Acquisitions & Divestitures - News
Canada's MEG Energy rejected Husky Energy's offer to buy the oil and gas producer, saying the proposal undervalued the company.
Shell agreed to sell its upstream interests in Denmark in the Danish Underground Consortium to Noreco for $1.9 billion as part of the oil major’s larger divestment program.
New Emerald Energy retained Houlihan Lokey Capital to sell sale oil-weighted properties with substantial inventory located in the Bakken play of North Dakota.
SandPoint is a San Antonio, Texas-based independent oil and gas company with a management team that has a deep history in the acquisition and development of South Texas assets.
ConocoPhillips retained EnergyNet to sell operated Permian Basin properties in Ector County, Texas, through a sealed-bid offering.
The North Sea discovery has estimated reserves of 77 million barrels of oil equivalents, and by connecting it to existing production facilities at the Ula Field, Aker BP expects the acquisition to add more than 100 million barrels in total.
According to the filing, Petrobras, as the Brazilian company is known, will have a 20% stake in the joint venture, and Murphy will have 80%.
EPIC’s purchase will also include a pipeline for the Robstown facility to receive NGL from various pipelines that allow the delivery of fractionated products to several Corpus Christi-area markets
IPC will acquire BlackPearl for roughly C$622.5 million and combine its assets with IPC’s existing assets in Canada as well as in France, Malaysia and the Netherlands.
According to a letter obtained by Reuters, Chevron has agreed to transfer its 20% stake in an exploration license in the Arctic, called PL859, to Norway's DNO ASA.
BP CEO Bob Dudley hailed the deal with Italy's Eni as an important step "towards returning to our work in Libya."
Ørsted has entered into an agreement with the D.E. Shaw Group to acquire a 100% equity interest in Rhode Island-based Deepwater Wind at a purchase price of $510 million, the company said on Oct. 8.