Company Mergers, Acquisitions, & JVs News

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ConocoPhillips Completes $9.5B Shell Deal
Thursday, December 02, 2021The assets include around 225,000 net acres and producing properties located entirely in Texas.

Cenovus in $500MM+ Deal
Thursday, December 02, 2021The agreements allow Cenovus to further focus its portfolio, accelerate deleveraging and support increasing shareholder returns.

TotalEnergies Launches Texas Biomethane Unit
Wednesday, December 01, 2021The biomethane will be used as an alternative fuel for mobility.

Equinor Exits Ireland Following $434M Corrib Sale
Tuesday, November 30, 2021Equinor has stopped having a business presence in Ireland following a decision to sell its non-operated equity position in the Corrib offshore gas project to Vermillion Energy.

CMA Refers CHC Deal for In-Depth Investigation
Monday, November 29, 2021In September, CHC Helicopter Group announced the completion of its acquisition of Babcock International's offshore oil and gas aviation business.

JX Nippon Selling UK Assets To NEO Energy For $1.7B
Monday, November 29, 2021NEO Energy has expanded its portfolio with the acquisition of 100 percent of the share capital of JX Nippon Exploration and Production U.K. for around $1.7 billion.

Top Headlines: BP Goes on Hydrogen Hiring Spree and More
Saturday, November 27, 2021Check out some of Rigzone's top stories this week.

VIDEO: Neptune Completes Seagull Manifold Installation
Friday, November 26, 2021Working under the Neptune Energy Alliance Agreement, TechnipFMC undertook the construction activities on the development.

Total, Eni Ready to Invest Billions in Libya
Tuesday, November 23, 2021Total will put $2 billion into Libya's Waha oil project, which will boost production by around 100,000 barrels a day.

$15B Aramco Deal Goes Awry
Monday, November 22, 2021Reliance and Saudi Aramco signed a non-binding letter of intent in August 2019.

Will White House Finally Release Reserves from SPR?
Monday, November 22, 2021Rigzone's regular energy prognosticators look at the much talked about potential SPR release, rising Covid concerns, deal pressure and more.

Woodside And BHP To Finalize $29B Tie Up
Monday, November 22, 2021BHP Group and Woodside Petroleum have signed a binding share sale agreement for the merger of BHP’s oil and gas portfolio with Woodside.

Mobile Carbon Capture in Shipping is Feasible
Monday, November 22, 2021Mobile carbon capture in shipping is technically feasible.

NOG in Permian Expansion with Significant Deal
Thursday, November 18, 2021The effective date for the transaction is October 1 and Northern expects to close the deal in the first quarter of next year.

Ironwood Significantly Expands Eagle Ford Shale Footprint
Thursday, November 18, 2021The Ironwood leadership team has assumed management of the Nuevo Midstream Dos assets.

ADNOC Invests Near $6B to Enable Drilling Growth
Tuesday, November 16, 2021The investments, which are described as a record, are in the form of procurement awards to 'top-tier' contractors.

Woodside CFO Resigns
Tuesday, November 16, 2021Duhe will remain with Woodside into the first quarter of 2022 to ensure a smooth transition of her key responsibilities.

Top Headlines: Maersk Drilling Merging with Noble Corporation and More
Saturday, November 13, 2021Check out some of Rigzone's top stories during the last week.

Tullow Oil Set To Increase Stake In Two Oilfields Offshore Ghana
Friday, November 12, 2021Tullow Oil has exercised its right of pre-emption regarding the sale of Occidental Petroleum’s interests in the Jubilee and TEN fields offshore Ghana to Kosmos Energy.

Neptune Energy Sheds Non-Core Assets In Norway
Friday, November 12, 2021Neptune Energy will be divesting its non-operated working interests in three producing fields and two export pipelines on the Norwegian Continental Shelf.

Baker Hughes Invests in Turquoise Hydrogen
Friday, November 12, 2021Baker Hughes will take an approximately 20 percent stake in Ekona to help advance new project development and commercialization.

TGS Starts Suriname 3D Phase 1
Thursday, November 11, 2021The survey is adjacent to Block 58, which is described as 'prolific' by TGS.

BP and Aker Exploring Aker BP Stake Sale
Thursday, November 11, 2021Aker and BP currently control approximately 40 percent and 30 percent of the shares outstanding in Aker BP, respectively.

Noble Shareholder To Vote Against Merger With Maersk Drilling
Thursday, November 11, 2021After offshore drillers Maersk Drilling and Noble Corporation announced their intent to merge, a Noble shareholder stated that it would vote against such a move.

Cairn Becomes Operator Of Five Deltic SNS Licenses
Wednesday, November 10, 2021Deltic Energy has completed the farm-out agreement for five of its gas licenses in the Southern North Sea with Cairn Energy.

Maersk Drilling Merging With Noble Corporation
Wednesday, November 10, 2021Maersk Drilling and Noble Corporation have agreed to create a combined company with a fleet of 20 floaters and 19 jack-up rigs.

ConocoPhillips Submits PDO for $1.5B North Sea Project
Tuesday, November 09, 2021The total capital investment associated with the project is estimated to be approximately $1.5 billion.

Top Headlines: Shell CEO Talks Shell Break Up at Web Summit and More
Saturday, November 06, 2021Check out some of Rigzone's top stories during the last week.

BP in Talks to Buy JX Nippon North Sea Oil Field Stake
Friday, November 05, 2021JX Nippon said in May that it was considering selling all its U.K. North Sea assets.

Pioneer Announces $3.25B Permian Deal
Friday, November 05, 2021The deal is expected to close towards the end of the fourth quarter of this year.

Chevron-Brightmark JV Delivers First RNG at Lawnhurst
Thursday, November 04, 2021Chevron and Brightmark are teaming up to capture methane from dairy operations across the U.S.

OPEC+ Set for Geopolitical Showdown
Thursday, November 04, 2021OPEC+ is heading for a politically consequential showdown with President Joe Biden.

McDermott and Shell in Decarbonization Deal
Thursday, November 04, 2021The agreement enables McDermott and Shell to explore opportunities for reducing, and eliminating, emissions from construction.

Exxon Selling Black Sea Gas Stake for $1B+
Wednesday, November 03, 2021The deal hinges on Romgaz SA obtaining approval from shareholders, according to a regulatory statement to the Bucharest Stock Exchange on Tuesday.

Xodus Launches Transition Skills Initiative
Tuesday, November 02, 2021X-Academy will provide training opportunities for hundreds of people to work directly on initiatives to reduce emissions and accelerate efforts towards net zero.

Nabors Becomes Chesapeake Preferred Drilling Contractor
Monday, November 01, 2021Nabors said it and Chesapeake are teaming up to further enhance drilling performance.

Saipem and TechnipFMC in SURF Deal
Friday, October 29, 2021Saipem and TechnipFMC said the collaboration will have access to a broad range of SURF products and installation methods.

Petrobras Starts Bidding Phase For Sale Of Urugua And Tambau Fields
Thursday, October 28, 2021Petrobras has started the bidding phase for the sale of the Uruguá and Tambaú fields located in the Santos Basin offshore Brazil.

Var Energi Shareholders Initiating Ownership Review
Thursday, October 28, 2021Var Energi is a full cycle exploration and production company which was established in 2018.

ADNOC in Landmark Clean Energy Partnership
Wednesday, October 27, 2021The collaboration is said to be the largest of its kind in the oil and gas industry.

South Africa Energy Fund Mulls Buying Sapref Refinery
Wednesday, October 27, 2021The state-owned Central Energy Fund, which manages the country's energy assets, is looking at acquiring the 180,000-barrel-a-day plant.

OGA Opens Investigation into North Sea Sale
Wednesday, October 27, 2021The OGA outlined that the investigation was taking place amid concerns it is not progressing as quickly as expected.

EnQuest Completes Golden Eagle Stake Buy
Monday, October 25, 2021EnQuest has completed the buy of a 26.69 percent non-operated equity interest in the Golden Eagle area in the UK North Sea.

India Top Asset Sale Delayed
Monday, October 25, 2021Some bidders are finding it difficult to invest due to sustainability rules.

Petrobras Selling Another Field Offshore Brazil
Friday, October 22, 2021Petrobras started the sale process for its whole interest in the Catuá field located in the Campos Basin offshore Brazil.

Rosneft Sells Stake in Vostok Oil
Wednesday, October 20, 2021The deal was approved at a meeting of the Rosneft Board of Directors.

Louisiana Announces $4.5B Clean Energy Complex
Monday, October 18, 2021Air Products will build, own and operate the megaproject.

Shell-Backed Co Buys Solar Startup
Friday, October 15, 2021Nashville, Tennessee-based Silicon Ranch bought Clearloop for an undisclosed amount.

RockRose Snaps Up 16 SSE's UK North Sea Assets
Friday, October 15, 2021RockRose Energy has completed the buy of a number of UK North Sea producing assets from SSE.

ExxonMobil to Build Plastic Recycling Plant in Texas
Friday, October 15, 2021The new facility follows validation of the initial trial of ExxonMobil's proprietary process for converting plastic waste into raw materials.