Company Mergers, Acquisitions, & JVs News


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Rig Sinks and More
Saturday, May 08, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

$2.9B Deal to Expand Marcellus Presence for EQT
Thursday, May 06, 2021EQT's CEO said the deal marks "an attractive entry into the Northeast Marcellus."

Iraq Sees Steady Prices, Considers Buying XOM Stake
Tuesday, May 04, 2021Iraq said crude prices would probably remain around $65 a barrel in the coming months and announced it's considering buying Exxon Mobil Corp.'s stake in one of the world's biggest fields.

Eni and Santos Sign Memo to Strengthen Ties
Tuesday, May 04, 2021Santos and Eni have signed a non-binding MOU to seek more collaboration opportunities in northern Australia and Timor-Leste.

Buffett Defends Berkshire's Chevron Ownership
Monday, May 03, 2021The billionaire investor also called failed shareholder proposals to produce diversity and climate reports "asinine."

Total Buys Taiwan Windfarm Stake
Monday, May 03, 2021Total (NYSE: TOT) has signed an agreement with WPD to acquire a 23 percent interest in Yunlin Holding GmbH.

EQNR Closes $900MM Bakken Sale
Monday, May 03, 2021Equinor (NYSE: EQNR) has announced that it has completed the sale of its U.S. onshore assets in the Bakken to Grayson Mill Energy.

USA Set for Gas Boom and More
Saturday, May 01, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Vitol to Buy Permian Acreage from Hunt
Friday, April 30, 2021Vitol Group is buying Hunt Oil Co.'s Permian Basin business.

Trelleborg Sells Norway Oil Operation
Friday, April 30, 2021Trelleborg announced Thursday that it has signed an agreement to divest its oil and gas operation in Norway.

Petronas Signs Deal for 3 New LNG Vessels
Friday, April 30, 2021Petronas LNG Ltd. has announced that it has signed a deal for three newbuild LNG vessels with shipowner Hyundai LNG Shipping.

Eni Starts Up Deepwater Merakes Field
Wednesday, April 28, 2021Eni (NYSE: E) has announced that it has started gas production from the Merakes Project.

RIL and BP Start Up Deepwater India Field
Wednesday, April 28, 2021Reliance Industries Limited and BP (NYSE: BP) have announced the production start up of the Satellite Cluster gas field in block KG D6, which is located off the east coast of India.

Aberdeen Uni, TOT Offer Energy Transition Scholarship
Tuesday, April 27, 2021The University of Aberdeen has revealed that it is offering scholarships in Masters programs related to the energy transition worth a combined $64,432.

EQNR Decides on Troll West Electrification
Monday, April 26, 2021Equinor (NYSE: EQNR) has revealed that the company and its partners -Petoro, Shell, Total, and ConocoPhillips - have decided in favor of Troll West electrification.

Equinor Greenlights $380M+ Barents Sea Development
Friday, April 23, 2021Equinor (NYSE: EQNR) has revealed that it and its partners - Petoro, Total, Neptune, and Wintershall Dea - have decided to develop Askeladd Vest.

Welltec Signs Significant Aramco Deal
Thursday, April 22, 2021Welltec announced this week that it has signed a 'significant' contract with Saudi Aramco.

Iraq Aims to Finalize Exxon Oil Sale by June
Thursday, April 22, 2021Iraq aims to finalize the sale of Exxon's stake in the West Qurna-1 oil field by the end of June even after rival U.S. supermajor Chevron Corp. rejected overtures to buy the position.

Eni Awarded Onshore UAE Block
Tuesday, April 20, 2021Eni S.p.A (NYSE: E), through its subsidiary Eni RAK, has been awarded Block 7 in the onshore of Ras Al Khaimah, United Arab Emirates.

BP Strikes Oil and More
Saturday, April 17, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Shell and Harbour Team Up for UK Project
Friday, April 16, 2021Royal Dutch Shell is joining a project to build what could be one of the UK's first large-scale carbon capture and hydrogen hubs.

Total and Siemens Sign Emissions Reduction Deal
Wednesday, April 14, 2021Total (NYSE: TOT) and Siemens Energy have signed a technical collaboration agreement to study sustainable solutions for CO2 emissions reduction.

Chevron Joins Offshore Wind Bandwagon
Wednesday, April 14, 2021Chevron Corp.'s venture capital arm and Moreld Ocean Wind agreed to invest in Ocergy Inc.'s development and commercialization of floating offshore wind turbines.

Weatherford and Safe Influx in Industry First
Monday, April 12, 2021Aberdeen-based Safe Influx has announced that a rig trial of the industry's first ever integration of Managed Pressure Drilling and Automated Well Control technology has been completed.

Aramco Signs $12B+ Energy Infrastructure Deal
Monday, April 12, 2021Saudi Aramco (TADAWUL: 2222) has announced that it has signed one of the world's largest energy infrastructure deals.

CEO Pay Drop and More
Saturday, April 10, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Hess Sells Bakken Stakes
Friday, April 09, 2021Hess Corporation (NYSE: HES) has entered into an agreement to sell its Little Knife and Murphy Creek acreage interests in the Bakken.

Halliburton and Optime Subsea Form Global Alliance
Thursday, April 08, 2021Halliburton Company (NYSE: HAL) and Optime Subsea have announced that they have formed a global strategic alliance.

Chevron Signs LNG Deal with Hokkaido Gas
Wednesday, April 07, 2021Chevron Corporation (NYSE: CVX) signs a deal with Hokkaido Gas Co., Ltd. for the delivery of liquefied natural gas.

API Signs MoU With African Energy Chamber
Tuesday, April 06, 2021The American Petroleum Institute has signed a Memorandum of Understanding with the African Energy Chamber.

Recruitment Firms Team Up for Americas Drive
Tuesday, April 06, 2021Aberdeen headquartered Drillmar Resources and JAB Recruitment have revealed that the companies have signed a Memorandum of Understanding to create DRILLJAB.

Qatar Petroleum and Shell Partner in Namibia
Tuesday, April 06, 2021Qatar Petroleum announced on Tuesday that it has entered into an agreement with Shell to become a partner in two exploration blocks offshore the Republic of Namibia.

Tailwind Energy Buys Decipher Energy
Monday, April 05, 2021Tailwind Energy Ltd has announced the acquisition of Decipher Energy Limited.

Pioneer to Buy DoublePoint in $6.4B Deal
Friday, April 02, 2021Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion.

Largest UK Listed Independent Oil Co Born
Friday, April 02, 2021Harbour Energy plc has revealed that its ordinary share capital has been admitted to trading on the London Stock Exchange's main market.

Romgaz Makes Exxon E&P Romania Offer
Thursday, April 01, 2021S.N.G.N. Romgaz S.A. has revealed that its board of directors has endorsed a binding offer to acquire all shares issued by ExxonMobil Exploration and Production Romania Limited.

Total, Exxon to Exit QG1 JV
Wednesday, March 31, 2021Qatar Petroleum has announced that it will not be renewing the Qatargas Liquefied Natural Gas Company Limited (QG1) joint venture upon the expiry of the relevant agreements on December 31.

PTTEP Makes New Oil and Gas Find
Tuesday, March 30, 2021PTT Exploration and Production Public Company Limited (PTTEP) has announced a new oil and gas discovery from exploration well Sirung-1 in Block SK405B offshore Malaysia.

NextDecade, Oxy Sign Texas CO2 Storage Deal
Tuesday, March 30, 2021NextDecade Corporation (NASDAQ: NEXT) and Oxy Low Carbon Ventures sign a term sheet for the offtake and permanent storage of CO2 captured from NextDecade's planned Rio Grande LNG project.

Minister Says Iraq Discussing $7B Deal with Total
Monday, March 29, 2021Iraq is discussing a 'giant' agreement with Total to build large infrastructure installations, develop oil fields and produce gas, Oil Minister Ihsan Abdul Jabbar told Asharq News in an interview.

Blockbuster Start for North Sea Mergers
Monday, March 29, 2021PGNiG's acquisition of Ineos' Norwegian oil business continues what has been a blockbuster start to the year for North Sea mergers and acquisitions, according to Wood Mackenzie.

Noble Corp. to Acquire Pacific Drilling
Thursday, March 25, 2021Noble's CEO said the deal boosts his company's presence in the U.S. Gulf of Mexico.

UK Gov Agrees North Sea Deal with Industry
Wednesday, March 24, 2021The UK government vowed Wednesday that high-skilled oil and gas workers and the supply chain will not be left behind in the transition to a low carbon future.

Baker Hughes Signs Barents Sea Carbon Capture Deal
Tuesday, March 23, 2021Baker Hughes (NYSE:BKR) and Horisont Energi AS (EURONEXT: HRGI) have signed a memorandum of understanding for the Polaris carbon storage project off the northern coast of Norway.

HAL Awards $Multimillion Grant to UTP
Monday, March 22, 2021Halliburton Company (NYSE: HAL) has awarded a multimillion dollar software grant to Universiti Teknologi Petronas.

Ineos Buys Hess Denmark
Friday, March 19, 2021Ineos E&P AS, which is part of Ineos Energy, has entered into an agreement to acquire Hess Denmark ApS for a total consideration of $150 million.

Expro and FTAI Form Well Intervention Alliance
Friday, March 19, 2021The DP3 M/V Pride offshore construction vessel will integrate a new well intervention system. PHOTO SOURCE: Expro Group

New Private Firm Likely to Keep Stake in Mexico Oilfield
Thursday, March 18, 2021A new company soon to be created by Chrysaor Holdings Ltd and Premier Oil Plc will likely retain its stake in the giant Zama oil development.

Murphy Closes King's Quay FPS Deal
Thursday, March 18, 2021Murphy Exploration & Production Company - USA has closed the deal for the sale of its 50 percent stake in the King's Quay floating production system and associated export lateral pipelines.

Shell Completes $2.5B Deal
Tuesday, March 16, 2021QGC Common Facilities Company has completed the sale of a 26.25 percent interest in the Queensland Curtis LNG Common Facilities to Global Infrastructure Partners Australia for $2.5 billion.