Mergers, Acquisitions & Divestitures

bp reshapes portfolio with $10.1 billion Castrol sale, accelerating energy strategy shift

December 29, 2025

(World Oil)– bp has agreed to sell a majority controlling interest in its global lubricants subsidiary Castrol to Stonepeak in a transaction valuing the business at approximately $10.1 billion, marking one of the supermajor’s most significant portfolio shifts in recent years. bp will retain a 35% share in Castrol following closing, maintaining strategic linkage to the lubricants business while freeing

Harbour Energy enters U.S. Gulf with strategic $3.2 billion acquisition

December 22, 2025

(Oil Price)– Harbour Energy has agreed to buy Louisiana-based privately-held LLOG Exploration Company for $3.2 billion in a strategic deal that will establish a foothold for the UK-based oil and gas producer in the deepwater U.S. Gulf of Mexico. Harbour Energy on Monday announced that it has entered into an agreement to acquire LLOG Exploration Company LLC from LLOG Holdings LLC for

Cygnet Energy Ltd. and Kiwetinohk Energy Corp. announce completion of arrangement

December 19, 2025

(BOE Report)– Cygnet Energy Ltd. (“Cygnet“) and Kiwetinohk Energy Corp. (“Kiwetinohk“) (TSX: KEC) are pleased to announce the completion of the acquisition of Kiwetinohk by Cygnet. As previously announced, all outstanding common shares of Kiwetinohk (the “KEC Shares“) were acquired by Cygnet pursuant to a plan of arrangement under Section 192 of the Canada Business Corporations Act (the “Arrangement“) for $24.75 per KEC Share. As part of the

JAPEX secures DJ basin tight oil assets in $1.3-billion Verdad deal

December 19, 2025

(World Oil)– Japan Petroleum Exploration Co., Ltd. (JAPEX) has approved the acquisition of U.S. tight oil and gas assets through the purchase of all equity interests in Verdad Resources Intermediate Holdings LLC, marking a significant expansion of its North American upstream portfolio. The transaction will be executed via Peoria Resources Acquisition Company, LLC, an overseas subsidiary managed by Peoria Resources,

Why Canada’s hottest shale play is catching the eye of US producers

December 18, 2025

(BOE Report)– U.S. oil and gas producers in search of fresh drilling territory are looking to expand in Western Canada’s Montney basin, a remote yet massive shale play that is already a hotbed of M&A activity and could see more deals soon, according to executives, analysts and advisors. Extensive drilling in U.S. shale fields over the past 15 years or

Vista signals new Vaca Muerta shale M&A as it seeks shareholder approval

December 18, 2025

(World Oil)– Vista Energy SAB, one of Argentina’s top oil producers, is looking to acquire new assets in the booming Vaca Muerta shale patch and may fund a purchase by selling equity. Vista has called a shareholder meeting for Jan. 27 where it will propose carrying out one or more acquisitions, according to a regulatory filing. The meeting is not

Japan’s JAPEX buys US tight oil and gas assets in $1.3 billion deal

December 18, 2025

(BOE Report)– Japan Petroleum Exploration said on Thursday it will acquire Verdad Resources Intermediate Holdings LLC (VRIH), which owns tight oil and gas assets in the U.S. for $1.3 billion in its largest-ever deal. JAPEX will buy VRIH, which holds assets in Colorado and Wyoming, from Verdad Resources Feeder LLC using a mix of its own funds and debt. The

US investor group Kimmeridge offers $6 billion for gas driller Ascent Resources, FT reports

December 16, 2025

(BOE Report)– Activist investment firm Kimmeridge Energy Management has submitted a $6 billion offer to buy Ascent Resources, the Financial Times reported on Tuesday. The bid is the latest challenge to Ascent’s private equity backer Energy & Minerals Group’s (EMG) efforts to sell a more than 30% stake in the company from one of its funds to another, valuing Ascent

Shell explores partner sale for Brazil offshore Gato do Mato oil project

December 9, 2025

(World Oil) – Shell Plc is looking to sell a 20% stake in a Brazilian oilfield cluster to help fund the multibillion-dollar offshore development, according to people familiar with the process. The UK supermajor agreed to acquire TotalEnergies SE’s stake in the cluster earlier this year through an asset swap, and is looking to raise money while remaining operator, said the

NOG Announces $1.2 Billion Joint Acquisition with Infinity Natural Resources: Acquiring Premier Utica Upstream Assets with Fully Integrated, Scaled Midstream Assets; Considerably Enhances and Expands NOG Natural Gas Profile

December 8, 2025

(Oil & Gas 360) – HIGHLIGHTS NOG to partner with Infinity Natural Resources (“Infinity”) to purchase the Ohio Utica assets (the “Utica Assets”) of Antero Resources Corporation and Antero Midstream Corporation (collectively, “Antero”), for a combined unadjusted purchase price of $1.2 billion in cash (the “Purchase Price”) NOG’s non-operated interest will represent a 49% undivided ownership in the Utica Assets

Antero announces $2.8 billion Marcellus acquisition, Utica sale in strategic realignment

December 8, 2025

(World Oil) – Antero Resources has announced a sweeping portfolio realignment, unveiling a $2.8 billion agreement to acquire HG Energy II’s upstream assets in West Virginia’s core Marcellus Shale while simultaneously divesting its Ohio Utica position for $800 million. The transactions—paired with parallel midstream deals by Antero Midstream—mark one of the largest Appalachian basin restructurings in recent years. The company said the

Chevron takes 40% stake in TotalEnergies’ offshore Nigeria blocks

December 1, 2025

(World Oil) – TotalEnergies has strengthened its global exploration ties with Chevron following a new farmout agreement covering two offshore licenses in Nigeria’s West Delta basin. The company announced that its Nigerian subsidiary, TotalEnergies EP Nigeria, has agreed to transfer a 40% interest in exploration licenses PPL 2000 and PPL 2001 to Star Deep Water Petroleum Limited, a Chevron company. TotalEnergies will remain operator

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