Property Acquisitions & Divestitures News

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EU Backs Russia Sanctions Package Including Oil Price Cap
Wednesday, October 05, 2022The European Union backed a new package of sanctions against Russia.

Sval Energi Wraps Up Equinor, Suncor Deals Worth 1.3Bn
Tuesday, October 04, 2022Sval Energi has closed the Martin Linge and Greater Ekofisk Area transactions with Equinor and the acquisition of Suncor Energy Norge.

Eni Working With Gazprom to Restore Italy Gas Flows
Monday, October 03, 2022Eni SpA is working with Gazprom PJSC and Austria to restore Russian natural gas flows to Italy.

Noble And Maersk Drilling Create Leader In Offshore Drilling
Monday, October 03, 2022After almost a year since its announcement, Noble Corporation and Maersk Drilling have completed their business combination.

Biden Admin Readies New Sanctions Targeting Iran Oil Exports
Friday, September 30, 2022The U.S. imposed sanctions on a Chinese crude-oil storage operator and nine other entities accused of violating restrictions on Iranian oil exports.

Tullow Not The Right Suitor, Capricorn Merging With NewMed
Friday, September 30, 2022Capricorn and NewMed have announced a proposed combination to create a MENA gas and energy firm listed in London.

Taliban Sign Deal With Russia to Buy Cheap Oil and Gas
Wednesday, September 28, 2022Afghanistan's ruling Taliban have signed an agreement with Russia to import fuel and wheat at a discount.

Energy Analyst Flags Dislocated Shoulder Season
Tuesday, September 27, 2022'This year is different'.

QatarEnergy Selects First International Partner for NFS Expansion Project
Tuesday, September 27, 2022The NFS development comprises two LNG 'mega' trains with a combined capacity of 16 million tons per annum.

Germany Secures 1 Tanker of Gas During Scholz Gulf Tour
Monday, September 26, 2022German Chancellor Olaf Scholz secured just one shipment of liquefied natural gas from the United Arab Emirates.

Russia Sets Out How Much It's Going to Cut Gas Flow
Friday, September 23, 2022Russia set out just how much its gas flows to the global market will fall in the next three years.

Russia Losing Gas War
Thursday, September 22, 2022Russia is losing its gas war against Europe, according to Standard Chartered analysts.

Britain Seeks USA Gas Deals
Thursday, September 22, 2022The UK is trying to secure long-term supplies of liquefied natural gas from U.S. producers.

Russia Says It Thwarted Attack on Energy Link
Thursday, September 22, 2022Russia has already cut shipments to Europe through major pipelines.

Uncertainty Remains Around EU Nord Stream 1 Flows
Thursday, September 22, 2022Is it possible that Europe is starting to see consumers nominate volumes along Nord Stream 1?

Talos To Buy EnVen Energy For $1.1 Billion
Thursday, September 22, 2022Talos Energy has bought private U.S. Gulf of Mexico deepwater operator EnVen Energy for $1.1 billion.

Qatar Says Talks with Germany on LNG Contracts Ongoing
Wednesday, September 21, 2022Qatar and Germany are continuing to discuss supplies of natural gas.

Origin to Sell 100 Percent of Its Beetaloo Basin Stake
Tuesday, September 20, 2022Origin Energy Limited has revealed that it will divest 100 percent of its interest in the Beetaloo Basin.

Vessel Shortage Makes Soaring Shipping Costs New Energy Threat
Tuesday, September 20, 2022Costs for shipping energy are surging.

Neste Oyj Starts Strategic Review to End Refining in Finland
Monday, September 19, 2022Neste is seen as somewhat of a pioneer in the oil industry.

Granholm Call to Build USA Fuel Stockpiles a Losing Proposition
Monday, September 19, 2022Diesel futures in New York are trading in the widest backwardation for this time of year in data going back to 2008.

KCA Deutag Secures Job Extensions to the Tune of $112MM
Monday, September 19, 2022KCA Deutag has secured job extensions, as well as options, worth around $112 million.

Russia Could Find New Markets for Half the Oil Shunned by the EU
Sunday, September 18, 2022Russia's oil industry, which accounts for roughly 10 percent of the global production and is a key source of revenue for the Kremlin, already faces significant sanctions after its invasion of Ukraine.

Top Headlines: Oil Futures Signal Death Cross and More
Saturday, September 17, 2022Check out some of Rigzone's top stories during the last week.

Diesel Margins Tank
Thursday, September 15, 2022The cost of diesel is plunging around the world.

Zephyr Acquires Assets Around Its Paradox Project In Utah
Thursday, September 15, 2022Zephyr Energy has agreed to acquire oil and gas assets surrounding its Paradox project in Utah.

China Mulling U-Turn for More Fuel Exports
Thursday, September 15, 2022China is considering allowing its oil refiners to export more fuel.

Biden Officials Weigh Buying Oil at Around $80
Wednesday, September 14, 2022The U.S. may begin refilling its emergency oil reserve when crude prices dip.

Majors Line Up for Latest Norway Licensing Round
Wednesday, September 14, 2022Shell, TotalEnergies, ConocoPhillips and Equinor all applied for production licenses.

TransGlobe Advises Shareholders To Vote For Vaalco Merger
Wednesday, September 14, 2022TransGlobe Energy Corporation advised its shareholders to vote for the business combination with Vaalco Energy.

Russia Energy Revenue Drops
Tuesday, September 13, 2022Russia's energy revenues shrank in August.

Tailwater Sells Natural Gas Supplier For $423M To Williams
Monday, September 12, 2022Tailwater Capital has entered into a definitive agreement to sell NorTex Midstream to the Williams Field Services Group for $423 million.

Berkshire Hikes Occidental Stake
Monday, September 12, 2022Warren Buffett's Berkshire Hathaway Inc. boosted its stake in Occidental Petroleum Corp.

India Says Share of Russian Oil in Total Purchases Jumped Six-Fold
Sunday, September 11, 2022India says Russian oil now accounts for 12 percent of its overall purchases of the commodity.

Halliburton Wraps Up Exit From Russian Operation
Friday, September 09, 2022Halliburton has completed the sale of its Russia operations to a Russia-based management team made up of former Halliburton employees.

Chesapeake Says Tremendous Interest in Eagle Ford Assets
Thursday, September 08, 2022The company has fielded data requests from prospective buyers.

EQT In $5.2B Appalachia Bolt on Deal
Thursday, September 08, 2022The deal is the largest U.S. upstream transaction in about a year.

Eni Buys Stakes In Two Producing Fields In Algeria From BP
Wednesday, September 07, 2022Eni has agreed to acquire BP's business in Algeria, including the In Amenas and In Salah gas-producing concessions.

Sitio and Brigham Announce $4.8B Merger
Wednesday, September 07, 2022The deal is said to have an aggregate enterprise value of approximately $4.8 billion.

Goldman Sees $2T Surge in Europe Energy Bills by 2023
Tuesday, September 06, 2022'In our view, the market continues to underestimate the depth, the breadth and the structural repercussions of the crisis'.

Gazprom Starts Producing LNG at Plant Near Nord Stream Pipeline
Tuesday, September 06, 2022Gazprom PJSC has produced its first liquefied natural gas at a small-scale facility on the Baltic Coast.

Equinor Ends Involvement in Russia with Kharyaga Project Exit
Tuesday, September 06, 2022Equinor has completed its exit from the Kharyaga project, ending its involvement in Russian projects.

Nord Stream Pipeline Fully Shut Down
Monday, September 05, 2022Gas transmission via the Nord Stream gas pipeline has been fully shut down.

Shell Walks Away From Major Russian LNG Project
Friday, September 02, 2022Shell Plc will walk away from Russia's Sakhalin-2 liquefied natural gas project with nothing.

Exxon Takes Legal Action After Putin Blocks Final Russian Exit
Tuesday, August 30, 2022Exxon Mobil Corp. took the first step toward filing a lawsuit against Russia.

Schlumberger, Subsea 7, Aker Solutions Form New Subsea Business
Tuesday, August 30, 2022Schlumberger, Aker Solutions, and Subsea 7 will be creating a subsea production joint venture to unlock more reserves and reduce cycle time for customers.

Diesel Pinch Looms
Friday, August 26, 2022The global diesel market looks set to get even tighter.

ADNOC Drilling Buys Two More Premium Jack-Ups
Friday, August 26, 2022ADNOC Drilling has signed a sale and purchase agreement to acquire an additional two premium offshore jack-up drilling rigs.

Biden Admin Urges Fuel-Export Cuts to Restock Northeast
Friday, August 26, 2022The Biden administration is warning refiners that it may take 'emergency measures'.

Bidding War Between Asia and EU on Who Gets Most USA LNG
Thursday, August 25, 2022There's basically a bidding war now between Asia and Europe on who gets the most U.S. LNG, according to RANE.