Acquisitions & Divestitures

US Offshore Wind Auction Sets Record

The auction for the three wind leases, leftovers from the 2015 Atlantic wind lease sale, offshore Massachusetts brought in a record $405 million in bids—each for about $135 million.

Dec 14 2018 - 2:13pm

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.

Dec 14 2018 - 9:16am

Linn Spinoff Riviera Resources Sells Arkoma Basin Assets

Riviera Resources, which formed this year through a spinoff from Linn Energy, said it agreed to sell its roughly 37,000 net-acre position in the Arkoma Basin.

Dec 13 2018 - 10:30am

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.

Dec 13 2018 - 7:55am

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.

Dec 13 2018 - 7:50am

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.

Dec 13 2018 - 7:45am

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.

Dec 12 2018 - 11:45am

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

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

Dec 12 2018 - 10:36am

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.

Dec 12 2018 - 8:45am

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.

Dec 12 2018 - 7:50am