Acquisitions & Divestitures

A&D - E&P

Noble Upgrades Delaware Acreage With Clayton Williams Deal

Noble’s purchase of Clayton Williams will address inventory concerns with the addition of 2,400 locations in the Delaware core.

2017/01/17

Norway Awards 56 Oil, Gas Licenses In Mature Areas

In  a separate press release, Statoil reported Jan. 17 that it made a new oil and gas discovery near Norne that could hold between 20 million barrels (MMbbl) and 80 MMbbl of resources.

2017/01/17

ExxonMobil Steps Up Shale Story With $6.6 Billion Delaware Deal

The acquisition is expected to add 3.4 Bboe, bringing ExxonMobil’s Permian resource base to 6 Bboe, the company said.

2017/01/17

Noble To Acquire Clayton Williams For $3.2 Billion

As a result of the combination, Noble will become the second-largest acreage holder in the Delaware Basin with nearly 120,000 net acres in the Delaware core

2017/01/16

Insight

Trump Interior Pick To Clarify Stance On Federal Land Development

Lawmakers are expected to seek clarity on Zinke's commitment to keeping public lands in federal control, after he voted on a provision that could make it easier to transfer federal lands to states.

2017/01/17

Report: North Dakota Oil Output To Drop Below 1 MMbbl/d

North Dakota's oil production will likely fall below 1 million barrels per day (MMbbl/d) by the end of January due to harsh winter weather and low oil prices, state regulators said on Jan. 13.

2017/01/17

Oil Set For Weekly Fall On Doubts Over OPEC Cuts

Brent crude futures, the international benchmark for oil prices, were trading 60 cents down at $55.41/bbl by 6:20 a.m. CT (12:20 GMT) on Jan. 13. West Texas Intermediate crude fell by 58 cents to $52.43.

2017/01/13

Oil Prices Rise On OPEC Cuts, China Demand Forecast

Brent crude futures was up 70 cents at $55.80 a barrel (bbl) by 5:35 a.m. CT (11:35 GMT) Jan. 12. West Texas Intermediate crude was up 60 cents at $52.85.

2017/01/12

Joint Ventures

Comstock Resources Boosts Haynesville Acreage With JV

The arrangement gives Comstock the ability to continue expanding its footprint in the Haynesville while minimizing its upfront cash outlays, an analyst said.

2017/01/09

Nigeria Signs $5.1 Billion Deal With Oil Majors To Clear Debts

The agreement would also ensure that future Nigerian payments to production JVs with oil majors would be paid in time, says the country's oil minister.

2016/12/15

Baker Hughes’ Frack Fleet Deal Pays Pennies On The Dollar

Baker Hughes retains a minority stake in the new company, but analysts are skeptical the transaction was a fair bargain.

2016/12/02

Australian National Audit Office: North West Shelf Gas JV Was Underpaying Royalties

The audit office questioned the eligibility of deductions claimed for the cost of debt and equity funded capital and the excise paid on crude and condensate, Reuters reported.

2016/11/28

Mergers & Acquistions

Noble Upgrades Delaware Acreage With Clayton Williams Deal

Noble’s purchase of Clayton Williams will address inventory concerns with the addition of 2,400 locations in the Delaware core.

2017/01/17

TechnipFMC Begins Operations As Combined Company

Doug Pferdehirt is CEO of TechnipFMC, and there are 44,000 employees, according to the press release.

2017/01/17

ExxonMobil Steps Up Shale Story With $6.6 Billion Delaware Deal

The acquisition is expected to add 3.4 Bboe, bringing ExxonMobil’s Permian resource base to 6 Bboe, the company said.

2017/01/17

Noble To Acquire Clayton Williams For $3.2 Billion

As a result of the combination, Noble will become the second-largest acreage holder in the Delaware Basin with nearly 120,000 net acres in the Delaware core

2017/01/16

Midstream

PHMSA Passes Rule Boosting Safety On Oil, Refined Product Lines

The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) said on Jan. 13 it has passed a rule to boost safety requirements on the country's oil and refined products pipelines.

2017/01/13

AltaGas Says In Potential Deal Talks

AltaGas did not name the company, but the Wall Street Journal, citing people familiar with the matter, said the firm was is in talks to merge with WGL Holdings, the parent of natural-gas utility Washington Gas.

2017/01/13

Sidley Austin: Exports, LNG Will Crank Up Natural Gas Prices

Law firm partners see Trump’s protectionist sound bites as potential threat.

2017/01/12

Largest Gap Between Asian, US Gas Prices Presents Opportunity For LNG Tankers

Since February, 61 vessels have taken cargoes from Sabine, but just three vessels delivered LNG to East Asia between February and the end of November, Reuters reported. 

2017/01/12

Service & Supply

Dril-Quip Continues Growth With Acquisition Of OPT

Based in Houston, OPT is a provider of offshore riser systems and components, proprietary threaded connections and other products, with a focus on deepwater Spar and TLP Systems.

2017/01/06

Schlumberger Expands With Peak Well Systems Acquisition

The addition of Peak strengthens the Schlumberger Production Services portfolio with a broader offering of mechanical services to its global customers

2017/01/05

Savanna Energy Says Approached By Other Potential Bidders

Total Energy first made a proposal to buy Savanna in November, before later raising its offer earlier in December. Savanna Energy had a market value of about C$190 million as of close on Dec. 14.

2016/12/15

Patterson-UTI To Buy Seventy Seven For $1.76 Billion

Patterson-UTI will have more than 1.5 million hydraulic fracturing horsepower following the closing of the transaction, the U.S. driller said.

2016/12/15