(BOE Report) – CALGARY – Oilpatch advisers are expecting the wave of consolidation to continue after last year’s string of blockbuster Canadian deals, but whether foreign buyers are ready to jump into the fray remains an open question. Companies have seen the merit in bulking up through mergers and acquisitions as oil prices hover around the lacklustre US$60 per barrel mark,
(World Oil) – Transocean Ltd. has agreed to acquire offshore driller Valaris Ltd. in an all-stock transaction valued at approximately $5.8 billion, creating what the companies say will be the world’s highest-specification offshore drilling fleet and one of the largest global offshore contractors. The combined company will have an implied enterprise value of about $17 billion and a pro forma market capitalization of
(Oil and Gas 360) – Energy Advisors continuing series on Coterra Energy, Devon Energy, Kimmeridge, and Scott Sheffield asks the ultimate question: Can 1+1 ever equal 3 in the M&A world? Click New Devon, What’s 1+1? to download the report series. Our first report“ The Debate Begins” looked at what a Coterra and Devon merger would look like vs. Coterra becoming a Delaware pure-play
(BOE Report) – Chevron is one of at least two companies vying for Lukoil’s global assets, despite the Russian energy company’s initial agreement last week to sell them to U.S. private equity firm Carlyle, four sources familiar with the conversations said. Lukoil has until February 28 to sell the assets, the latest deadline set by the U.S. Treasury, which imposed sanctions
(World Oil) – VAALCO Energy has agreed to sell its non-core producing properties in Canada for approximately CAD $35 million (about USD $25.6 million), as the company continues to streamline its portfolio and focus capital on higher-return upstream opportunities. The assets, which currently produce about 1,850 boed working interest, are expected to close within 30 days, subject to customary conditions. The transaction
(Oil & Gas 360) – DENVER, Feb. 3, 2026 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) announced today that it has completed its acquisition of all of the common shares (“NuVista Shares”) of NuVista Energy Ltd. (TSX: NVA) (“NuVista”) in a cash and stock transaction valued at $2.7 billion. The acquisition is expected to add approximately 930 net 10,000-foot equivalent well
(Oil & Gas 360) – OKLAHOMA CITY & HOUSTON–(BUSINESS WIRE)– Devon Energy (“Devon”) (NYSE: DVN) and Coterra Energy (“Coterra”) (NYSE: CTRA) today announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin.
(Oil Price) – Equinor will sell all its assets in Argentina’s Vaca Muerta basin to Vista Energy in a cash and stock deal worth $1.1 billion, the Norwegian energy major said on Monday as it continues to high-grade its international portfolio. The deal includes Equinor’s 30% non-operated interest in the Bandurria Sur asset and its 50% non-operated interest in the Bajo del Toro
(World Oil) – SM Energy Company has closed its all-stock merger with Civitas Resources, Inc. following shareholder approval at special meetings held Jan. 27. The combined company will continue operating under the SM Energy name. The transaction creates a larger, oil-focused U.S. independent with a broader footprint across core shale basins, including an expanded position in the Permian Basin. Management has previously outlined plans
(World Oil) – Coterra Energy Inc. and Devon Energy Corp. are in advanced talks about a combination, according to people familiar with the matter, in what would be one of the largest oil and gas deals in years. The companies could announce a deal in the coming days, said the people, who asked to not be identified because the talks are private. No
(Oil and Gas 360) – Energy Advisors is providing continuing research as events unfold at Coterra Energy in response to pressure from activist Kimmeridge. Earlier in our report“ The Debate Begins” we looked what a merger between Coterra and Devon would look like. Imagine a Super Independent with 1.6 MMBoepd. Amazingly these volumes would exceed US volumes of Conoco Lower 48 (1.5 MMboepd),
(Oil Price) – Russia’s oil producer Lukoil has agreed to sell most of its international assets to private equity giant Carlyle. Following the U.S. sanctions on Lukoil and Rosneft, “as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine,” Lukoil announced in October it would sell all of its international assets, initiating a formal process to receive bids from
