Mergers, Acquisitions & Divestitures

Sasol Ethan Cracker Louisiana

Successful Completion of the Divestment of Sasol’s 50% Interest in the Lake Charles Chemical Project Base Chemicals Business; Covenant Amendment for 31 December 2020 and Sasol Investor Update

Successful Completion of the Divestment of Sasol’s 50% Interest in the Lake Charles Chemi…

Pacific Ethanol Closes Sale of its Idaho Grain Handling Facilities

Pacific Ethanol Closes Sale of its Idaho Grain Handling Facilities

SACRAMENTO, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) — Pacific Ethanol, Inc. (NASDAQ: …

December 1, 2020 - 6:38 am Mergers, Acquisitions & Divestitures, Press Releases
Contango Announces Signing of Agreement to Acquire Oily, Low Decline Assets in Big Horn, Permian, and Powder River Basins

Contango Announces Signing of Agreement to Acquire Oily, Low Decline Assets in Big Horn, Permian, and Powder River Basins

FORT WORTH, Texas, Nov. 30, 2020 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (N…

GeoPark announces agreement to sell 10% working interest in the Manati gas field in Brazil

GeoPark announces agreement to sell 10% working interest in the Manati gas field in Brazil

360 Feed Wire

Bogota, Colombia – November 23, 2020 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil …

BP  Backtracks  on  $3.2  Billion  Brazil  Offshore  Acquisition

BP Backtracks on $3.2 Billion Brazil Offshore Acquisition

Bloomberg

BP Plc is pulling the plug on two Brazilian deep-water discoveries it bought in 2011 as part of a $3.2 billion acquisition of Devon Energy Corp.’s exploration portfolio in Latin America’s biggest nation. Brazilian independent Petro Rio SA will …

Savion sells 30-MW Virginia solar project to Falck Renewables and Eni US

Savion sells 30-MW Virginia solar project to Falck Renewables and Eni US

Savion

Savion announced it has reached a definitive agreement to sell the Westmoreland Solar Project in Westmoreland County, Virginia. Falck Renewables North America and Eni New Energy U.S., through Novis Renewables Holdings, a partnership with 51% and 49% shares respectively, …

Headwater Exploration Inc. Announces Receipt of Shareholder Written Consent for Transaction With Cenovus Energy Inc.

Headwater Exploration Inc. Announces Receipt of Shareholder Written Consent for Transaction With Cenovus Energy Inc.

Headwater Exploration Inc. Announces Receipt of Shareholder Written Consent for Transacti…

Source: CNBC

Kimmeridge builds new positions in Ovintiv, PDC Energy and Cimarex

OAG360 Publishers Note: Kimmeridge, officially Kimmeridge Energy Management Co., announced yesterday 3 new positions accounting for $62 million

  • PDC Energy
  • Cimarex Energy
  • Ovintiv (artist formerly known as Encana)

The New York based private equity firm was quoted in Bloomberg …

Petrobras to shed 50 pct stake in Marlim cluster – Will help balance sheet

Petrobras to shed 50 pct stake in Marlim cluster – Will help balance sheet

offshore-energy

Brazilian oil major Petrobras has launched an opportunity disclosure stage (teaser) for the sale of its 50 per cent in offshore oil fields known as the Marlim Cluster in the Campos Basin, offshore Brazil.

Petrobras said it was looking …

November 17, 2020 - 4:53 am Mergers, Acquisitions & Divestitures, Offshore
Highwood Oil Company Ltd. Announces the Strategic Divestiture of Red Earth Property

Highwood Oil Company Ltd. Announces the Strategic Divestiture of Red Earth Property

Highwood Oil Company Ltd. Announces the Strategic Divestiture of Red Earth Property …

November 13, 2020 - 8:17 pm Mergers, Acquisitions & Divestitures, Press Releases
Cummins Closes on NPROXX Joint Venture for Hydrogen Storage

Cummins Closes on NPROXX Joint Venture for Hydrogen Storage

Cummins Inc. (NYSE: CMI) today announced that it closed on the previously announced N…

Southwestern Energy purchases Montage Resources, increase borrowing base to $2B

Southwestern Energy purchases Montage Resources, increase borrowing base to $2B

OAG360 Publishers Note: More information coming, watch our Energy News Beat at 2 PM daily for more analysis

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SPRING, Texas–(BUSINESS WIRE)–Southwestern Energy Company (NYSE: SWN) today announced that it has completed the acquisition of Montage Resources

Inter Pipeline Closes Majority Sale of its European Storage Business

Inter Pipeline Closes Majority Sale of its European Storage Business

Inter Pipeline Closes Majority Sale of its European Storage Business Canada New…

November 12, 2020 - 8:30 pm Mergers, Acquisitions & Divestitures, Press Releases, Storage
Tullow completes $575 million sale of Uganda assets to Total

Tullow completes $575 million sale of Uganda assets to Total

360 Feed Wire

10 November 2020 – Tullow Oil plc (Tullow) is pleased to announce that the sale of its assets in Uganda to Total has completed with $500 million consideration received earlier today. Tullow is also due to receive …

Riverstone Holdings LLC Agrees to Buy International-Matex Tank Terminals from Macquarie Infrastructure Corporation

Riverstone Holdings LLC Agrees to Buy International-Matex Tank Terminals from Macquarie Infrastructure Corporation

Riverstone Holdings LLC Agrees to Buy International-Matex Tank Terminals from Macquarie I…

Headwater Exploration Inc. Announces Transformational Transaction With Cenovus Energy Inc. and Third Quarter Operating and Financial Results

Headwater Exploration Inc. Announces Transformational Transaction With Cenovus Energy Inc. and Third Quarter Operating and Financial Results

Headwater Exploration Inc. Announces Transformational Transaction With Cenovus Energy Inc…

Bonanza Creek buys HighPoint for $376 million after closing Chapter 11

Bonanza Creek buys HighPoint for $376 million after closing Chapter 11

OAG360 Publishers Note: This merger creates a major DJ basin player, and analysts at www.oilandgas360 love BCEI, mininal debt, good mangents. LONG THIS DEAL. For more analysis of this deal, check out our Energy News Beat this afternoon

The

Source: Reuters

Hess Completes Sale of Interests in Shenzi Field, Gulf of Mexico

Hess Corporation (NYSE: HES) announced today that it has completed the previously annou…

Rumor – Total looks to sell its stakes in a number of oil fields in Angola – helps cashflow and change of direction

Rumor – Total looks to sell its stakes in a number of oil fields in Angola – helps cashflow and change of direction

EnergyMix

Total intends to sell the shares it holds in certain oil fields in Angola in order to concentrate more on larger and more profitable fields. This should above all facilitate the transition to renewable energies within the company.

According …

Clearway Energy, Inc. Reports Third Quarter 2020 Financial Results

Clearway Energy, Inc. Reports Third Quarter 2020 Financial Results

Signed agreements with Clearway Group (CEG) to acquire the Repowered 160 MW Langford Wi…

Chesapeake Utilities Corporation Subsidiary Acquires Western Natural Gas Company

Chesapeake Utilities Corporation Subsidiary Acquires Western Natural Gas Company

Chesapeake Utilities Corporation Subsidiary Acquires Western Natural Gas Company …

Denbury Reacquires the NEJD and Free State CO2 Pipelines

Denbury Reacquires the NEJD and Free State CO2 Pipelines

PLANO, Texas, Nov. 04, 2020 (GLOBE NEWSWIRE) — Denbury Inc. (NYSE: DEN) (“Denbury&#…

Shell to divest 8 refineries from its portfolio -that will help cashflow

Shell to divest 8 refineries from its portfolio -that will help cashflow

BIC

Shell plans to reduce its refinery portfolio to six sites from 14 by 2025, the company said on Thursday in its third-quarter results announcement for 2020.

The company said it will transform its refining portfolio from the current 14 …

Leading Pipeline Company, Energy Transfer, to Purchase Low-Cost Power from Recurrent Energy’s Maplewood 2 Solar Project, Now Under Construction in West Texas

Leading Pipeline Company, Energy Transfer, to Purchase Low-Cost Power from Recurrent Energy’s Maplewood 2 Solar Project, Now Under Construction in West Texas

Energy Transfer and Recurrent Energy Demonstrate the Benefits of a Symbiotic Relation…

Source: Reuters

Baker Hughes enters renewable technology space, acquiring carbon capture company Compact Carbon Capture (3C)

OAG360 Publishers Note: Major shift from a US service provider, but OAG360 likes the deal.  Oilfield service should be leaders in technology, and as we say everyday on our Energy News Beat show, capital is being tied heavily …

Lufkin Industries Acquires North American Rod Lift Business of Schlumberger N.V.

Lufkin Industries Acquires North American Rod Lift Business of Schlumberger N.V.

Lufkin Industries Acquires North American Rod Lift Business of Schlumberger N.V. …

NuStar Energy Announces Sale of Its Texas City Terminals to BWC Terminals

NuStar Energy Announces Sale of Its Texas City Terminals to BWC Terminals

Proceeds to Be Used to Improve Debt Metrics and Self-funding of Capital Program …

Xebec Expands Cleantech Service Network with Acquisition of Pennsylvania Based The Titus Company

Xebec Expands Cleantech Service Network with Acquisition of Pennsylvania Based The Titus Company

– Fifth acquisition in Xebec’s strategy to rapidly expan…

Dominion Energy Closes on Sale of Majority of Gas Transmission & Storage Assets

Dominion Energy Closes on Sale of Majority of Gas Transmission & Storage Assets

Dominion Energy Closes on Sale of Majority of Gas Transmission & Storage Assets …

Shell Acquires Full Control of Chinese Gas Station Joint Venture

Shell Acquires Full Control of Chinese Gas Station Joint Venture

Bloomberg

Oil & Gas 360 Publishers Note: This purchase seems to fly in the opposite direction from the Shell’s charted course – Now if they are planning to retro-fit to electric or hydrogen filling stations, this might be just the