Mergers, Acquisitions & Divestitures Archives -

BKV completes Barnett shale acquisition adding 65 MMcfe/d

September 16, 2026

(World Oil) – BKV Corp. has completed its previously announced acquisition of Barnett shale upstream, midstream and carbon capture assets, adding more than 65 MMcfe/d of production and approximately 117,000 net acres to its Texas portfolio. The transaction closed Sept. 15 following the satisfaction of customary closing conditions. Financial terms were not disclosed. BKV funded the acquisition with cash on

Borr Drilling divests Mexico joint venture stake, retains three jackup rigs

September 15, 2026

(World Oil) – Borr Drilling has agreed to divest its 51% equity interest in Mexican joint venture Perfomex to its longtime local partner while retaining ownership of three jackup rigs currently working for Pemex. Following the transaction, Borr’s local partner will become the sole owner of Perfomex and assume responsibility for managing and operating the Galar, Gersemi and Njord jackup rigs.

Tamarack Valley, Headwater to merge in $7.2-billion Canadian oil deal

September 8, 2026

(World) – Tamarack Valley Energy and Headwater Exploration have agreed to merge in an all-stock transaction valued at approximately US$7.2 billion (C$10 billion), creating the largest publicly traded pure-play producer in Alberta’s Clearwater oil play. Under the agreement, Headwater shareholders will receive one Tamarack common share for each Headwater share held. Tamarack will issue approximately 237.8 million shares, leaving existing Tamarack shareholders with 66.5% of

Comstock strikes $1.65 billion SOCAR deal, $450 million Haynesville drilling JV

September 2, 2026

(World Oil) – Comstock Resources has announced a proposed $1.65 billion strategic partnership with Azerbaijan’s SOCAR alongside a $450 million drilling venture backed by Jerry Jones, providing new capital to accelerate development of the company’s Legacy and Western Haynesville natural gas assets. Under a letter of intent, SOCAR would pay $1.65 billion in cash for a 20% non-operated working interest in Comstock’s Legacy Haynesville assets and a 15%

Chesapeake unit sells stake in $1.2 billion Florida gas pipeline project to NextEra

September 1, 2026

(BOE Report) – Chesapeake Utilities said on Tuesday its unit has sold a 49% stake in a $1.2 billion South Florida natural gas transmission infrastructure project to NextEra Energy Resources. The project, called Florida Energy Pathway, is designed to expand natural gas transportation capacity and address regional supply constraints, Chesapeake said. Here are more details: * Utilities have been investing

SLB to acquire Kelvion for $3.4 billion in data center infrastructure expansion

August 31, 2026

(World Oil) – SLB has agreed to acquire thermal management technology provider Kelvion for approximately $3.4 billion in cash, expanding the oilfield services company’s presence in data center infrastructure as artificial intelligence drives increased investment in power and cooling capacity. Under the agreement, SLB will acquire Kelvion from majority owner Apollo-managed funds and minority shareholder Triton. SLB will also assume approximately $700 million of debt.

TotalEnergies completes exit from Arctic LNG 2, transfers 10% stake

August 28, 2026

(World Oil) – TotalEnergies has completed the transfer of its 10% interest in the Arctic LNG 2 project to NordLine, a subsidiary of Novatek, formally ending its ownership in the project. The company had previously disclosed the planned transfer while reporting its second-quarter 2026 results. Following completion of the transaction, TotalEnergies is no longer a shareholder in Arctic LNG 2. Under the transfer agreement, TotalEnergies

Ovintiv adds 240 Permian, Montney drilling locations in $460-million acquisition push

August 27, 2026

(World Oil) – Ovintiv has entered into more than 60 transactions totaling approximately $460 million so far in 2026, adding about 41,000 net acres and 240 drilling locations across its Permian and Montney assets. The acquisitions are part of Ovintiv’s 2026 “ground game” program, which targets smaller transactions intended to expand and strengthen the company’s existing acreage positions. The 240 net locations include 190 base locations and 50

Comet Ridge acquires Santos stake, takes 100% control of Mahalo Gas Hub

August 24, 2026

(World Oil) – Comet Ridge has completed the acquisition of Santos’ 42.86% interest in the Mahalo Gas Project, giving the company 100% ownership and operatorship of the broader Mahalo Gas Hub in Queensland. The transaction follows an agreement announced in December 2025 and amended in May 2026. Comet Ridge paid Santos A$24.42 million in cash and issued 83.78 million Comet Ridge shares as

Continental Resources to acquire FireBird Energy, adding 32,000 boed in Permian

August 21, 2026

(World Oil) – Continental Resources has agreed to acquire FireBird Energy II LLC, adding approximately 32,000 boed of oil-weighted production and expanding the company’s position in the Permian basin. FireBird, a portfolio company of Quantum Capital Group, holds approximately 54,000 net acres in the Midland basin adjacent to Continental’s existing operations. Current production is 69% oil, and the acquired assets include 307 gross operated development locations across

Ecopetrol closes $1.2 billion Brava Energia acquisition in Brazil

August 19, 2026

(World Oil) — Ecopetrol has completed its approximately $1.2 billion acquisition of a controlling 51% stake in Brava Energia, significantly expanding the Colombian energy company’s upstream position in Brazil. The transaction closed following receipt of required regulatory approvals and combines shares acquired through a voluntary tender offer with shares purchased under an April agreement with existing Brava shareholders. Ecopetrol acquired approximately 25% of Brava’s outstanding shares

U.S. upstream M&A declines in Q2, but Permian demand remains robust

August 6, 2026

(World Oil) — U.S. upstream mergers and acquisitions slowed sharply in the second quarter as crude price volatility complicated deal valuations, but competition for premium Permian basin inventory remained strong and activity is expected to accelerate later this year, according to Enverus Intelligence Research (EIR). Total upstream M&A reached $9.1 billion during the quarter, down 76% from the first quarter and 33% from a

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