Company Mergers, Acquisitions, & JVs News


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OGA Launches Energy Hub Study
Friday, December 04, 2020The OGA has started work to identify the value the establishment of an energy hub at Bacton could lead to by hiring Progressive Energy to conduct an in-depth feasibility study.

Eni and Enel Partner on Green Hydrogen
Thursday, December 03, 2020Eni (NYSE: E) revealed Wednesday that it is working together with Enel to develop green hydrogen projects.

Fire Breaks Out at Equinor Methanol Plant
Thursday, December 03, 2020Equinor (NYSE: EQNR) has announced that a fire with smoke development was reported on December 2 at 14:40pm in a compressor house at the methanol plant at Tjeldbergodden.

OGDCL Discovers Gas at Lakhirud X-1
Wednesday, December 02, 2020Oil and Gas Development Company Limited has discovered gas at exploration well Lakhirud X-1, which is located in the Musa Khel district in the Balochistan Province.

Shell Secures BHP LNG Supply Deal
Wednesday, December 02, 2020BHP revealed Tuesday that it has awarded Shell an LNG supply deal for five LNG fueled Newcastlemax bulk carriers.

Conoco Warns of 500 Houston Job Cuts
Wednesday, December 02, 2020ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc.

Will ADNOC Buy Oilfield Services Firm?
Monday, November 30, 2020ADNOC reportedly is a potential contender to buy a local offshore oil-services firm that counts the state-owned crude producer among its major clients.

Aramco Signs MOUs with Several Companies
Monday, November 30, 2020Saudi Aramco (TADAWUL: 2222) announced Monday the expansion of its flagship program to increase local content and boost domestic supply chains.

Seadrill Bags GOM Contracts and More
Saturday, November 28, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

KXL Indigenous Investors Plan to Get Financing by Q1
Friday, November 27, 2020The indigenous group seeking to buy a stake in TC Energy Corp.'s Keystone XL oil pipeline expects to secure financing by the first quarter of next year.

ADNOC Dishes Out Deal Worth Up To $519MM
Friday, November 27, 2020ADNOC has announced the award of a contract worth up to $519 million to BGP Inc, a subsidiary of China National Petroleum Company.

BP to Invest More in Middle East Oil Fields
Thursday, November 26, 2020BP Plc said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions.

Angola to Sell Stake in National Oil Company
Tuesday, November 24, 2020The sale is part of a push by Africa's second-biggest oil producer to raise cash and jump-start a moribund economy.

AqualisBraemar to Buy LOC Group
Monday, November 23, 2020AqualisBraemar ASA revealed Monday that it has entered into an agreement to acquire 100 percent of the shares in LOC Group.

Aramco Awards Major Deals and More
Saturday, November 21, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

OGA Highlights Benefit of UK Energy Integration
Friday, November 20, 2020Integrating energy systems could deliver around 30 percent of the carbon reduction needed to meet the UK's 2050 net zero target, according to a new report from the UK Oil and Gas Authority.

TRP and NLE Make $1B Keystone XL Deal
Friday, November 20, 2020TC Energy Corporation (TSX, NYSE: TRP) and Natural Law Energy have signed a deal which allows NLE to make an equity investment of up to $1 billion in the Keystone XL pipeline project.

Petronas Calls for Stronger ET Collaboration
Thursday, November 19, 2020Petronas has called for a stronger collaboration among ASEAN governments, energy players and the public and private sectors.

Aramco Awards Major Deals to 8 Companies
Wednesday, November 18, 2020Saudi Aramco (TADAWUL: 2222) has awarded major long-term agreements to eight companies for its oil and gas brownfield projects.

Independent Consolidation to Accelerate
Wednesday, November 18, 2020Consolidation among oil and gas independents will accelerate in the face of the energy transition, according to Wood Mackenzie.

Targa Divests Texas Splitter and Terminal Business
Tuesday, November 17, 2020Hartree Refining has acquired Targa Resources' membership interests in Targa Channelview, LLC.

Total and ADNOC Make CO2 Emission Reduction Deal
Monday, November 16, 2020Total (NYSE: TOT) has signed an agreement with ADNOC to explore joint research, development and deployment partnership opportunities in the areas of CO2 emission reductions and CCUS.

Violently Positive Oil Prices and More
Saturday, November 14, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Eni and HitecVision Launch New Company
Thursday, November 12, 2020Eni (NYSE: E) and HitecVision have announced the launch of a new joint venture company called Vargronn.

First Unconventional Gas from UAE Delivered
Thursday, November 12, 2020The Abu Dhabi National Oil Company and Total (NYSE: TOT) have delivered the first unconventional gas from the United Arab Emirates.

EQT May Seek More Shale Deals After Chevron
Wednesday, November 11, 2020EQT Corp. indicated it's not done yet with driving consolidation in the fragmented Appalachian natural gas industry.

Tullow Completes $500MM+ Total Deal
Wednesday, November 11, 2020Tullow Oil plc (LON: TLW) announced Tuesday that the sale of its assets in Uganda to Total (NYSE: TOT) has now completed.

Heerema Winding Down Angola JVs
Tuesday, November 10, 2020Heerema Marine Contractors has revealed that its Angola joint ventures are no longer economically viable.

Ineos Launches Clean Hydrogen Business
Monday, November 09, 2020Ineos announced Monday that it has launched a new business to develop and build clean hydrogen capacity across Europe in support of the drive towards a zero-carbon future.

Hess Divests Stake in Deepwater Field
Monday, November 09, 2020Hess Corp. has completed the sale of its 28-percent working interest in the Shenzi Field in the deepwater Gulf of Mexico.

Schlumberger Sells Rod Lift Business and More
Saturday, November 07, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Filing Shows WPX Walked Away from 43% Takeover Premium
Friday, November 06, 2020When Devon Energy agreed to acquire WPX Energy in September, it was the latest US shale merger to be done with little or no takeover premium.

Tourmaline Oil Buys 2 Rivals
Thursday, November 05, 2020Tourmaline Oil Corp. is buying two rivals in the Canadian oil and gas industry's latest move to weather its worst downturn in a generation.

Baker Hughes Buys 3C
Wednesday, November 04, 2020Baker Hughes (NYSE: BKR) has announced that it is acquiring Compact Carbon Capture (3C), a technology development company that specializes in carbon capture solutions.

Petrofac Completes Mexico Sale
Wednesday, November 04, 2020Petrofac Limited (LON: PFC) announced Tuesday that the group has completed the sale of its remaining 51 percent interest in its upstream operations in Mexico.

Schlumberger Divests Rod Lift Business
Monday, November 02, 2020Lufkin Industries has acquired the Schlumberger N.V. unit North American Land Rod Lift Business.

Shell Doubles Down on China Fuel Retailing
Monday, November 02, 2020Royal Dutch Shell Plc has acquired full control of one of its gas station joint ventures in China.

Will Bigger Be Better for Oil and Gas Players?
Friday, October 30, 2020Check out Rigzone's review of oil and gas market hits and misses for the week ending Oct. 30, 2020.

Who Controls the Permian?
Thursday, October 29, 2020There's been an ongoing pendulum swing between majors and independents as the controlling group of the Permian basin's destiny for many years, but who controls the region now?

New App Details All North Sea Energy Resources
Wednesday, October 28, 2020A new interactive mapping app that reveals the location of every energy-related site in the UK Continental Shelf has been created.

Is OFS Consolidation About to Take Off?
Monday, October 26, 2020Rigzone prognosticators identify trends to watch this week in the oil and gas markets.

Five Themes to Watch Among Oil Majors
Monday, October 26, 2020Six months on from crude's era-defining price crash, Big Oil is suffering from whiplash.

Cenovus and Husky in $24B Combination
Monday, October 26, 2020Cenovus Energy (TSX: CVE, NYSE: CVE) and Husky Energy (TSX: HSE) have entered into a deal to combine in an all-stock transaction valued at $23.6 billion, inclusive of debt.

Transocean Gets NYSE Notice and More
Saturday, October 24, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Biggest US Gas Producer May Get Even Bigger
Friday, October 23, 2020EQT Corp., the biggest producer of US natural gas, reportedly is seeking to acquire rival CNX Resources Corp.

Tullow Gets Green Light for $575MM Total Deal
Wednesday, October 21, 2020Tullow Oil (OTCMKTS: TUWOY) has received government approvals for the $575 million sale of its Uganda assets to Total (NYSE: TOT).

Shale Deal Must Navigate Potential Conflict
Wednesday, October 21, 2020The latest merger between two U.S. shale producers is dealing with an unusual family dynamic that has raised concerns about a potential conflict of interest.

Pioneer to Acquire Parsley in $4.5B Deal
Tuesday, October 20, 2020It's the latest in a flurry of US shale sector mergers.

Another Permian Operator Sale May Be Underway
Tuesday, October 20, 2020Pioneer Natural Resources Co. is in talks to buy rival U.S. shale driller Parsley Energy Inc., according to a person familiar with the matter.

Modest Deals Reflect Slide for US Shale
Tuesday, October 20, 2020There is no more dramatic sign of the US shale industry's fall from grace than one of the best in the business being sold off for less than a third of its peak value.