Mergers, Acquisitions & Divestitures

Fisker Inc. To List On NYSE Through Merger With Apollo Affiliated Spartan Energy Acquisition Corp.
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Fisker Inc. To List On NYSE Through Merger With Apollo Affiliated Spartan Energy Acquisition Corp.

– Transaction to provide more than $1 billion of gross proceeds to the company, including…

Chesapeake Utilities Corporation Announces Maryland PSC Approval of Elkton Gas Acquisition

Chesapeake Utilities Corporation Announces Maryland PSC Approval of Elkton Gas Acquisition

DOVER, Del. , July 9, 2020 /PRNewswire/ — Chesapeake Utilities Corporation (Chesape…

Tamarack Valley Energy Announces Strategic Asset Acquisition in West Central, Alberta & Updated 2020 Pro Forma Guidance

Tamarack Valley Energy Announces Strategic Asset Acquisition in West Central, Alberta & Updated 2020 Pro Forma Guidance

Tamarack Valley Energy Announces Strategic Asset Acquisition in West Central, Alberta & Updated 2020 Pro Forma Guidance

Dominion Energy Agrees to Sell Gas Transmission, Storage Assets to Berkshire Hathaway Energy– Strategic Repositioning Toward ‘Pure-Play’ State-Regulated, Sustainability-Focused Utility Operations
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Dominion Energy Agrees to Sell Gas Transmission, Storage Assets to Berkshire Hathaway Energy– Strategic Repositioning Toward ‘Pure-Play’ State-Regulated, Sustainability-Focused Utility Operations

RICHMOND, Va. , July 5, 2020 /PRNewswire/ — Dominion Energy (NYSE: D) today announc…

BGBS & SK E&S will enter into Joint Ventures to scale up natural gas business in the PRC

BGBS & SK E&S will enter into Joint Ventures to scale up natural gas business in the PRC

HONG KONG , July 6, 2020 /PRNewswire/ —  Beijing Gas Blue Sky Holdings Limited …

TGI Enters into Definitive Agreement to Acquire Interest in Lucent Energy Management
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TGI Enters into Definitive Agreement to Acquire Interest in Lucent Energy Management

NORTH BRUNSWICK, NJ / ACCESSWIRE / July 2, 2020 / TGI SOLAR POWER GROUP INC. (OTC PINK:TSPG)…

O3 Energy, UPower, and AVANA Capital have teamed up to build a portfolio of 7.5 mW Utility-Scale Solar Projects throughout Texas for several rural Co-ops.
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O3 Energy, UPower, and AVANA Capital have teamed up to build a portfolio of 7.5 mW Utility-Scale Solar Projects throughout Texas for several rural Co-ops.

DALLAS , July 2, 2020 /PRNewswire/ — Solar industry leaders O3 Energy and UPower…

Source: Reuters

Sasol to sell Escravos gas-to-liquids plant to Chevron

Reuters


South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron for an undisclosed sum.

The world’s top manufacturer of motor fuel from coal said it …

Appalachian Gas Deals Buoy Sinking M&A

Appalachian Gas Deals Buoy Sinking M&A

360 Feed Wire


Q2 upstream deals totaled $2.6 billion, more than a 200% increase over Q1

Austin, Texas (July 1, 2020) – Enverus, the leading oil & gas SaaS and data analytics company, has released its summary of Q2 2020 …

Chevron Completes Acquisition of Puma Energy (Australia) Holdings Pty Ltd

Chevron Completes Acquisition of Puma Energy (Australia) Holdings Pty Ltd

Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, today announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd for the …

bp agrees to sell its petrochemicals business to INEOS

bp agrees to sell its petrochemicals business to INEOS

360 Feed Wire


bp today announced that it has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic step in reinventing bp, will …

Jadestone Energy Inc. Announces Acquisition of Operated 90% Interest in Lemang PSC

Jadestone Energy Inc. Announces Acquisition of Operated 90% Interest in Lemang PSC

SINGAPORE / ACCESSWIRE / June 29, 2020 / Jadestone Energy Inc. (AIM:JSE) (“Jadestone”, or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce that it has executed an acquisition agreement …

TYGER WILLIAMS / Philadelphia Enquirer STAFF PHOTOGRAPHER

A Chicago company has finalized its purchase of the bankrupt Philly refinery

Philadelphia Inquirer

A year after a disastrous fire shut down the Philadelphia Energy Solutions refinery, the 1,300-acre complex was sold out of bankruptcy Friday to a Chicago developer that promises to raze the plant and rebuild the site as an

Source: Reuters

Occidental Petroleum sets deadline for bids on Wyoming, Colorado properties

Reuters


HOUSTON – Occidental Petroleum Corp has asked for bids by July 1 for properties it is selling in Wyoming and Colorado, Wyoming Governor Mark Gordon said on Wednesday.

The company has been struggling with debt taken on in last …

Empire Pipeline Acquires Gibson Terminal In Terrebonne Parish, Louisiana

Empire Pipeline Acquires Gibson Terminal In Terrebonne Parish, Louisiana

Chevron is seeking to sell its stake in Australia's largest and oldest LNG project.CREDIT:AFP PHOTO

Chevron puts stake in $34b North West Shelf LNG venture up for sale

The Sydney Morning Herald


Energy giant Chevron is looking to sell its 16.6 per cent stake in Australia’s largest and longest-running liquefied natural gas project, the $34 billion North West Shelf joint venture.

The United States-based company on Thursday said …

Source: CNBC

Saudi Aramco completes $69 billion Sabic deal, extends payment window amid oil hit

CNBC


Saudi Aramco completed the purchase of its 70% stake in the kingdom’s petrochemical giant Sabic from the Saudi Public Investment Fund, it announced Wednesday, tying the knot on one of the largest ever deals in the global chemicals industry.…

Paleo Completes Acquisition of Oil and Gas Fintech Platform, EF Resources, Inc. and Announces Changes to the Board and Management

Paleo Completes Acquisition of Oil and Gas Fintech Platform, EF Resources, Inc. and Announces Changes to the Board and Management

CALGARY, Alberta, June 16, 2020 (GLOBE NEWSWIRE) — Paleo Resources, Inc. (“Paleo” or the “Corporation”) (TSX-V: PRE, OTCQB: PRIEF) announced today that, further to its news release dated December 23, 2019, it has completed the acquisition (the “Acquisition”) of EF …

OTC Markets Group Welcomes Diversified Gas & Oil PLC to OTCQX

OTC Markets Group Welcomes Diversified Gas & Oil PLC to OTCQX

NEW YORKJune 11, 2020 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Diversified Gas & Oil PLC (LSE: DGOC; OTCQX: DGAOF), an independent owner and operator …

SEACOR Marine Announces Agreement to Consolidate SEACOSCO Joint Venture

SEACOR Marine Announces Agreement to Consolidate SEACOSCO Joint Venture

HOUSTON, June 04, 2020 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, today announced …

Source: Reuters

Shell weighs sale of $2 billion-plus stake in Queensland LNG facilities

Reuters


MELBOURNE/SYDNEY – Royal Dutch Shell (RDSa.L) is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, according to a sale flyer reviewed …

CenterPoint Energy and Energy Capital Partners Complete Sale of CenterPoint Energy Services Business

CenterPoint Energy and Energy Capital Partners Complete Sale of CenterPoint Energy Services Business

HOUSTONJune 1, 2020 /PRNewswire/ — CenterPoint Energy, Inc. (NYSE: CNP) and Energy Capital Partners, LLC, (ECP), a private equity and credit investor specializing in energy infrastructure projects, today announced that they have closed on the sale of CenterPoint …

Source: Reuters

ConocoPhillips Completes Sale of Interests in Australia-West

ConocoPhillips (NYSE: COP) today announced the completion of the sale of its subsidiaries that hold its Australia-West assets and operations to Santos. The total consideration for the sale is unchanged; however, in connection with the closing,

Hedge Fund Angelo Gordon buys Northern Oil & Gas debt

Hedge Fund Angelo Gordon buys Northern Oil & Gas debt

Reuters


Hedge fund Angelo Gordon & Co on Tuesday bought $33 million worth of Northern Oil & Gas Inc’s (NOG.A) debt and said it was planning to push for deals that would increase the shale producer’s cash reserves.…

Source: EQT

EQT Announces closing of asset sale and strategic volume curtailment

360 News Wire


PITTSBURGH, May 26, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) today announced that it has closed a transaction to sell certain non-strategic assets and implemented a strategic volume curtailment program.

Asset Sale:
EQT has closed a transaction …

Source: Reuters

Exclusive: Exxon revives sale of stake in giant Azeri oilfield

Reuters


LONDON – Exxon Mobil (XOM.N) has relaunched the sale of its stake in Azerbaijan’s largest oilfield, the company said on Tuesday, as banking and industry sources said the move was drawing interest from large Asian oil and …

Exide Technologies Announces Comprehensive Strategy to Position Businesses for Long-Term Sustainable and Profitable Growth

Exide Technologies Announces Comprehensive Strategy to Position Businesses for Long-Term Sustainable and Profitable Growth

Exide Technologies (“Exide” or the “Company”), a global provider of stored energy solutions, today announced a comprehensive strategy to best position its businesses in North America, EMEA, and Asia-Pacific to benefit its employees, customers, suppliers, and other stakeholders across …

Cimarron Energy acquires Aereon

Cimarron Energy acquires Aereon

MRT


With the spotlight continuing to shine on natural gas flaring and emissions, a global emissions control business is utilizing consolidation to boost its footprint. And that will benefit its Midland facility.

Cimarron Energy, which last year acquired Midland’s Hy-Bon …

Centennial Resource Development Announces Termination of Water Infrastructure Transaction

Centennial Resource Development Announces Termination of Water Infrastructure Transaction

DENVER, May 15, 2020 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that, effective May 15, 2020, the previously announced divestiture by its wholly-owned subsidiary, Centennial Resource Production, LLC, of saltwater disposal wells …

Apergy to Host Fireside Chat Conference Call

Apergy to Host Fireside Chat Conference Call

Apergy to Host Fireside Chat Conference Call