Mergers, Acquisitions & Divestitures Archives -

Kosmos closes $127 million Equatorial Guinea asset divestment

June 17, 2026

(World Oil) – Kosmos Energy has completed the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy, advancing the company’s strategy to streamline its portfolio and strengthen its balance sheet. The final cash consideration totaled approximately $127 million following closing adjustments, with additional contingent payments of up to $40 million

Innovex to acquire Norway’s TCO Group for $95 million

June 15, 2026

(World Oil) — Innovex International has entered into an agreement to acquire Norway-based TCO Group in a cash-and-stock transaction valued at approximately $95 million, expanding its portfolio of well technologies and strengthening its presence in key international offshore markets. The transaction is expected to close early in the third quarter of 2026, subject to customary closing conditions. Founded in 1999 and headquartered in

Exxon reportedly evaluates Woodside as LNG acquisition target

June 15, 2026

(World Oil) – ExxonMobil is studying potential acquisition targets including Australia’s Woodside Energy Group, as the U.S. giant eyes options to deepen its presence in liquefied natural gas and Asian markets, according to people with knowledge of the matter. Exxon has been holding early-stage discussions internally, said the people, who asked not to be named as they are not allowed to speak

APA acquires North Slope infrastructure, adds acreage and production

June 10, 2026

(World Oil) – APA Corporation has agreed to acquire Savant Alaska, LLC in a deal that will give the company control of key production and transportation infrastructure supporting its growing position on Alaska’s eastern North Slope. The transaction includes approximately $70 million in upfront consideration, plus contingent payments tied to future development activities. APA said the acquisition is expected to improve development

360 Energy Pulse: What mattered this month in energy- oil and gas 360

360 Energy Pulse: What mattered this week in energy

June 5, 2026

(By Oil & Gas 360) – This week reminded markets that energy disruptions are rarely confined to the oil patch. Concerns over stalled U.S.–Iran negotiations, shrinking inventories, strained shipping routes, and growing LNG demand all pointed to the same reality: the world’s energy system remains vulnerable to supply shocks. While oil flows continue moving through Hormuz, the margin for error

May rewired global energy markets

May 31, 2026

(By Oil & Gas 360) – May was supposed to be about stabilization. Instead, it became another month dominated by geopolitical disruption, volatile oil prices, shifting LNG flows, accelerating energy consolidation, and rising concerns about the long-term reliability of global supply. At the center of nearly everything remained the Iran conflict and the continued disruption surrounding the Strait of Hormuz, one of

How a NextEra–Dominion deal gets done: What antitrust actually looks at, and what history says happens after

May 18, 2026

(Oil & Gas 360) By Greg Barnett – The proposed combination of NextEra Energy and Dominion Energy is the kind of transaction that immediately triggers a visceral reaction. The scale is enormous, the assets are critical to national infrastructure, and the timing coincides with a surge in electricity demand tied to artificial intelligence and data centers. The instinctive question is whether

U.S. upstream mergers hit $38B as M&A rebounds

May 18, 2026

(Oil Price) – Dealmaking in the U.S. shale patch jumped to a two-year high in the first quarter as M&A activity rebounded from a slump. U.S. upstream mergers hit $38 billion in Q1 2026, marking the highest quarterly total in two years despite a sharp slowdown in March due to a spike in volatility tied to the Middle East conflict. According

ConocoPhillips signs gas supply agreement for Alaska LNG project

May 18, 2026

(World Oil) – Glenfarne Group and ConocoPhillips Alaska have signed a gas sales precedent agreement supporting Phase One development of the Alaska LNG project, adding another long-term North Slope supply commitment to the proposed pipeline system. Under the 30-year agreement, ConocoPhillips will supply North Slope natural gas volumes for the first phase of the Alaska LNG project, which includes construction of a 739-mile, 42-in.

TotalEnergies targets Egypt deep offshore potential through new agreement

May 13, 2026

(World Oil) – TotalEnergies and Egyptian Natural Gas Holding Company have signed a memorandum of understanding (MoU) covering offshore exploration cooperation in northwestern Egypt as the companies continue evaluating deep offshore resource potential in the region. The agreement establishes a framework for technical cooperation and preliminary exploration activities across a large offshore area located in the northwestern part of Egypt’s

bp takes 40% stake in Uzbekistan’s North Ustyurt PSA

May 13, 2026

(World Oil) – bp has entered the North Ustyurt production sharing agreement (PSA) in Uzbekistan, acquiring a 40% participating interest in six exploration blocks alongside SOCAR and Uzbekneftegaz as the company expands its upstream exploration portfolio in Central Asia. The agreement covers the Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq and Qulboy blocks located in the North Ustyurt region of Uzbekistan. Under the transaction, bp acquired a

Devon Energy and Coterra Energy Complete Merger

May 7, 2026

(Oil & Gas 360) – OKLAHOMA CITY and HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) — Devon Energy Corporation (“Devon”) (NYSE: DVN) and Coterra Energy Inc. (“Coterra”) (NYSE: CTRA) today announced the successful completion of their previously announced all-stock merger (the “Transaction”), creating a premier large-cap shale operator with a high-quality asset base anchored by a leading position in the economic core

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