Property Acquisitions & Divestitures News


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Select US Drilling Rights Sell for $1.50 Per Acre
Thursday, May 23, 2019 From 2017 to 2018, the number of acres sold non-competitively more than doubled, from roughly 141,000 to nearly 379,000.

Aramco Taps into US Shale Gas Boom
Wednesday, May 22, 2019 Saudi Aramco agrees to a buy a stake in Sempra Energy's Texas LNG export terminal.

Russian Oil Sales to US on Steroids
Tuesday, May 21, 2019 Petroleum exports from Russia to the U.S. are growing rapidly.

Western Natural Resources, KKR Team to Buy Williston Assets
Monday, May 20, 2019 Western Natural Resources and global investment firm KKR have teamed up to acquire producing and undeveloped oil and gas assets in the Williston Basin.

Exxon's GOM Sale Is Said to Draw Repsol, Ineos Interest
Monday, May 20, 2019 The deal would mark Ineos' debut as an oil and gas producer in the Gulf.

Schlumberger in $400MM Deal to Sell Drilling Assets
Wednesday, May 15, 2019 Schlumberger is divesting non-core drilling assets to Wellbore Integrity Solutions for $400 million.

Spur Energy, KKR Partner and Buy Permian Assets
Wednesday, May 15, 2019 Spur Energy Partners LLC and global investment firm KKR have partnered to acquire oil and gas production and development assets in the Lower 48.

Equinor to Pay $965MM for Stake in Shell's GOM Oilfield
Monday, May 13, 2019 Equinor beats out Delek to acquire 22.45 percent interest in Shell's Caesar Tonga oilfield.

Leading Independent European Oil, Gas Firm Formed
Thursday, May 02, 2019 Wintershall Holding GmbH and DEA Deutsche Erdoel AG have completed their merger, forming Wintershall DEA.

Chevron Backs Its Anadarko Deal
Thursday, May 02, 2019 Chevron's signed agreement with Anadarko provides the best value and the most certainty to Anadarko's shareholders, according to Chevron.

ADNOC Launches Bid Round of Five Blocks
Wednesday, May 01, 2019 ADNOC is launching its second licensing round, which includes five blocks of conventional and unconventional resources.

Will Chevron Raise Its Bid for Anadarko?
Tuesday, April 30, 2019 The most important near-term question in the battle for Anadarko is will Chevron raise its bid?

Anadarko Board to Consider Occidental Bid
Monday, April 29, 2019 Anadarko Petroleum plans to resume talks about a potential $38 billion takeover by Occidental Petroleum, a move that threatens to scupper a previously agreed deal with Chevron.

Anadarko First of Many Major Buys in 2019
Friday, April 26, 2019 With increased and proven demand of West Texas shale, Anadarko will likely be the first of many major acquisitions this year.

Occidental Makes Anadarko Bid
Wednesday, April 24, 2019 Occidental Petroleum Corp. is starting a bidding war for Anadarko Petroleum Corp.

Murphy Uses 'War Chest' to Sharpen Deepwater GOM Focus
Wednesday, April 24, 2019 A month after unveiling plans to divest assets in Malaysia, Murphy Oil Co. is sharpening its focus on the deepwater Gulf of Mexico.

Angola Plans Recovery With New Refineries, Oil-Block Auction
Tuesday, April 23, 2019 Africa's second-biggest oil producer looks to benefit from a surge in crude prices that could boost companies' appetite for investments.

Aramco to Buy Shell SASREF Stake for $631MM
Tuesday, April 23, 2019 Saudi Aramco will buy Shell Saudi Arabia Refining Limited's 50 percent share of the SASREF joint venture in Jubail Industrial City for $631 million.

ConocoPhillips to Sell UK Assets for $2.675B to Chrysaor
Thursday, April 18, 2019 Houston-based ConocoPhillips is selling its two UK subsidiaries to private equity-backed Chrysaor E&P Limited for $2.675 billion plus interest.

Exxon, Qatar Petroleum Win Three Blocks Offshore Argentina
Wednesday, April 17, 2019 ExxonMobil Argentina Offshore Investments B.V. and a Qatar Petroleum affiliate snagged three exploration blocks offshore Argentina.

Oil Stocks Must Win Over Gen Z Investors
Wednesday, April 17, 2019 Generation Z has precious little love for oil and gas stocks, but winning over these younger investors will be essential for the sector's future, Barclays Plc analysts say.

Iran Oil Buyers Stay on Sidelines
Tuesday, April 16, 2019 The biggest buyers of Iranian oil are said to be putting their purchases on hold as they wait to see whether the White House will extend waivers allowing them to keep buying the crude.

Potential Buyers Emerge for Chevron's North Sea Fields
Monday, April 15, 2019 The winner would gain a major production boost in a region that is increasingly being run by smaller independent companies.

Iran Peddling 1MM Barrels of Oil Again
Monday, April 15, 2019 The Iran Energy Exchange is offering another million barrels of light crude.

Chevron-Anadarko Deal Will Shake Up US Upstream
Monday, April 15, 2019 Chevron Corporation's deal to acquire Anadarko Petroleum Corporation will shake up the U.S. upstream sector.

Chevron Buys Anadarko
Friday, April 12, 2019 Chevron Corp agrees to buy Anadarko Petroleum Corp in a $33 billion bet on shale oil and liquefied natural gas.

Shell to Sell US GOM Asset Stake for Almost $1B
Thursday, April 11, 2019 Shell signs an agreement to sell its 22.45 percent non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico.

Callon Petroleum to Sell Non-Core Midland Assets
Wednesday, April 10, 2019 Callon Petroleum Company has entered into a definitive agreement to divest its non-core assets in the Ranger operating area of the Midland Basin for $260 million cash.

Brazil to Pay Petrobras $9B
Wednesday, April 10, 2019 Brazilian oil giant Petrobras will get $9.06 billion to settle a deep-water contract dispute with the government.

90 New Jobs at Aberdeen Player Due to Semi-Sub Buy
Tuesday, April 09, 2019 Aberdeen-based Well-Safe Solutions agrees to acquire the Ocean Guardian semi-submersible drilling unit from Diamond Offshore.

PE Firm to Spend $3.6B Cash for Oryx Midstream
Tuesday, April 02, 2019 New York-based private equity firm Stonepeak Infrastructure Partners has entered into a deal to purchase Permian-focused Oryx Midstream for $3.6 billion in cash.

Conoco Looks to Sell North Sea Fields
Monday, April 01, 2019 An agreement would end a troubled sale process for the company, which is selling the assets as it turns its attention to U.S. shale.

West African Country Eyes Licensing Wrap-up by June
Monday, March 25, 2019 Ivory Coast's government is in talks with French and Italian majors

$2.1B Deal Lets Murphy Focus on One Hemisphere
Thursday, March 21, 2019 Murphy Oil will sell its main Malaysia subsidiaries to PTTEP.

Gulf of Mexico Lease Sale 252 Saw $244.3MM in High Bids
Thursday, March 21, 2019 Thirty companies participated and submitted almost $284 million in all bids for acreage in the federal waters of the Gulf of Mexico.

Equinor May be Mulling Eagle Ford Sale
Monday, March 18, 2019 Norway's biggest oil company has held talks with potential suitors for its stake in the Eagle Ford business.

Gulf of Mexico Lease Sale Set for August
Wednesday, March 13, 2019 Lease Sale 253 will be the fifth of 10 offshore lease sales under BOEM's 2017-2022 OCS leasing program.

Marathon Oil Opts for Overlooked Acreage Outside of Permian
Tuesday, March 12, 2019 The explorer is opting to snap up cheap acreage in overlooked areas like the Louisiana Austin Chalk.

Total Buys 10 Percent Stake in Arctic LNG 2
Tuesday, March 05, 2019 Total signs definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2.

Israel Woos Energy Majors
Monday, March 04, 2019 Israel is sweetening the terms of its new gas exploration tender in order to entice major energy firms to finally drill off the nation's Mediterranean coast.

Inpex Enters US Tight Oil Business
Friday, March 01, 2019 Inpex Americas reaches an agreement with GulfTex Energy to acquire 'multiple development and production assets' in the Eagle Ford play in Texas.

US to Sell up to 6MM Barrels from Petroleum Reserve
Friday, March 01, 2019 The U.S. Department of Energy's Office of Fossil Energy plans to sell up to 6 million barrels of crude oil from the Strategic Petroleum Reserve.

Gas Push Marks Strategy Shift for Aramco
Tuesday, February 26, 2019 Saudi Aramco is eyeing gas projects in Russia, Australia, the US and Africa.

RockRose to Buy Marathon Oil's UK Business
Tuesday, February 26, 2019 RockRose signs an agreement to acquire 100 percent of Marathon Oil U.K. and Marathon Oil West of Shetland Limited from subsidiaries of Marathon Oil Corporation.

Total Declines Comment on Reported Dutch Sale Cancellation
Friday, February 22, 2019 A Total SA spokeswoman has declined to comment on the reported cancellation of the sale of mature natural gas fields in the Dutch North Sea.

Ophir Adviser Joins Efforts to Disrupt Takeover
Thursday, February 21, 2019 One of Ophir Energy's earliest investors is adding to pressure the exploration company is facing over a takeover plan.

Devon Energy to Divest Barnett Shale, Canadian Oil Sands Assets
Wednesday, February 20, 2019 In a move to becoming a U.S. oil growth business, Devon Energy's board of directors approved the company's separation of its Canadian oil sands and Barnett Shale assets.

Targa to Sell Interest in Bakken Assets for $1.6B
Tuesday, February 19, 2019 U.S. pipeline company Targa Resources Corp. has entered into a definitive agreement to sell its assets in the Bakken for $1.6 billion.

Eni Bags Two Exploration Blocks Onshore Egypt
Friday, February 15, 2019 Eni is being granted two onshore blocks further strengthening its position in Egypt.

PTTEP Boosts Stake in Sinphuhorm Project
Friday, February 15, 2019 PTTEP SP Limited has signed an agreement to acquire a 33.8% stake in APICO LLC.