Mergers, Acquisitions & Divestitures Archives -

Magnolia’s $4.06 billion WildFire deal creates major South Texas position

July 20, 2026

(World Oil) – Magnolia Oil & Gas Corp. has agreed to acquire WildFire Energy for approximately $4.06 billion, creating a significantly larger position across the Eagle Ford and Austin Chalk in South Texas and more than doubling Magnolia’s acreage in the Giddings field. The transaction will add approximately 810,000 net acres and 53,000 boed of production, roughly 70% weighted to oil. Following closing, Magnolia will

Fluor sells Mexico joint venture stake to ICA for $175 million

July 20, 2026

(World Oil) – Fluor Corp. has sold its equity stake in the ICA-Fluor Daniel joint venture to longtime partner ICA for $175 million, ending a partnership that has supported oil and gas, power, mining and industrial projects across Mexico for more than three decades. The joint venture, established in 1993, has executed numerous engineering, procurement and construction (EPC) projects in Mexico’s energy and industrial sectors.

Tradewater acquires Carbon Shield to expand orphaned well methane projects

July 16, 2026

(World Oil) – Tradewater has acquired Colorado-based Carbon Shield, expanding its capabilities to plug orphaned oil and gas wells and accelerate methane mitigation projects in Colorado and Wyoming. The acquisition strengthens Tradewater’s growing portfolio of orphaned well remediation projects by adding Carbon Shield’s established relationships, operational expertise and pipeline of wells targeted for plugging in the Rocky Mountain region. Tradewater entered the orphaned

Baker Hughes closes Chart acquisition, adds third operating segment

July 16, 2026

(World Oil) – Baker Hughes has completed its acquisition of Chart Industries, expanding its portfolio of industrial energy technologies and establishing Chart as the company’s third operating segment. The acquisition adds Chart’s capabilities in thermal management, air and gas handling, and lifecycle services, broadening Baker Hughes’ presence across markets including LNG, gas infrastructure, carbon capture and storage, nuclear, geothermal and data centers. Chart

BP weighs North Sea exit under new CEO

July 9, 2026

(Oil Price) – BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday. “We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first

Marubeni acquires Barnett shale operator EagleRidge Energy

July 7, 2026

(World Oil) – Marubeni Corporation has completed its acquisition of EagleRidge Energy, adding one of the largest operators in the Barnett shale to its growing North American natural gas portfolio. Dallas-based EagleRidge operates more than 3,500 wells across approximately 450,000 gross acres in North Texas and produces about 300 MMcfe/d, making it the third-largest producer in the Barnett Shale, according to the company.

Superior Energy to acquire Sonic in production equipment expansion

July 6, 2026

(World Oil) – Superior Energy Services has entered into a definitive agreement to acquire Sonic Holdings, LLC, expanding its production equipment and wellsite services portfolio with the addition of a provider of electric feed-through technologies, drilling wellheads and aftermarket services. Financial terms of the transaction were not disclosed. The acquisition is expected to close during the third quarter of 2026. Founded in 2017,

bp exits Bay du Nord project, sells stake to Equinor

July 6, 2026

(World Oil) – bp has agreed to sell its non-operated interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada, to operator Equinor, continuing its strategy of simplifying its upstream portfolio and focusing capital on higher-value opportunities. The transaction includes bp’s interests across 10 licenses associated with the Bay du Nord development, representing an average 37.2% working interest. Financial terms were not

Flowserve completes $490 million acquisition of Trillium valves business

July 1, 2026

(World Oil) – Flowserve has completed its $490 million all-cash acquisition of Trillium Flow Technologies’ Valves Division (TVD), expanding its portfolio of engineered flow-control products and services for global energy and industrial markets. The acquisition adds Trillium’s portfolio of mission-critical valves, actuators and flow-control equipment, strengthening Flowserve’s capabilities across conventional and emerging energy applications, as well as industrial infrastructure. The transaction excludes

SandRidge to acquire Cherokee Play assets for $65 million

June 29, 2026

(Oil & Gas 360) – Publisher’s Note: SandRidge Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026. Register to attend. (World Oil) – SandRidge Energy has signed a definitive agreement to acquire producing assets and leasehold interests in the Cherokee Play in the Mid-Continent region for $65 million, strengthening the company’s position in an area where it has been

Kosmos closes $127 million Equatorial Guinea asset divestment

June 17, 2026

(World Oil) – Kosmos Energy has completed the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy, advancing the company’s strategy to streamline its portfolio and strengthen its balance sheet. The final cash consideration totaled approximately $127 million following closing adjustments, with additional contingent payments of up to $40 million

Innovex to acquire Norway’s TCO Group for $95 million

June 15, 2026

(World Oil) — Innovex International has entered into an agreement to acquire Norway-based TCO Group in a cash-and-stock transaction valued at approximately $95 million, expanding its portfolio of well technologies and strengthening its presence in key international offshore markets. The transaction is expected to close early in the third quarter of 2026, subject to customary closing conditions. Founded in 1999 and headquartered in

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