Company Mergers, Acquisitions, & JVs News


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Gaz System to Acquire Gas Storage Poland
Poland's natural gas transmission system operator OGP Gaz System S.A. is acquiring 100 percent of the share capital of the operator of the natural gas storage system in the country from Orlen SA.
8:00 PM EST | March 18, 2024
TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
PRGT is a wholly owned subsidiary of TC Energy and the developer of a natural gas pipeline project in British Columbia.
8:00 PM EST | March 17, 2024
Wood Mackenzie Looks at EQT-Equitrans Deal
Wood Mackenzie outlined that EQT Corporation's acquisition of Equitrans Midstream Corporation increases the natural gas company's 'dominant footprint in the Northeast'.
8:00 PM EST | March 14, 2024
EIR Examines EQT-Equitrans Deal
'This deal will significantly increase EQT's runway of tier one drilling locations'.
8:00 PM EST | March 13, 2024
Kimmeridge Sends New SilverBow-KTG Merger Proposal After Rebuffs
Under the terms of a proposal sent to the board, Kimmeridge would contribute the KTG assets to SilverBow in exchange for 32.4 million shares priced at $34 per share.
8:00 PM EST | March 13, 2024
BP and UAE's $2B Israel Gas Deal Suspended as War Rages
BP and the United Arab Emirates' state oil firm suspended a $2 billion bid to buy a major stake in Israel's NewMed Energy.
8:00 PM EST | March 12, 2024
EQT to Buy Mountain Valley Pipeline Owner for $5.5B
U.S. natural gas producer EQT Corp agreed to buy back former unit Equitrans Midstream Corp for about $5.5 billion in stock.
8:00 PM EST | March 10, 2024
Chevron to Acquire Stake in Uruguay Block from CEG
Chevron Uruguay Exploration Limited is acquiring a 60 percent participating interest in the Area Off-1 block offshore Uruguay in a farm-out agreement with Challenger Energy.
8:00 PM EST | March 10, 2024
AG&P Buys Stake in Vietnam LNG Terminal
The $500 million Cai Mep LNG terminal, which is being developed by Vietnam's Hai Linh Company Limited, has a capacity of 3 million metric tons per annum.
8:00 PM EST | March 10, 2024
Talos Closes Acquisition of QuarterNorth
Further, Talos appointed QuarterNorth's designee Joseph Mills to its board of directors.
8:00 PM EST | March 10, 2024
TotalEnergies to Acquire Operatorship of Another Block in Orange Basin
TotalEnergies signed a deal to acquire operatorship of Block 3B/4B, a license adjacent to its operated DWOB block on the South African side of the Orange Basin.
8:00 PM EST | March 10, 2024
Hess Flags Possible Delay for Chevron Deal as Exxon Steps In
Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed.
7:00 PM EST | March 07, 2024
Total Energy Unit Closes Acquisition of Saxon
The acquisition of Saxon increases Savanna Australia's land drilling rig fleet to 16 rigs.
7:00 PM EST | March 07, 2024
Enbridge Closes Acquisition of 1st Dominion Gas Utility
East Ohio Gas Company will be doing business as Enbridge Gas Ohio and will join Enbridge's Gas Distribution and Storage Business Unit.
7:00 PM EST | March 07, 2024
Morningstar Reveals Surprise at Diamondback-Endeavor Deal
'Diamondback was the eventual winner in what we believe to be a highly competitive bidding process,' Morningstar said.
7:00 PM EST | March 06, 2024
Hedge Funds Bet Chevron Overcomes Exxon Move to Close Hess Deal
Hedge fund managers that wagered billions on Chevron's October deal to buy Hess Corp. are sticking to their bets.
7:00 PM EST | March 05, 2024
Vaalco to Acquire Svenska for $67MM
Vaalco expands its West African footprint with the acquisition of Stockholm-based Svenska.
7:00 PM EST | March 05, 2024
Aramco Completes Acquisition of Chile Fuels Retailer
Aramco completed the purchase of Esmax, marking the Saudi energy giant's entry into the South American fuel retail market.
7:00 PM EST | March 04, 2024
ADNOC Completes Acquisition of 24.9 Percent Stake in OMV
ADNOC completed its purchase of the 24.9 percent shareholding of Mubadala in OMV.
7:00 PM EST | March 04, 2024
Viaro Acquires Full Ownership of License West of Shetland
License P.2593 is 'an important addition' to Viaro's portfolio and is strategically close to RockRose-owned existing producing assets and infrastructure.
7:00 PM EST | March 03, 2024
Oil Majors Frustrated by Slow Progress of Nigerian Asset Sales
Oil majors voiced their frustration at Nigeria's slow progress in approving asset sales in the West African nation.
7:00 PM EST | February 29, 2024
Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
'Chevron and Hess are engaged in constructive discussions with ExxonMobil and CNOOC regarding the applicability of a right of first refusal'.
7:00 PM EST | February 29, 2024
Exxon Plays Hardball With Chevron Over Guyana Oil Riches
It's rare for disputes between any of the world's supermajor oil companies to spill out in public.
7:00 PM EST | February 28, 2024
APA Hurdles Regulatory Waiting Period for Callon Acquisition
'Assuming both APA and Callon shareholder approvals are obtained, the closing of the acquisition is expected to occur on or about April 1, 2024'.
7:00 PM EST | February 28, 2024
New Saudi Fund to Invest Over $230MM in Repsol-EIG JV
The investment 'creates a unique opportunity to acquire a large-scale portfolio with a production capacity of [approximately] 600,000 barrels of oil equivalent per day'.
7:00 PM EST | February 28, 2024
Atlas to Acquire Hi-Crush Permian Proppant Assets for $450MM
The Austin-based company aims to create the largest proppant producer in the USA.
7:00 PM EST | February 27, 2024
Permian Merger Mania Spreads to the Bakken
Merger mania gripping the Permian Basin has spread to the Bakken in North Dakota, according to the Senior Vice President of Enverus Intelligence Research.
7:00 PM EST | February 26, 2024
Exxon Considers Pre-Emption Rights to Hess' Guyana Oil Stake
Exxon Mobil Corp. and Cnooc Ltd. are considering exercising rights to acquire Hess Corp.'s stake in a giant offshore oil development in Guyana.
7:00 PM EST | February 26, 2024
Hexicon to Take Full Ownership of MunmuBaram Floating Offshore Wind Project
Hexicon has entered a transaction to take full ownership of the MunmuBaram project off the coast of Ulsan City.
7:00 PM EST | February 26, 2024
Serica Closes GBA Stake Acquisition from Jersey Oil
The transaction provides Serica with the option of participating in the re-development of the Buchan field and other potential projects in the Greater Buchan Area.
7:00 PM EST | February 26, 2024
Chord Posts Lower Earnings, Agrees to Merge with Enerplus
Chord has agreed to a $11 billion merger with Enerplus.
7:00 PM EST | February 25, 2024
Woodside to Sell Scarborough Stake to JERA for $1.4B, Eyes LNG Sales
Further, Woodside and JERA have entered into a non-binding heads of agreement for the sale and purchase of six LNG cargoes on a delivered ex-ship basis per year for 10 years starting in 2026.
7:00 PM EST | February 25, 2024
Adnoc Inches toward Improved Bid for Covestro: Sources
Adnoc is inching toward an improved bid after finding a potential way to resolve the impasse over its $12.1 billion pursuit of Covestro.
7:00 PM EST | February 22, 2024
OEG Completes MCS Acquisition
'This strategic acquisition will facilitate further expansion of OEG Renewables' service offering and operating footprint in the growing European offshore energy market'.
7:00 PM EST | February 21, 2024
GlobalData Reveals Overall Oil and Gas Contract Value and Volume in Q4
'The oil and gas industry has demonstrated resilience,' GlobalData said.
7:00 PM EST | February 20, 2024
CenterPoint to Sell LDCs in Louisiana, Mississippi for $1.2B
The assets include approximately 12,000 miles of main pipeline in Louisiana and Mississippi serving approximately 380,000 metered customers.
7:00 PM EST | February 20, 2024
BP, Adnoc to form Gas JV in Egypt
The JV will have BP's stakes in three development concessions and three exploration licenses.
7:00 PM EST | February 19, 2024
New Fortress Closes Sale of Energos Stake to Apollo Funds
Energos is a global maritime infrastructure company formed by NFE and Apollo Funds in August 2022 to provide LNG delivery, storage, and regasification services.
7:00 PM EST | February 18, 2024
Expro to Acquire Well Tech Firm Coretrax for $210MM
Coretrax provides performance drilling tools and wellbore cleanup, well integrity and production optimization solutions.
7:00 PM EST | February 14, 2024
Enverus Says Diamondback Deal Creates $60B Permian Pure Play
The Senior Vice President of Enverus Intelligence Research outlined that the deal launches Diamondback 'well past most peers'.
7:00 PM EST | February 12, 2024
MidOcean to Acquire Stake in Peru LNG from SK Earthon
PLNG owns and operates the first LNG export plant in South America, located in Pampa Melchorita near Lima, Peru.
7:00 PM EST | February 12, 2024
Vitol to Acquire Marotti Family's Stake in Italy's Saras
Vitol is set to acquire approximately 35 percent of Saras' corporate capital.
7:00 PM EST | February 12, 2024
Enbridge Takes Regulatory Progress toward US Gas Utilities Takeover
Enbridge has moved closer to completing the $14 billion acquisition of three US gas utility companies from Dominion.
7:00 PM EST | February 12, 2024
Diamondback to Buy Endeavor for $26B in Oil Megadeal
Diamondback will fund the deal with 117.3 million shares and $8 billion in cash.
7:00 PM EST | February 11, 2024
Petrobras Closes Acquisition of STP Stakes in Africa
'The operation marks the resumption of exploratory operations on the African continent, with the aim of diversifying the portfolio'.
7:00 PM EST | February 11, 2024
Diamondback, Endeavor in Advanced Talks for Merger Worth over $50B
Diamondback and Endeavor are in final discussions toward a deal that would create an oil-and-gas giant worth more than $50 billion.
7:00 PM EST | February 11, 2024
Athabasca, Cenovus Form JV Focused on Kaybob Duvernay
Duvernay Energy Corporation will target strong, high netback cash flow and production growth focused on the Kaybob Duvernay resource play in Alberta, Canada.
7:00 PM EST | February 11, 2024
Indian State Oil, Power Firms to Form Offshore Wind JV
ONGC and NTPC signed an agreement to form a joint venture focused on the development of offshore wind generation projects in India.
7:00 PM EST | February 08, 2024
CRC to Merge with Aera, Boost Carbon Capture Operations
The combined company will own interests in five of the largest oil fields in California with opportunities to increase oil recovery.
7:00 PM EST | February 08, 2024
California Resources to Buy Aera Energy in $2.1B Deal
Oil producer California Resources Corp. will buy Aera Energy LLC.
7:00 PM EST | February 07, 2024