Mergers, Acquisitions & Divestitures

Surge Energy Inc. announces successful 1H/21 drilling program; strategic $106 million asset Sale; positive credit facility re-determination

Surge Energy Inc. announces successful 1H/21 drilling program; strategic $106 million asset Sale; positive credit facility re-determination

Surge Energy Inc. Announces Successful 1H/21 Drilling Program; Strategic $106 Million Ass…

Tamarack Valley Energy announces strategic Clearwater and Waterflood asset acquisitions, $55.0 million equity financing, appointment of new board member and Pro Forma 2021 guidance

Tamarack Valley Energy announces strategic Clearwater and Waterflood asset acquisitions, $55.0 million equity financing, appointment of new board member and Pro Forma 2021 guidance

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY …

Source: Reuters

Exclusive: Equinor considers more US asset sales in global strategy revamp

Reuters


OSLO – Norway’s Equinor is looking to sell more assets in the United States and exit several other countries as part of a major global reshuffle as it tries to return to profit after writing down $25 billion of …

Source: nasdaq

Analysis: Montney shale patch merger shines light on Canada’s premier play

Reuters


CALGARY, Alberta – ARC Resources Ltd’s C$2.7 billion ($2.1 billion) bid to buy Seven Generations Energy Ltd will create the largest oil and gas producer in Canada’s Montney region, and may re-energize development in one of North America’s top …

Chevron Announces Offer to Acquire Noble Midstream Partners LP

Chevron Announces Offer to Acquire Noble Midstream Partners LP

Chevron Corporation (NYSE: CVX) announced today that it has submitted a non-binding pro…

February 5, 2021 - 12:00 pm Mergers, Acquisitions & Divestitures, Press Releases
CorEnergy Announces Acquisition of Crimson’s California Pipeline Assets

CorEnergy Announces Acquisition of Crimson’s California Pipeline Assets

Consideration Includes Sale of Grand Isle Gathering System CorEnergy Infras…

Northern Oil and Gas, Inc. Announces Transformational Acquisition in the Marcellus Shale

Northern Oil and Gas, Inc. Announces Transformational Acquisition in the Marcellus Shale

HIGHLIGHTS Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern&…

Source: Reuters

Sumitomo quits U.S. shale oil with sale of Eagle Ford stake

Reuters


TOKYO  – Japanese trading house Sumitomo Corp has quit the shale oil business in the United States by selling its stake in a project in the Eagle Ford during the October to December quarter of 2020, a company spokesman …

FSource: euters

Reliance’s unit to sell Marcellus shale assets for $250 million

Reuters


BENGALURU – Reliance Industries Ltd said on Thursday its unit will sell its interest in certain upstream assets in the Marcellus shale in the United States for $250 million in cash to Northern Oil and Gas Inc.

The assets, …

Source: PR Newswire

PetroTal advises of Gran Tierra ownership reduction

Oil and Gas 360


Calgary, Alberta and Houston, Texas–(Newsfile Corp. – January 25, 2021) – PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (“PetroTal” or the “Company“) advises that, as announced by Gran Tierra Energy Inc. (“GTEI”) on …

Martin Midstream Partners L.P. Announces Sale of Mega Lubricants

Martin Midstream Partners L.P. Announces Sale of Mega Lubricants

KILGORE, Texas, Dec. 22, 2020 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (NASDAQ: M…

TransAtlantic Petroleum Approval of Agreement and Plan of Merger

TransAtlantic Petroleum Approval of Agreement and Plan of Merger

TransAntantic

HAMILTON, Bermuda, Dec. 18, 2020 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced that the Company’s shareholders have approved the Agreement and Plan of Merger (the “Merger Agreement”), by and …

Earthstone Energy Announces Significant Midland Basin Acquisition

Earthstone Energy Announces Significant Midland Basin Acquisition

Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into a definitive agreement to acquire Independence Resources Management, LLC (“IRM”), a privately held independent E&P company backed by Warburg Pincus, LLC and its affiliates …

Source: Reuters

BP takes majority stake in U.S. carbon offset firm Finite Carbon

Reuters


LONDON  – BP has acquired a majority stake in the largest U.S. carbon offset developer, Finite Carbon, the oil major said on Wednesday, as part of its climate goals and to develop a new revenue stream.

BP and other …

Sale of the offshore construction & cable-lay vessel Connector

Sale of the offshore construction & cable-lay vessel Connector

Sale of the offshore construction & cable-lay vessel Connector STOCKHOLM,…

XcelPlus Acquires Waste-to-Energy Plasma Gasification Company

XcelPlus Acquires Waste-to-Energy Plasma Gasification Company

Reno, Nevada–(Newsfile Corp. – December 4, 2020) – XcelPlus International Inc. (OTC Pink: XLP…

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 …