Property Acquisitions & Divestitures News

Results 50 articles shown

Shell and ConocoPhillips in $9.5B Permian Deal
Tuesday, September 21, 2021Royal Dutch Shell plc (NYSE: RDS.A) has announced that its subsidiary, Shell Enterprises LLC, has reached an agreement for the sale of its Permian business to ConocoPhillips (NYSE: COP) for $9.5 billion in cash.

Great Interest in Latest Norway License Round
Friday, September 17, 2021There has been great interest in the Norwegian continental shelf during the country's latest licensing round, according to Norway's Ministry of Petroleum and Energy.

Warwick Buys $450MM of Texas Shale Assets
Thursday, September 16, 2021One of the biggest U.S. investors in oil and natural gas wells is buying $450 million worth of assets in the Texas Eagle Ford shale basin from a renowned energy family in Dallas.

ACWA Plans $1.2B Offer in Biggest Saudi IPO Since Aramco
Tuesday, September 14, 2021ACWA Power International is set to raise up to 4.55 billion riyals ($1.2 billion) in what would be the biggest offering in Riyadh since Saudi Aramco's listing.

DOE Awards SPR Oil Sale Contracts
Tuesday, September 14, 2021The U.S. Department of Energy has revealed that contracts have been awarded from a recent congressionally mandated Strategic Petroleum Reserve crude oil sale.

Venezuela Heavy Oil Project Reserves Will be Left Stranded
Monday, September 13, 2021Venezuela's heavy oil project reserves will be left stranded as international players divest their interest, according to GlobalData.

Petrobras' Santos Basin Field Duo Up For Sale
Thursday, September 09, 2021Petrobras puts up for sale two of its operated fields in the Santos Basin offshore Brazil. (Image courtesy of Petrobras)

Neptune Is Said to Consider Merger with Rival
Tuesday, September 07, 2021Neptune Energy Group is considering options including a merger with Harbour Energy that could create one of Europe's largest independent oil and gas companies, people familiar with the matter said.

Enbridge to Buy Moda for $3B
Tuesday, September 07, 2021Enbridge Inc., the Canadian pipeline giant, agreed to acquire Moda Midstream Operating LLC for $3 billion to add U.S. Gulf Coast oil export capacity.

Sale Of TAQA's Oil And Gas Business Could Be On The Cards
Tuesday, September 07, 2021TAQA is reviewing its oil and gas operations with a sale being one of the options considered.

Indian Firms Are Said to Discuss Buying ALNG 2 Stake
Monday, September 06, 2021India's top energy companies, Petronet LNG Ltd. and ONGC Videsh Ltd., are having discussions about buying a stake in Russia's planned liquefied-gas project Arctic LNG 2.

Shell Takes Operatorship of 2 Blocks Offshore South Africa
Thursday, September 02, 2021Impact Oil & Gas has farmed out 50 percent of its working interest in the Transkei & Algoa exploration right off South Africa to oil major Shell.

Taqa May Sell Oil and Gas Assets After Review
Wednesday, September 01, 2021Abu Dhabi National Energy Co. is considering all options for its oil and gas assets, including a potential sale, as the state-owned utility focuses on growing its utilities business.

Pemex Buying Texas Oil Refinery That Lost $360MM
Wednesday, September 01, 2021The Texas oil refinery that Petroleos Mexicanos is buying has racked up a rare net loss of about $360 million this year.

CHC Completes Babcock Deal
Wednesday, September 01, 2021CHC Helicopter Group has announced the completion of its acquisition of Babcock International's offshore oil and gas aviation business.

Enerplus Selling Sleeping Giant
Wednesday, September 01, 2021Enerplus (NYSE, TSX: ERF) has entered into a definitive agreement to sell its interests in the Sleeping Giant field in Montana and the Russian Creek area in North Dakota, both in the Williston Basin.

Ineos Buys Hess Denmark for $150MM
Wednesday, September 01, 2021Ineos E&P has completed a previously announced agreement to acquire the subsidiary Hess Denmark ApS for a total consideration of $150 million.

Noble Corp Sells 4 Jackups for $292MM
Tuesday, August 31, 2021Noble Corporation (NYSE: NE) has announced that subsidiaries of the company have reached a definitive agreement to sell four jackups to ADES International Holding Ltd for $292 million.

Fire Reported on Gulf of Mexico Rig and More
Saturday, August 28, 2021Here are some of Rigzone's top stories during the last week, just in case you missed them...

Venezuela Refinery Deal Values Bonds at 24c on the $
Wednesday, August 25, 2021A deal in which the Venezuelan government exchanged its stake in a refinery in the Dominican Republic to settle debt valued the defaulted bonds at around 24 cents on the dollar.

USA Holds Largest Oil Reserves Sale in 7 Years
Tuesday, August 24, 2021The U.S. is holding its largest sale of oil from strategic reserves since 2014 at a time when the outlook for fuel demand is darkening amid the resurgent Covid-19 virus.

Brookfield Wins Investor Support for IP Deal
Monday, August 23, 2021Brookfield Infrastructure Partners LP has won enough shareholder backing to push ahead with its $6.7 billion takeover of Inter Pipeline Ltd.

Schlumberger Exits OTC and More
Saturday, August 21, 2021Here are some of Rigzone's top stories during the last week, just in case you missed them.

ConocoPhillips Williston Basin Oil Assets Up for Sale
Wednesday, August 18, 2021ConocoPhillips is marketing its Williston Basin oil assets for a potential sale, according to people with knowledge of the matter.

Woodside and BHP to Merge Oil and Gas Portfolios
Tuesday, August 17, 2021Woodside Petroleum Ltd and BHP Group have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all-stock merger.

Aramco in Advanced Talks on Up to $25B Reliance Deal
Monday, August 16, 2021Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd.'s oil refining and chemicals business, people with knowledge of the matter said.

Woodside Confirms BHP Discussions
Monday, August 16, 2021Woodside has confirmed that it is engaged in discussions with BHP.

G7 Comments on Oil Tanker Attack and More
Saturday, August 14, 2021Here are some of Rigzone's top stories during the last week, just in case you missed them...

Thailand Oil Giant Going on Green Spending Spree
Friday, August 13, 2021Thailand's oil giant is suddenly spending billions of dollars on electric-vehicle and renewable-energy companies and tilting its traditional businesses toward chemicals and plastics.

Ecopetrol Signs $3.6B Deal to Acquire ISA
Thursday, August 12, 2021Colombia's state-controlled oil company Ecopetrol SA signed a $3.6 billion deal with the Finance Ministry to acquire electricity transmission company Interconexion Electrica SA, or ISA.

Chesapeake and Vine Make $2.2B Deal
Thursday, August 12, 2021Chesapeake Energy Corporation (NASDAQ: CHK) revealed on August 11 that it has struck a deal to acquire Vine Energy Inc. (NYSE: VEI).

Indigenous Group Seeks Trans Mountain Stake
Wednesday, August 11, 2021Natural Law Energy, the Canadian indigenous group that sought a stake in the now defunct Keystone XL pipeline, has shifted its focus to owning part of the Trans Mountain oil sands pipeline to the Pacific.

Aramco Chemicals Deal Shows Signs of Paying Off
Monday, August 09, 2021Saudi Aramco's decision to buy chemicals maker Sabic, which led its debt levels to burst through a self-imposed borrowing target, is now showing signs of paying off.

Devon and Conoco Study Shell Permian Assets and More
Saturday, August 07, 2021Here are some of Rigzone's top stories during the last week, just in case you missed them...

Saudi Oil Challenged in Asia
Friday, August 06, 2021Saudi Arabia's move to push up the cost of its oil in Asia may backfire as an outbreak of the delta virus variant in China damps demand, while the U.S. and Russia offer more competitively priced alternatives.

Russia Second Among Foreign Oil Suppliers to USA
Thursday, August 05, 2021Russia is supplying more oil to the U.S. than any other foreign producer aside from Canada as American refiners scour the globe for gasoline-rich feedstocks to feed surging motor-fuel demand.

Subsea 7 Makes Floating Wind Acquisition
Wednesday, August 04, 2021Subsea 7 has announced that it has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L.

Adnoc Sells Trial Cargo of Blue Ammonia to Itochu
Tuesday, August 03, 2021The United Arab Emirates agreed to sell its first cargo of blue ammonia as the oil producer aims to boost supply of cleaner fuels to buyers in Asia.

Devon and Conoco Study $10B Shell Permian Assets
Tuesday, August 03, 2021Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc's portfolio of Permian Basin oil fields, people familiar with the matter said.

WSJ Owner to Buy Oil Data Firm for $1.15B
Monday, August 02, 2021News Corp., the owner of the Wall Street Journal, agreed to acquire Oil Price Information Service for $1.15 billion.

Oil Search and Santos to Merge into LNG Powerhouse
Monday, August 02, 2021Australia's second and third biggest oil and gas companies are set to merge to become one of the largest in the region and in the top 20 globally.

Haaland Accused of Defying USA Judge on Oil Leasing
Wednesday, July 28, 2021Six weeks after a federal judge ordered the Biden administration to resume selling oil and gas leases on federal land, there's no sign it has and Interior Secretary Deb Haaland struggled Tuesday to explain why.

Brookfield Wins Inter Pipeline Backing for $6.8B Deal
Wednesday, July 28, 2021Canada's Inter Pipeline Ltd. told shareholders to accept a C$8.6 billion ($6.8 billion) hostile takeover offer from Brookfield Infrastructure Partners LP.

Brookfield Moves Closer to Pipeline Victory
Tuesday, July 27, 2021The takeover battle for one of Canada's largest energy companies moved closer to resolution.

Lime Rock Buys Texas Assets for $500MM+
Tuesday, July 27, 2021Lime Rock Resources has reached a definitive agreement to buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from a private seller.

Eni Expands Renewable Projects
Monday, July 26, 2021Eni (NYSE: E), through Eni gas e luce, has signed a deal with Azora Capital for the acquisition of a portfolio of nine renewable energy projects in Spain.

Whiting Boosts Williston Basin Drilling Inventory
Thursday, July 22, 2021The Williston Basin deal spans 8,752 net acres.

Valaris Bags 16-Well Drill Deal and More
Saturday, July 17, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Texas Oil Cos in $370MM Merger Deal
Thursday, July 15, 2021Penn Virginia Corporation (NASDAQ: PVAC) has entered into a definitive merger agreement with Lonestar Resources US Inc. (OTCQX: LONE) to acquire the company in an all-stock transaction.

TotalEnergies in $750MM+ LNG Deal
Wednesday, July 14, 2021TotalEnergies (NYSE: TTE) has revealed that it has entered into a multimillion dollar infrastructure agreement, related to the Gladstone LNG project, with GIP Australia.