Mergers, Acquisitions & Divestitures Archives -

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

Diversified and Carlyle Partner to Acquire Assets from Camino Natural Resources

May 6, 2026

(Oil & Gas 360) – Bolt-On to a Contiguous Operating Position that Contains Meaningful Identified Synergies and Potential Upside from Large Undeveloped Location Inventory Innovative Asset-Backed Securitization (ABS) with Carlyle to Fund Purchase through Newly Created Special Purpose Vehicle (SPV) without Diversified Equity Issuance Diversified Energy Company (NYSE: DEC, LSE: DEC) (“Diversified” or the “Company”) in partnership with global investment firm

SM Energy closes $950 million South Texas asset sale

May 1, 2026

(Oil & Gas 360) – Publisher’s Note: SM Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026. Register to attend. (World Oil) – SM Energy Company has completed the sale of certain South Texas assets for $950 million, advancing the company’s broader portfolio repositioning strategy. The transaction delivers approximately $900 million in net proceeds and represents a major step toward SM Energy’s

Ares to acquire Rover natgas pipeline stake from Blackstone

April 29, 2026

(BOE Report) – Ares Management said it has acquired a stake in the Rover natural gas pipeline from a unit of fellow investment firm Blackstone for an undisclosed sum, as interest in U.S. energy infrastructure assets grows. In a statement sent to Reuters, Ares said funds led by its Infrastructure Opportunities strategy would buy 32.4% of Rover, a pipeline system

Shell to acquire ARC Resources in $13.6-billion deal to boost Canadian shale output

April 27, 2026

(World Oil) – Shell plc has agreed to acquire ARC Resources Ltd. in a deal valued at approximately $13.6 billion, or approximately $16.4 billion including debt. The deal significantly expands Shell’s position in Canada’s Montney shale and boosts long-term oil and gas production. The transaction will add roughly 370,000 boed of production to Shell’s portfolio and approximately 2 billion boe of proved plus probable reserves, strengthening its

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

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