Acquisitions & Divestitures - Mergers & Acquisitions

Total Boosts North Sea Business With $7.5 Billion Maersk Oil Acquisition

Total has been betting on new rather than mature fields in the North Sea and the acquisition of Maersk Oil gives it further economies of scale.

August 21, 2017

Stack Behemoth: Silver Run, Alta Mesa, Kingfisher Form $3.8 Billion Pure Play

With 120,000 net acres and an estimated 4,200 locations, the new company also meshes with Kingfisher Midstream to offer a potential spinoff IPO for development cash.

August 17, 2017

Oilfield Services Sector Continues Consolidation With Nabors-Tesco Merger

Nabors’ roughly $216 million acquisition of Tesco is ‘rare win-win in oil patch consolidation,’ analyst says.

August 15, 2017

Andeavor Unit To Buy Western Refining Logistics In $1.5 Billion Merger

Andeavor Logistics also said it would issue 78 million of its units to parent Andeavor in exchange for the cancellation of its incentive distribution rights.

August 14, 2017

Mainline Midstream Announces Acquisition In Oklahoma

More than 1,000 miles of pipeline purchased in Scoop, Stack, Merger play.

August 11, 2017

Consol Files For Separation; Plans To Divide E&P, Coal Businesses

The company plans to sell between $400 million and $600 million of mostly non-EBITDA generating assets related to the spinoff.

July 14, 2017

Cargill Completes Sale Of Petroleum Business To Macquarie

The sale of Cargill’s petroleum business, first announced in March, is the latest reshuffling following an almost three-year slump in oil prices.

July 7, 2017

EQT's $8.2 Billion Buyout Of Rice Energy Criticized By Hedge Fund Jana

Jana Partners stepped up its criticism of EQT's deal to buy Rice Energy, arguing that EQT could save as much as $4.5 billion if it separated its pipeline assets instead.

July 6, 2017

Sanchez Midstream Reports Noncore Sale, Eagle Ford Facility Startup

Sanchez Midstream Partners agreed to sell noncore production assets as the Houston-based company advances its midstream strategy in the Eagle Ford Shale.

July 5, 2017

Forum Acquires Multilift, Manufacturer Of Artificial Lift Tools

Forum Energy Technologies acquired the stock of Multilift from Pelican Energy Partners, a Houston-based oilfield services focused private equity fund, and management.

July 5, 2017

Halliburton Strengthens Artificial Lift Business With Summit ESP Acquisition

Halliburton said July 5 it would buy oilfield equipment supplier Summit ESP, which is backed by Oklahoma energy and banking billionaire George Kaiser.

July 5, 2017

Three Companies Merge To Create SolstadFarstad

The Skudeneshavn, Norway-headquartered company, which also has activity in the renewable energy sector, has a fleet of about 150 vessels. Currently, two well vessels and a harvest vessel are under construction.

June 23, 2017