Acquisitions & Divestitures - News

Carlyle Group Names Manager For US Crude Export Terminal Project

Lone Star Ports LLC will lead development and operation of a Carlyle Group-backed crude export terminal in Corpus Christi, Texas, that can fully load supertankers, according to a statement from the project leaders on Dec. 14.

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Nigeria Files $1.1 Billion Lawsuit Against Shell, Eni Over Oilfield Deal

The Nigerian government filed a $1.1 billion lawsuit against Shell and Eni in a commercial court in London on Dec. 13 in relation to a 2011 oilfield deal involving block OPL 245.

December 13, 2018

Chrysaor Sets Sights On Chevron's North Sea Assets, Sources Say

Chrysaor has signed up investment banks Jefferies and BMO for the discussions as a deadline for the bids for Chevron's British North Sea oil and gas fields approaches, the four sources said.

December 13, 2018

Total Sells 4% Of Ichthys LNG Project For $1.6 Billion

Total remains committed to the Australian Ichthys LNG project and the French company would be holding on to its remaining 26% stake in Ichthys, says a company exec.

December 13, 2018

Marketed: Butkin Oil Operated Conventional Oklahoma Properties

Butkin Oil retained RedOaks Energy Advisors to sell certain operated, conventional oil properties in Carter and Stephens counties, Okla.

December 12, 2018

Cavalcade Midstream Makes $150 Million Partnership With Pearl, Old Ironsides, NGP

San Antonio-based newcomer is focusing on projects in the Permian Basin.

December 12, 2018

Hess To Sell Bakken Water Business In $225 Million Proposed Deal

Hess is looking to sell its Bakken water services business in a proposed $225 million-cash transaction with a midstream energy joint venture between Hess and Global Infrastructure Partners.

December 12, 2018

DNO Presses On With Faroe Petroleum Takeover Offer Despite Board Rejection

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.

December 12, 2018

Total Wins Contracts For Two Offshore Blocks In Mauritania

French energy company Total has strengthened its position in Mauritania by winning contracts for two new exploration blocks deep offshore.

December 12, 2018

Mexico Oil Auctions Scrapped As Leftist Government Flexes Muscles

Mexico’s energy regulator on Dec. 11 canceled two oilfield auctions scheduled for February, after the new leftist government said it would not hand over more resources to private companies until they proved themselves as producers.

December 11, 2018

Marketed: Panther Energy Louisiana Austin Chalk Leasehold

Panther Energy retained Detring Energy Advisors to sell oil and gas leasehold assets located in Vernon and Beauregard Parishes of the Western Louisiana Austin Chalk trend.

December 11, 2018

Marketed: Merit Energy Hugoton Basin Properties

Merit Energy retained Houlihan Lokey Capital to sell liquids-weighted, shallow-decline Hugoton Basin properties located in southern Kansas and northern Oklahoma.

December 11, 2018

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