Acquisitions & Divestitures - News

Borr Drilling Acquires Transocean's Shallow-Water Rigs For $1.4 Billion

Fredriksen's private investment vehicle Seatankers bought the new West Mira rig from the Hyundai Samho Heavy Industries Shipyard for an undisclosed sum just one week ago, Reuters reported.


Cyprus Approves Eni, Total, Exxon Offshore Block Deals

Eni and Total are in a consortium for one of the blocks and ExxonMobil and Qatar Petroleum have joined up for another. Eni will be on its own in a third block. The blocks were offered in the third licensing round held by Cyprus, Reuters reported.


SM Energy Closes Eagle Ford Sale

SM Energy Co. (NYSE: SM) completed its divestiture of non-operated Eagle Ford assets on March 14 for proceeds of $754 million.


Enerplus Will Sell Alberta, Saskatchewan Properties For CA$67.3 Million

The capital budget remains unchanged, while production was adjusted to reflect the nine-month impact of the divested volumes on annual average production, the press release said.


Vietnam's PV Oil Will Sell Stake To Investors, Offer IPO

Vietnam, which is slowly opening up its domestic market to considerable investment interest, has completed several major share sales and listings in recent months, Reuters reported.


Engie Sells British Shale Gas Interests To Ineos

As part of the deal, Ineos is taking over Engie's entire U.K. onshore exploration license portfolio that consists of interests in 15 licenses including seven in which Ineos had a previous participation, Reuters said.


Source: India Will Auction Oil Exploration Rights By June

The South Asian nation's previous licensing rounds saw a lukewarm response from global oil giants because of tax issues and doubts about the quality of the blocks on offer, Reuters reported.


Blackbird Will Acquire Additional Montney Rights From Paramount Resources

The acquisition lands are south of the Wapiti River. After the acquisition closes, Blackbird will have significant blocks of land north and south of the river. 


Mexico's Alfa Selling Oil Assets In Eagle Ford, Peru; Halting Energy Spending

Alfa holds mineral rights in southeast Texasin the Eagle Ford and in the Edwards and Wilcox fieldsas well as in Oklahoma, Kansas and Colorado, Reuters reported.


Petrus Will Acquire Ferrier Cardium Interests

A non-brokered private placement of about 1.58 million common shares priced at CA$2.53 each—for gross proceeds of about CA$4 million—will help fund the purchase price alongside credit facilities.


Callon Petroleum Closes $633 Million Southern Delaware Acquisition

CEO Fred Callon estimates the company added 480 gross horizontal locations on the acquired Ward acreage in the Wolfcamp C and various Bone Spring intervals alone.


Flowtex Completes Acquisition Of Positive-Yield East Texas Acreage

Flowtex Energy completed its acquisition of a large East Texas field with significant, currently producing acreage and leases, according to a Feb. 10 press release.

President Beau Flowers said the company acquired these “undervalued assets” and plans to bring five wells back into production initially.