Mergers, Acquisitions & Divestitures – Page 4

Baker Hughes wins shareholdernod for $13.6 B Chart Industries takeover

October 6, 2025

(Oil Price) – Chart Industries shareholders have approved the company’s $13.6-billion all-cash sale to Baker Hughes, positioning the Houston-based energy technology giant at the center of the expanding markets for both LNG and industrial gases, Reuters reports. The vote, held Monday, follows regulatory filings confirming that Baker Hughes will pay $210 per share in cash, with closing targeted for mid-2026, pending

MEG Shareholders Set to Vote on Critical Decision – Cenovus vs. Strathcona vs. Going it Alone

October 3, 2025

(BOE Report)– The contest for MEG Energy is entering its final stages, with two competing bids on the table and shareholders set to vote in October. The upcoming votes will determine whether MEG is acquired by Cenovus, taken over by Strathcona, or remains independent. Key Dates Ahead Several important dates now define the timeline: October 7: Proxy voting deadline for MEG shareholders

BP and Total deepen commitments to US with major projects

September 29, 2025

(Investing) – HOUSTON/LONDON -European oil and gas majors BP and TotalEnergies on Monday deepened their commitments to the United States, with BP approving a $5 billion offshore oil field and TotalEnergies buying into an onshore gas field. Higher investment in U.S. oil and gas production aligns with U.S. President Donald Trump’s goal to capitalise on the country’s hydrocarbon resources. BP, which currently produces

Occidental Petroleum in talks to sell OxyChem unit for at least $10 billion

September 29, 2025

(World Oil) – Occidental Petroleum Corp. is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday. The divestment would be the U.S. company’s biggest yet and would create one of the world’s largest standalone petrochemical companies, according to the FT, which cited two people familiar with the matter

Eni Sells 30% in Cote d’Ivoire oil and gas project to top trader

September 25, 2025

(Oil Price) – Eni has completed the sale of 30% in the giant operational Baleine oil and gas project offshore Cote d’Ivoire to the world’s biggest independent oil trader, Vitol, the Italian energy major said on Thursday. The Baleine project is Cote d’Ivoire’s main offshore development and after the transaction is now owned by Eni with a 47.25% stake, Vitol with 30%, and

Chevron expects up to $400 million quarterly impact from Hess deal

September 25, 2025

(BOE Report) – Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third quarter due to the impact related to the acquisition of Hess. Chevron closed its $55 billion buyout of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.

Parkland, Sunoco clear key U.S. regulatory hurdle for acquisition

September 22, 2025

(BOE Report) – CALGARY – Parkland Corp. and Sunoco LP say they have cleared a key U.S. antitrust hurdle in a US$9.1-billion deal that would see the U.S. fuel distribution giant buy the Calgary-based refiner and retailer. The two companies say the waiting period has expired under the Hart-Scott-Rodino Act, satisfying one regulatory approval that’s needed for the deal to

Ecopetrol targets Brazil’s onshore oil and gas, eyes Petrobras Bahia Terra cluster

September 19, 2025

(World Oil)– Colombian oil producer Ecopetrol SA is pursuing oil and gas deals in Brazil that could include a cluster of onshore Petrobras fields in the northeastern state of Bahia. “We believe that Brazilian onshore has great potential, especially in natural gas,” Jorge Martínez, the head of Ecopetrol’s operations in Brazil, said in an interview from the company’s offices in

California Resources Corporation announces all-stock combination with Berry Corporation

September 15, 2025

(Oil & Gas 360) – LONG BEACH, Calif. and DALLAS, Sept. 15, 2025 (GLOBE NEWSWIRE) — California Resources Corporation (NYSE: CRC) (“CRC”) and Berry Corporation (NASDAQ: BRY) (“Berry”) jointly announced today their entry into a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million, inclusive of Berry’s net debt1. Under the terms of the merger

MEG Energy rejects Strathcona’s latest bid in favor of Cenovus cash deal

September 15, 2025

(World Oil) – MEG Energy Corp.’s board turned down Strathcona Resources Ltd.’s sweetened offer to buy the oil sands producer, recommending that shareholders stick with a rival offer from Cenovus Energy Inc. Strathcona, controlled by former investment banker Adam Waterous, last week offered 0.8 of a share for each share of MEG, valuing the Calgary-based target at around C$7.6 billion

$215 million merger forms Greenland Energy to unlock Arctic drilling potential

September 12, 2025

(World Oil) – Pelican Acquisition Corporation has signed a definitive merger agreement with Greenland Exploration Limited and March GL Company, creating Greenland Energy Company. The move positions the new entity as the first U.S. public company dedicated to advancing oil and gas development in Greenland’s Jameson Land Basin, a region long considered one of the most promising undrilled hydrocarbon basins

Diversified Energy acquires Canvas in $550 million deal to boost Oklahoma production

September 9, 2025

(World Oil)– Diversified Energy Company Plc will acquire Canvas Energy in a $550 million deal that significantly expands the company’s producing assets and acreage positions in Oklahoma. Approximately 23 high-quality producing wells are included in the acquisition. The deal complements Diversified’s existing Oklahoma asset portfolio and is underpinned by high EBITDA margins(a) of ~70%, contributing an estimated $155 million of

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