Mergers, Acquisitions & Divestitures

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

ConocoPhillips explores $2-billion sale of Permian basin assets

February 23, 2026

(World Oil) – ConocoPhillips is exploring a sale of some of its Permian basin assets as part of a broader streamlining of its portfolio, according to people familiar with the matter. The assets, picked up over the years through deals with Concho Resources Inc. and Shell Plc, are expected to fetch about $2 billion, the people said, asking not to be

Asset Sales, debt reduction and gas growth mark Q4 E&P moves- oil and gas 3600

Asset Sales, debt reduction and gas growth mark some Q4 E&P moves

February 19, 2026

(By Oil & Gas 360) – Capital discipline continues to define strategy across the U.S. energy sector. SM Energy announced an agreement to sell its South Texas assets to Caturus Energy for $950 million, further streamlining its portfolio and reinforcing liquidity. The transaction reflects an industry trend toward concentrating capital in core operating areas while monetizing non-core positions. Occidental Petroleum

Occidental reduces debt after OxyChem sale, posts strong quarter

February 19, 2026

(World Oil) – Occidental Petroleum reported fourth-quarter 2025 production that exceeded guidance and continued balance sheet improvement following the sale of its OxyChem business, the company announced Tuesday. Total company production averaged 1.48 MMboed during the quarter, surpassing the high end of guidance, with strong contributions from the Permian basin and Rockies. U.S. Gulf and international production met expectations. Occidental generated

SM Energy to sell South Texas assets to Caturus Energy for $950 million

February 18, 2026

(World Oil) – SM Energy has entered into an agreement to sell certain South Texas assets to Caturus Energy (formerly Kimmeridge Texas Gas) for $950 million in cash, advancing the company’s effort to streamline its portfolio and reduce debt. The transaction includes approximately 61,000 net acres and about 260 producing wells in SM Energy’s southern Maverick basin position in Webb County, Texas, along with

Berkshire Hathaway’s PacifiCorp sells Washington assets for $1.9 billion

February 17, 2026

(Oil Price) – Portland General Electric Company has agreed to buy select power plants and utility operations of Berkshire Hathaway’s PacifiCorp in Washington State for $1.9 billion, the Portland-based firm said on Tuesday. The price of the acquisition represents a purchase price multiple of 1.4 times the estimated 2026 rate base. As part of the deal, Portland General Electric (PGE) will buy three

JERA closes $1.5-billion Haynesville shale acquisition in Louisiana

February 13, 2026

(World Oil) – JERA Co., Inc., through its subsidiary JERA Americas Inc., has completed its previously announced acquisition of upstream natural gas assets in the Haynesville shale of western Louisiana, expanding the company’s U.S. upstream and LNG-linked portfolio. The transaction gives JERA full ownership of the South Mansfield upstream asset, acquired from Williams and GeoSouthern Energy affiliates for an upfront investment of approximately $1.5 billion. The Haynesville

US energy producer Presidio plans first-of-kind $1 billion Goldman debt facility to fund deals

February 10, 2026

(BOE Report) – Presidio Investment Holdings is working with Goldman Sachs on a first-of-its-kind debt facility worth up to $1 billion to give the U.S. oil and gas producer a war chest to pursue acquisitions as it becomes a publicly listed company, Presidio’s executives told Reuters. The energy producer is set to list in the coming weeks via a combination

Canadian oilpatch expected to keep bulking up through mergers and acquisitions

February 10, 2026

(BOE Report) – CALGARY – Oilpatch advisers are expecting the wave of consolidation to continue after last year’s string of blockbuster Canadian deals, but whether foreign buyers are ready to jump into the fray remains an open question. Companies have seen the merit in bulking up through mergers and acquisitions as oil prices hover around the lacklustre US$60 per barrel mark,

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