acquisition Archives - Oil & Gas 360

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,

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

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

Exxon reportedly evaluates Woodside as LNG acquisition target

June 15, 2026

(World Oil) – ExxonMobil is studying potential acquisition targets including Australia’s Woodside Energy Group, as the U.S. giant eyes options to deepen its presence in liquefied natural gas and Asian markets, according to people with knowledge of the matter. Exxon has been holding early-stage discussions internally, said the people, who asked not to be named as they are not allowed to speak

Strain grows on shipping industry with vessels stuck inside Hormuz

June 3, 2026

(Investing) – ATHENS – Even if the U.S. and Iran agreed to halt the war and open the Strait of Hormuz, ships trapped in the Gulf will be unable to leave without safety assurances, the CEO of V.Group, a leading global ship manager, told Reuters. Renewed hostilities in the three-month-old conflict are testing a shaky ceasefire while hundreds of ships and

Parex closes $500 million Frontera E&P acquisition in Colombia

June 1, 2026

(World Oil) — Parex Resources has completed its acquisition of the Colombian exploration and production assets of Frontera Energy, establishing the company as the largest independent oil and gas producer focused on Colombia. The transaction adds approximately 37,000 boed of production and expands Parex’s acreage position to more than 7.9 million acres, significantly increasing the company’s scale and reserve base across the

Weatherford to acquire oilfield tech firm NCS Multistage

June 1, 2026

(BOE Report) – Oilfield services provider Weatherford International said on Monday it has agreed to acquire energy technology firm NCS Multistage Holdings in a cash-and-stock deal. On a blended basis, Weatherford will pay the equivalent of 0.463 of its shares for each NCS share, with roughly 20% of the consideration in cash. Based on Reuters calculations, the deal values NCS

New West Data signs letter of intent to acquire significant oil and gas assets near Rocky Mountain house, Alberta

May 19, 2026

(BOE Report) — New West Data Corp. (“New West Data”), North America’s first vertically integrated oil and gas producer and off-grid digital infrastructure operator, today announced that it has signed a Letter of Intent with Azimuth Capital Management (“Azimuth”) to acquire Entrada Resources Inc. (“Entrada Resources”). Through the proposed Transaction, New West Data intends to purchase all of the shares of Entrada Resources, acquiring a

Transocean to acquire Valaris in $5.8-billion deal, creating offshore drilling giant

February 9, 2026

(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

Harbour Energy enters U.S. Gulf with strategic $3.2 billion acquisition

December 22, 2025

(Oil Price)– Harbour Energy has agreed to buy Louisiana-based privately-held LLOG Exploration Company for $3.2 billion in a strategic deal that will establish a foothold for the UK-based oil and gas producer in the deepwater U.S. Gulf of Mexico. Harbour Energy on Monday announced that it has entered into an agreement to acquire LLOG Exploration Company LLC from LLOG Holdings LLC for

US investor group Kimmeridge offers $6 billion for gas driller Ascent Resources, FT reports

December 16, 2025

(BOE Report)– Activist investment firm Kimmeridge Energy Management has submitted a $6 billion offer to buy Ascent Resources, the Financial Times reported on Tuesday. The bid is the latest challenge to Ascent’s private equity backer Energy & Minerals Group’s (EMG) efforts to sell a more than 30% stake in the company from one of its funds to another, valuing Ascent

TotalEnergies divests 10% stake in Malaysia’s SK408 gas block to PTTEP

December 16, 2025

(World Oil)– TotalEnergies has completed the sale of an indirect 9.998% interest in Malaysia’s SK408 offshore gas block to PTTEP, strengthening the companies’ long-standing partnership while allowing TotalEnergies to optimize its upstream portfolio in the country. Following the transaction, TotalEnergies retains a 30.002% working interest in SK408 and remains operator of the block, which is considered a key contributor to Malaysia’s domestic

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