Acquisitions and Divestitures (A&D)

Source: Reuters

BP increases stake in solar energy firm Lightsource BP

Reuters


LONDON – BP (BP.L) is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday.

European oil …

Sempra Energy to sell its Peruvian business to China Yangtze for $3.59 billion

Sempra Energy to sell its Peruvian business to China Yangtze for $3.59 billion

Sempra Energy (NYSE: SRE) today announced that it has entered into an agreement to sell its equity interests in its Peruvian businesses, including its 83.6% stake in Luz del Sur S.A.A. (Luz del Sur), to China Yangtze …

Oxy completes sale of Mozambique LNG to Total for $3.9 billion

Oxy completes sale of Mozambique LNG to Total for $3.9 billion

Occidental Completes Sale of Anadarko’s Mozambique LNG Stake to Total Seven Weeks After Closing the Anadarko Transaction

Oxy completes sale of Mozambique LNG to Total for $3.9 billion - oil and gas 360

Occidental Petroleum Corporation (“Occidental” or “the Company”) (NYSE: OXY) today provided an update on its divestiture and deleveraging initiatives following the recent close …

Tailwater Capital Announces Commitment of $150 Million to Triten Energy Partners

Tailwater Capital Announces Commitment of $150 Million to Triten Energy Partners

Commitment Furthers Tailwater’s Downstream-Adjacent Investment Strategy

Tailwater Capital LLC (“Tailwater”), an energy-focused private equity firm based in Dallas, today announced an equity commitment of $150 million to Triten Energy Partners (“TEP”, “Triten” or the “Company”), a newly established Company based …

Talos Energy Announces Transactions With BP, ExxonMobil

Talos Energy Announces Transactions With BP, ExxonMobil

Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced that it has entered into two separate agreements with BP plc (“BP”) and Exxon Mobil Corporation (“ExxonMobil”) related to new exploration opportunities in the U.S. Gulf of Mexico. …

Source Reuters

Exclusive: Exxon agrees $4 billion sale of Norway oil and gas assets – sources

From Reuters


Exxon Mobil (XOM.N) has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a century ago, three sources familiar …

Source: Reuters

Exxon, Chevron see consolidation in top U.S. shale field

From Reuters


The two largest U.S. oil and gas companies on Tuesday left the door open for more acquisitions in the country’s top shale field.

Exxon Mobil Corp (XOM.N) expects to see industry consolidation to happen “over some …

Source: Concho Resources

Concho Resources to sell strip of New Mexico assets for $925 million

From Reuters


U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell a portion of its New Mexico assets for $925 million to KKR-backed Spur Energy Partners LLC and plans to use the money to lower …

BP Divests Alaska for $5.6 Billion

BP Divests Alaska for $5.6 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

BP sells its entire Alaskan business to Hilcorp for a total consideration of $5.6 billion
BP (stock ticker: BP), through its subsidiary BP Alaska, has agreed to sell its entire business

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Source: Solaris Water Midstream

H2O Midstream Acquires Sabalo Energy Assets, Closes 15-Year Agreement

By Tyler Losier, Energy Reporter, Oil & Gas 360

H2O Midstream purchases produced water infrastructure from Sabalo Energy and executes a 15-year acreage dedication
H2O Midstream LLC, a water infrastructure company based in Houston, has acquired produced water infrastructure from

Source: Pembina Pipeline Corporation

Pembina to Acquire Kinder Morgan Canada and Cochin Pipeline for CAD $4.35 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion
Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of

Source: Ashtead Technology

Forum Energy Technologies Sells Ashtead Technology

By Tyler Losier, Energy Reporter, Oil & Gas 360

Forum Energy Technologies to sell its aggregate 40% interest in Ashtead Technology for $39 million
Forum Energy Technologies Inc. (stock ticker: FET), a global oilfield products company, has entered into a

Source: NGL Energy Partners

NGL Energy Partners Makes $300 Million Divestiture

By Tyler Losier, Energy Reporter, Oil & Gas 360

NGL Energy Partners sells TransMontaigne Product Services for $300 million
NGL Energy Partners LP (stock ticker: NGL), a vertically integrated midstream company, has signed a definitive agreement to sell TransMontaigne Product

Brazil’s Petrobras Sells Off $320 Million Hedge Position as Crude Falls

Brazil’s Petrobras Sells Off $320 Million Hedge Position as Crude Falls

From Reuters


Brazil’s Petroleo Brasileiro SA sold its entire oil hedge position amid a sharp fall in crude prices, the company said in a filing on Wednesday night, saying it has eliminated uncertainties regarding its cash flow thanks in part …

Source: Caliber Midstream

Caliber Midstream Makes North Dakota Acquisition

By Tyler Losier, Energy Reporter, Oil & Gas 360

Caliber Midstream acquires North Dakota assets from American Midstream Partners
Caliber Midstream Holdings L.P., headquartered in Denver, Colorado, has acquired crude oil gathering and transportation assets in McKenzie county, North Dakota

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

By Tyler Losier, Energy Reporter, Oil & Gas 360

Alliance Resource Partners Acquires $145 million worth of Permian mineral interests from Wing Resources
Alliance Resource Partners L.P. (stock ticker: ARLP), a diversified natural resource company based in Tulsa, Oklahoma, has

Icahn Enterprises Completes Sale of Brazilian Resource Company

Icahn Enterprises Completes Sale of Brazilian Resource Company

By Tyler Losier, Energy Reporter, Oil & Gas 360

Icahn Enterprises closes sale of Ferrous Resources to Vale S.A. for $550 million
Icahn Enterprises L.P. (stock ticker: IEP), a conglomerate company owned by American investor Carl Icahn, has closed on

Source: CSV Midstream Solutions

Paramount Resources Closes Sale of Karr 6-18 Nat Gas Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Paramount Resources completes divestiture of its Karr 6-18 facility to CSV Midstream Solutions
Paramount Resources Limited, a liquids-focused independent E&P based in Calgary, has completed the sale of its Karr 6-18

Photo by Mike Goldwater"

UGI Subsidiary Closes on Columbia Midstream Deal

By Tyler Losier, Energy Reporter, Oil & Gas 360

UGI Energy Services completes acquisition of TC Energy subsidiary Columbia Midstream
UGI Energy Services LLC, a subsidiary of UGI Corporation (stock ticker: UGI), has completed its previously announced acquisition of the

Source: Royal Dutch Shell

Shell Invests in New Deep-Water Gulf of Mexico Project, Sells Assets to Equinor and Noreco

By Tyler Losier, Energy Reporter, Oil & Gas 360

Shell Offshore Inc. makes final investment decision for PowerNap deep-water project in U.S. Gulf
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc (stock ticker: RDS-A, RDS-B), has reached a

Toronto's Portlands Energy Centre (source: CNW Group/Ontario Power Generation Inc.)

TC Energy to Sell Ontario Natural Gas-Fired Power Plants for US $2.18 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

TC Energy to sell three natural gas-fired power plants to Ontario Power Generation subsidiary for USD $2.18 billion
TC Energy Corporation (stock ticker: TRP), an energy infrastructure company based out of

Source: Lagoon Water Solutions

Continental Resources Divests STACK Water Handling Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Continental Resources sells STACK water handling facility to Lagoon Water Solutions for $85 million
Continental Resources (stock ticker: CLR), an Oklahoma City-based independent E&P, is selling its eastern STACK water gathering

Harvest Oil & Gas Divests Barnett Shale

Harvest Oil & Gas Divests Barnett Shale

By Tyler Losier, Energy Reporter, Oil & Gas 360

Harvest Oil & Gas sells Barnett shale assets for $72 million
Harvest Oil & Gas Corporation (stock ticker: HRST), formerly EV Energy Partners L.P., has entered into a definitive agreement with

Qatar Petroleum Buys Stake in Total’s Guyana Assets

Qatar Petroleum Buys Stake in Total’s Guyana Assets

From Reuters


Qatar Petroleum said on Monday it had agreed a deal with Total (TOTF.PA) to acquire a stake in the French energy giant’s two oil and gas blocks offshore Guyana.

Qatar Petroleum said it will hold 40% …

Source: Lime Rock Resources

Buyer Revealed in Range’s $634 Million Appalachian Asset Sale

By Tyler Losier, Energy Reporter, Oil & Gas 360

Lime Rock Resources purchases 350,000 net surface acres of overriding royalty interests from Range Resources Corporation

Lime Rock Resources, the E&P arm of private equity firm Lime Rock Partners, has closed

Source: Wintershall Dea

Wintershall Partners with ConocoPhillips in Argentina’s Vaca Muerta

By Tyler Losier, Energy Reporter, Oil & Gas 360

German E&P Wintershall Dea teams up with ConocoPhillips to develop Argentina’s Neuquén Basin
Wintershall Dea, a German-based E&P with a global asset portfolio, has signed a sales and purchase agreement (SPA)

Cuda Oil and Gas Divests Quebec for US $8.05 Million

Cuda Oil and Gas Divests Quebec for US $8.05 Million

By Tyler Losier, Energy Reporter, Oil & Gas 360

Cuda Oil and Gas to sell all of its Quebec assets for a transaction value of US $8.05 Million
Cuda Oil and Gas Inc. (stock ticker: CUDA), a Calgary-based E&P with

Range Sells Appalachian Assets for $634 Million

Range Sells Appalachian Assets for $634 Million

By Tyler Losier, Energy Reporter, Oil & Gas 360

Range sells royalties in 350,000 net surface acres for $600 million, 20,000 non-producing acres for $34 million
Range Resources Corporation (stock ticker: RRC), a Fort Worth-based independent E&P, has agreed to

Source: Sundance Energy

Sundance Energy Divests ~$30 Million Worth of Texas Assets

By Tyler Losier, Energy Reporter, Oil & Gas 360

Sundance Energy sells Dimmit county assets for $29.5 Million
Sundance Energy Australia Limited (stock ticker: SNDE), along with its wholly-owned Denver-based subsidiary Sundance Energy Inc., has entered into a definitive agreement