Acquisitions & Divestitures - News

Canada's MEG Rejects Husky Energy Buyout Offer

Canada's MEG Energy rejected Husky Energy's offer to buy the oil and gas producer, saying the proposal undervalued the company.

3:00 pm

Shell Agrees To $1.9 Billion Sale Of Upstream Denmark Assets

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.

8:55 am

Marketed: New Emerald Energy Bakken Oil Assets

New Emerald Energy retained Houlihan Lokey Capital to sell sale oil-weighted properties with substantial inventory located in the Bakken play of North Dakota.

8:35 am

SandPoint Resources Forms With Equity Commitment From Carnelian

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.

October 16, 2018

Marketed: ConocoPhillips Operated Permian Properties, Ector County, Texas

ConocoPhillips retained EnergyNet to sell operated Permian Basin properties in Ector County, Texas, through a sealed-bid offering.

October 16, 2018

Aker BP To Buy Equinor Gas, Condensate Discovery For $250 Million

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.

October 15, 2018

Petrobras, Murphy Oil Form Joint Venture In Gulf Of Mexico

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%.

October 11, 2018

EPIC Buys South Texas NGL Facility From Southcross

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

October 10, 2018

IPC To Acquire Canada’s BlackPearl In Strategic Combination

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.

October 10, 2018

Chevron Becomes First Oil Major To Exit Norway

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.

October 10, 2018

Eni To Acquire Half Of BP's Libya Assets

BP CEO Bob Dudley hailed the deal with Italy's Eni as an important step "towards returning to our work in Libya."

October 8, 2018

Ørsted Acquires Deepwater Wind For $510 Million

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.

October 8, 2018