Mergers, Acquisitions & Divestitures

Ovintiv completes $3-billion Anadarko asset sale, advances debt reduction

April 10, 2026

(World Oil) – Ovintiv Inc. has completed the previously announced sale of its Anadarko Basin assets in Oklahoma for $3.0 billion, marking a key step in the company’s portfolio repositioning. After customary closing adjustments, net proceeds from the transaction are expected to total approximately $2.85 billion. The company said the divestment supports its strategy to streamline operations and strengthen its balance sheet. Ovintiv

UAE investment firm buys U.S. midstream gas assets for $2.25 billion

March 31, 2026

(Oil Price) – 2PointZero, an Abu Dhabi-based investment company focused on energy infrastructure, has signed a deal to buy 100% in U.S. firm Traverse Midstream Partners, owner of minority stakes in natural gas pipelines, for $2.25 billion. 2PointZero, led by Sheikh Tahnoon bin Zayed Al Nahyan, the Deputy Ruler of Abu Dhabi, entered in the deal through its subsidiary E Point

TotalEnergies completes UK North Sea merger, creating largest independent producer

March 30, 2026

(World Oil) – TotalEnergies has completed the merger of its UK North Sea upstream assets with NEO NEXT, forming a new entity—NEO NEXT+—that is set to become the largest independent oil and gas producer on the UK Continental Shelf (UKCS). Under the transaction, TotalEnergies will hold a 47.5% stake in the combined company. NEO NEXT+ is expected to deliver production exceeding 250,000

Buccaneer Energy expands Texas output with Carlisle-1 well acquisition

March 17, 2026

(World Oil) – Buccaneer Energy has acquired a 100% working interest in the Carlisle-1 well in the Pine Mills field, East Texas, strengthening its position in the Fouke area and increasing near-term production and cash flow. The well is currently producing about 25 bopd, lifting the company’s total output to approximately 155 bopd. Carlisle-1 benefits from low operating costs of about $6.23/bbl and

Battalion Oil Expands Monument Draw Position With Strategic Acquisition from Sundown

March 10, 2026

Oil & Gas 360) – Houston, Texas, March 10, 2026 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced that it has entered into a Purchase and Sale Agreement (“PSA”) to acquire certain oil and gas assets, comprising 7,090 net acres located in Ward County, Texas (the “Assets”), from RoadRunner Resource Holding LLC (formerly,

Parex makes $500 million bid for Frontera’s Colombia upstream assets

March 6, 2026

(World Oil) – Frontera Energy said it has received a binding offer from Parex Resources to acquire the company’s upstream oil and gas assets in Colombia, determining that the proposal constitutes a “superior proposal” to its previously announced agreement to sell the same assets to GeoPark. Under the Parex offer, the company would acquire Frontera’s Colombian exploration and production business for $500 million in cash at closing,

Devon–Coterra deal signals investors still rule the shale patch

March 3, 2026

(Oil Price) – Last month’s announcement that Devon Energy and Coterra Energy are merging to create a $58-billion giant is the latest mega-deal in the U.S. shale patch, signaling smaller public companies are seeking multi-basin, multi-year increases in drilling opportunities. In early February, Devon Energy and Coterra Energy announced a definitive agreement to merge and create a premier shale operator in

BlackRock, EQT to acquire AES Corp. in $33.4B deal

March 2, 2026

(Oil Price) – A consortium led by BlackRock’s Global Infrastructure Partners (GIP) and U.S. gas giant EQT Corp. (NYSE:EQT) have agreed to acquire global power utility, AES Corp. (NYSE:AES), for $15 per share in cash, totaling an enterprise value of approximately $33.4 billion. The deal, which includes major pension and investment funds, represents a ~40% premium for AES shares and includes the assumption of debt with a

Venezuela cancels Halliburton asset sale after U.S. intervention to support oil sector restart

February 27, 2026

(World Oil) – Venezuela canceled an auction of assets seized from Halliburton Co. after the Trump administration intervened to stop the sale, as President Donald Trump seeks to smooth the return of U.S. oil companies to the South American country. U.S. government officials pressed Venezuela’s new leader to cancel the auction after a Halliburton executive met Trump and raised the issue

$5 billion pipeline deal could be coming to the Gulf Coast

February 26, 2026

(Oil Price) – Texas-based EnCap Flatrock Midstream is considering a sale of gas pipeline operator Momentum Midstream in a deal that could fetch $5 billion. According to a Bloomberg report citing unnamed sources, the venture capital firm is currently talking with financial advisers to find a buyer. The sources noted that talks are in their early stages and EnCap Flatrock Midstream may

Exclusive-US slows sale of Lukoil assets to pressure Russia in Ukraine peace talks

February 26, 2026

(Investing) – WASHINGTON – The United States has slowed the sale of Russian oil giant Lukoil’s international assets to pressure Russia in the Ukraine peace talks, according to four sources familiar with the discussions. On Thursday, the U.S. Office of Foreign Assets Control will extend the February 28 deadline to April 1 for deals to be concluded, an OFAC document reviewed

MCM Energy grows Permian position with Battalion asset purchase and new financing

February 25, 2026

(World Oil) – MCM Energy Partners has completed its acquisition of crude oil and natural gas assets in the Delaware basin from Battalion Oil Corporation, expanding its operated footprint in the core of the Permian basin and adding new development inventory in West Texas. The assets, located in the West Quito Draw area of Ward County, Texas, include approximately 6,207 net acres

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