Property Acquisitions & Divestitures 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.

Petrobras Sees More Oil Field Sales
Wednesday, December 01, 2021Brazil's state-controlled oil company plans to continue selling off its least profitable oil fields.

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.

Standard Drilling Sells Vessel for $10MM+
Wednesday, November 24, 2021The sale of the vessel will result in a gain for Standard Drilling of gross $2.3 million.

$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.

Top Headlines: Phillips 66 Converting Louisiana Refinery and More
Saturday, November 20, 2021Check out some of Rigzone's top stories during the last week.

DSME Finally Sells Ex-Vantage Rig After Years Of Trying
Friday, November 19, 2021The saga of DSME attempting to sell a drillship, initially ordered by Vantage Drilling, has come to an end with TPAO becoming the new owner.

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.

Biden Auction to Test Industry Appetite
Wednesday, November 17, 2021The sale will take place despite pleas from environmental activists for its cancellation.

Awilco Drilling To Recycle Stacked 38-Year-Old Rig
Wednesday, November 17, 2021Awilco Drilling has decided to scrap one of only two rigs in its fleet, which has been stacked since 2016.

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.

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.

Canadian Natural to Buy Storm Resources
Friday, November 12, 2021CNRL noted that it will assume Storm's total debt, working capital deficit and other monetary obligations of approximately $186 million.

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.

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.

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.

Venture Global and Sinopec in Historic LNG Deal
Friday, November 05, 2021Venture Global highlighted that the transaction represented the largest single LNG supply deal ever signed by a U.S. company and noted that it will double imports of U.S. LNG to China.

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.

Noble Sells Rig Quartet To ADES
Thursday, November 04, 2021Noble Corporation has wrapped up the sale of four jack-up rigs to a subsidiary of ADES International Holding.

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.

Oil Refiner Weighs Spinoff of Renewables Business
Wednesday, November 03, 2021"We are taking a long-term view and want to prepare for the future," CVR Chief Executive Officer Dave Lamp said.

Cairn Sells Interest In Catcher, Kraken Fields For $455M
Wednesday, November 03, 2021Cairn Energy has completed the sale of its interests in the Catcher and Kraken fields located off the UK for $455 million.

Shell CEO Talks Shell Break Up at Web Summit
Wednesday, November 03, 2021Royal Dutch Shell plc chief executive officer Ben van Beurden was at the Web Summit conference in Portugal this week.

Marathon Petroleum Weighs Alaska Refinery Sale
Tuesday, November 02, 2021Marathon Petrolelum Corp. is weighing a sale of its Kenai refinery.

Maersk Drilling Sells Inspirer Rig
Friday, October 29, 2021The all-cash transaction divests a non-core asset and significantly deleverages Maersk Drilling's balance sheet, Maersk Drilling said.

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.

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.

Bolsonaro Publicly Floats Privatization of Petrobras
Tuesday, October 26, 2021While shares have rallied on the news, it won't be easy.

Cheniere Strikes LNG Deal with Glencore
Tuesday, October 26, 2021Glencore has agreed to purchase approximately 0.8 million tons per annum of LNG from Cheniere Marketing on a free-on-board basis for a term of approximately 13 years.

BW Energy Buys Aquadrill Semi-Sub Rig For $14M
Tuesday, October 26, 2021BW Energy has bought Aquadrill’s semi-submersible drilling rig Leo which will be repurposed for the company’s Kudu development.

QatarEnergy Farms Into ExxonMobil's Block Offshore Canada
Tuesday, October 26, 2021QatarEnergy has signed a farm-in agreement with ExxonMobil for an exploration license offshore Canada.

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.

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