Acquisitions and Divestitures (A&D)

Source: Reuters

Analysis: Riding the oil price rebound: Gulf states to accelerate asset sales

Reuters


DUBAI – Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dollars through sales of stakes in energy assets, capitalising on a rebound in crude …

Source: World Oil

Shell courts multiple suitors for its $10B Permian shale portfolio

World Oil


(Bloomberg) –Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, which could be worth as much as $10 billion in a sale, people familiar with the matter …

Source: Reuters

Kinder Morgan to purchase renewable natural gas developer Kinetrex Energy

$310 million acquisition includes two small-scale, domestic LNG production and fuel…

Source: Reuters

Brookfield sweetens offer for Canada’s Inter Pipeline to $6.85 billion

Reuters


Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp.

Pembina has made an all-stock bid of about …

Source: Fox Business

Dominion Energy, Warren Buffett’s Berkshire Hathway Energy terminate Questar Pipeline sale

Fox Business

Dominion Energy and Warren Buffett’s Berkshire Hathaway Energy have agreed to terminate a planned sale of Questar Pipelines.

Dominion cited “ongoing uncertainty associated with achieving clearance from the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of …

Source: Reuters

Japanese oil producer eyes Canada divestment as M&A picks up

Investing.com


Japanese state-backed oil producer Japan Petroleum Exploration Co (Japex) is seeking a buyer for its 75% stake in the Hangingstone oil sands facility in Canada, two sources with direct knowledge of the matter told Reuters.

Several global oil majors …

Source: Reuters

Eni to buy Italian wind portfolio from Glennmont in green drive

Reuters


MILAN – Eni ENI.MI has agreed to buy one of the largest onshore wind portfolios in Italy from fund manager Glennmont Partners as part of plans to expand its green energy business.

The Italian energy group will buy a …

Source: Reuters

EXCLUSIVE Shell plans to exit California joint venture with Exxon Mobil -sources

Reuters


Royal Dutch Shell Plc (RDSa.L) plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp (XOM.N), four people familiar with the talks told Reuters.

Shell has divested numerous carbon intensive assets this year, …

Enverus acquires marginal unit to address power congestion, predictability and price impact

Enverus acquires marginal unit to address power congestion, predictability and price impact

Oil and Gas 360


Austin, Texas (June 29, 2021) — Enverus, a leading global energy data and SaaS technology company, announced today that it has acquired Marginal Unit Inc., a power market analytics firm that helps users understand the …

Source: Reuters

Shell buys BP’s stake in North Sea field, scrapping previous deal

Nasdaq


LONDON – Royal Dutch Shell RDSa.L said on Friday it had agreed to acquire BP’s BP.L 27.5% stake in the Shearwater North Sea gas field, raising its stake in the field to 55.5%.

 

Shell, which operates the Shearwater …

Source: Reuters

BHP divests oilfield stake in Gulf of Mexico for undisclosed sum

Reuters


Miner BHP Group BHP.AX sold its 35% stake in Neptune field in Gulf of Mexico to EnVen Energy Corp ENVN.N for an undisclosed sum, making the independent oil and gas company one of the largest operators of a major …

Private equity firm Hellman & Friedman acquires majority stake in Enverus

Private equity firm Hellman & Friedman acquires majority stake in Enverus

Nasdaq


April 13 – U.S. private equity firm Hellman & Friedman agreed to buy a majority stake in energy data and analytics provider Enverus from Genstar Capital, the companies said.

The deal values Enverus at $4.25 billion including debt, according …

Source: Reuters

Pioneer’s $6.4 billion deal for DoublePoint accelerates U.S. shale oil consolidation

Reuters


U.S. oil producer Pioneer Natural Resources agreed on Thursday to acquire privately-held rival DoublePoint Energy for about $6.4 billion, speeding up a consolidation of shale oil producers.

Oilfield rollups have accelerated this year as energy prices recover following last …

Ovintiv exceeds divestiture target, announces Eagle Ford sale and updates guidance

Ovintiv exceeds divestiture target, announces Eagle Ford sale and updates guidance

Oil and Gas 360


DENVERMarch 24, 2021 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced the signing of an agreement to sell its Eagle Ford assets to Validus Energy for $880 million. With this sale, …

Source: Reuters

Chevron announces agreement to acquire Noble Midstream Partners

Simplifies governance and corporate structure Enables further integration i…

Tamarack Valley Energy announces strategic Clearwater and Waterflood asset acquisitions, $55.0 million equity financing, appointment of new board member and Pro Forma 2021 guidance

Tamarack Valley Energy announces strategic Clearwater and Waterflood asset acquisitions, $55.0 million equity financing, appointment of new board member and Pro Forma 2021 guidance

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY …

NuVista Energy Ltd. executes non-core divestitures, reduces debt significantly, and provides production and operations update

NuVista Energy Ltd. executes non-core divestitures, reduces debt significantly, and provides production and operations update

CALGARY, Alberta, Feb. 25, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista…

Source: Houston Chronicle

Baker Hughes signs agreement to acquire ARMS Reliability to strengthen asset performance management portfolio

Baker Hughes


  • ARMS Reliability brings a broad range of industrial asset management solutions and expertise to build on Baker Hughes’ portfolio and service capabilities
  • Acquisition reinforces Baker Hughes’ commitment to accelerate the digital transformation of industrial assets, expanding reach in
Martin Midstream MMLP Divests Mega Assets to Stone Oil

Martin Midstream MMLP Divests Mega Assets to Stone Oil

Martin Midstream Partners L.P. MMLP announced the divestment of some of the assets related to its Mega Lubricants (or Mega) onshore terminals business to John W. Stone Oil Distributor, LLC, (“Stone Oil”) in a $22.4-million deal.

As an integrated manufacturing …

December 30, 2020 - 12:21 pm Acquisitions and Divestitures (A&D), Midstream
TransAtlantic Petroleum Approval of Agreement and Plan of Merger

TransAtlantic Petroleum Approval of Agreement and Plan of Merger

TransAntantic

HAMILTON, Bermuda, Dec. 18, 2020 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced that the Company’s shareholders have approved the Agreement and Plan of Merger (the “Merger Agreement”), by and …

Sale of the offshore construction & cable-lay vessel Connector

Sale of the offshore construction & cable-lay vessel Connector

Sale of the offshore construction & cable-lay vessel Connector STOCKHOLM,…

XcelPlus Acquires Waste-to-Energy Plasma Gasification Company

XcelPlus Acquires Waste-to-Energy Plasma Gasification Company

Reno, Nevada–(Newsfile Corp. – December 4, 2020) – XcelPlus International Inc. (OTC Pink: XLP…

Sasol Ethan Cracker Louisiana

Successful Completion of the Divestment of Sasol’s 50% Interest in the Lake Charles Chemical Project Base Chemicals Business; Covenant Amendment for 31 December 2020 and Sasol Investor Update

Successful Completion of the Divestment of Sasol’s 50% Interest in the Lake Charles Chemi…

GeoPark announces agreement to sell 10% working interest in the Manati gas field in Brazil

GeoPark announces agreement to sell 10% working interest in the Manati gas field in Brazil

360 Feed Wire

Bogota, Colombia – November 23, 2020 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil …

Talos Energy Announced As The Apparent High Bidder On Two Federal Lease Sale Blocks

Talos Energy Announced As The Apparent High Bidder On Two Federal Lease Sale Blocks

Talos Energy Announced As The Apparent High Bidder On Two Federal Lease Sale Blocks …

Savion sells 30-MW Virginia solar project to Falck Renewables and Eni US

Savion sells 30-MW Virginia solar project to Falck Renewables and Eni US

Savion

Savion announced it has reached a definitive agreement to sell the Westmoreland Solar Project in Westmoreland County, Virginia. Falck Renewables North America and Eni New Energy U.S., through Novis Renewables Holdings, a partnership with 51% and 49% shares respectively, …

Headwater Exploration Inc. Announces Receipt of Shareholder Written Consent for Transaction With Cenovus Energy Inc.

Headwater Exploration Inc. Announces Receipt of Shareholder Written Consent for Transaction With Cenovus Energy Inc.

Headwater Exploration Inc. Announces Receipt of Shareholder Written Consent for Transacti…

Cummins Closes on NPROXX Joint Venture for Hydrogen Storage

Cummins Closes on NPROXX Joint Venture for Hydrogen Storage

Cummins Inc. (NYSE: CMI) today announced that it closed on the previously announced N…

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Solar Integrated Roofing Signs Letter of Intent to Acquire Established HVAC Solutions Provider

El Cajon, California–(Newsfile Corp. – November 10, 2020) – Solar Integrated Roofing C…

Riverstone Holdings LLC Agrees to Buy International-Matex Tank Terminals from Macquarie Infrastructure Corporation

Riverstone Holdings LLC Agrees to Buy International-Matex Tank Terminals from Macquarie Infrastructure Corporation

Riverstone Holdings LLC Agrees to Buy International-Matex Tank Terminals from Macquarie I…