Acquisitions & Divestitures - Mergers & Acquisitions
San Antonio-based newcomer is focusing on projects in the Permian Basin.
The board of Faroe Petroleum, in which DNO already owns 28%, has said the company was worth substantially more than DNO's takeover bid, first announced on Nov. 26.
Oil and gas producers are increasingly under siege by investors—activists and otherwise, most recently targeting Denbury Resources’ purchase of Penn Virginia.
Akastor will create a leading provider of well-, reservoir- and software services through the combination of AGR and the Norway-based oil services investment company’s subsidiary First Geo.
Transocean’s CEO said the Ocean Rig acquisition will enhance the Swiss-based drilling rig contractor’s fleet of ultradeepwater and harsh environment floaters without compromising its liquidity.
DUG Midcontinent panel sees the Encana-Newfield deal as a sign of things to come.
Analysts, experts and industry observers size up M&A for the Permian, Marcellus, Stack and Powder River Basin and take a look at what the tea leaves portend for 2019.
Ensign decided to launch the bid in August after Trinidad completed a strategic review it began in February, while North American drilling contractor Precision in October offered a deal valued at C$1.03 billion.
As a result of the Cretic acquisition, Forbes Energy Services said it will have one of the largest fleets of large-diameter, high-capacity coiled tubing units with a footprint in the Permian.
Cimarex CEO Tom Jorden said Delaware Basin pure-play Resolute Energy, which has faced recent investor pressure to pursue a sale or merger, is a ‘bolt-on asset tailor-made for Cimarex.’
U.S. shale firms are more profitable than ever after a strong third quarter and the change is evidence shale firms have moved to "harvest mode" and turned toward deal making.
Australia's competition watchdog, ACCC, said it will not oppose oil and gas firm Santos's $2.15 billion acquisition of Quadrant Energy.