Asset in Equatorial Guinea
Feb 23, 2021 10:00 AM ET
Legal Newswire POWERED BY LAW.COM
22 February 2021, Johannesburg -  Pan African Law Conglomerate, Centurion Law Group is pleased to have acted as local counsel to Panoro Energy ASA (Panoro) on the $105 million purchase of all Tullow Oil PLC (Tullow) assets in Equatorial Guinea. The parties have signed a sale and purchase agreement, pursuant to which Tullow has agreed to sell its entire interest in Tullow Equatorial Guinea Limited.
“We are excited to have assisted Panoro Energy on this landmark Oil and Gas transaction,” said Manuel Oliveira Director and Shareholder, who led Centurion’s EG deal team. “This was a significant transaction that involved cooperation between experienced attorneys from Centurion and also Panoro’s team.” Added Mr. Oliveira. ....

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