Property Acquisitions & Divestitures News


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TotalEnergies Sells Small-Scale Solar Assets in Europe
The sale is part of TotalEnergies' efforts 'to refocus its renewable development on large utility-scale solar and wind farms in order to benefit from economies of scale', the French energy giant said.
8:00 PM EST | July 11, 2026
BP Exits Bay du Nord Project offshore Canada
'The transaction is consistent with BP's continued focus on portfolio simplification and disciplined capital allocation'.
8:00 PM EST | July 06, 2026
Bangchak Completes Acquisition of Chevron Hong Kong
The Thai group said it had completed the purchase of Chevron's fueling business in Hong Kong, though acquired stations continue to offer the Caltex brand for two years.
8:00 PM EST | July 06, 2026
Russia Oil Price Falls to Pre-Iran War Level
Russia's flagship crude price has slid to levels seen before the conflict in the Middle East.
8:00 PM EST | July 05, 2026
BP, JERA Raise Stake in 2 Belgian Offshore Wind Farms
JERA Nex bp, the 50:50 offshore wind joint venture of Japan's JERA and Britain's BP, completed the purchase of Sumitomo's stakes in two Belgian offshore wind facilities with a combined capacity of 384 megawatts.
8:00 PM EST | July 05, 2026
Shell Offloads Stake in US Gulf Production Hub
Shell is selling its 50 percent ownership in its only non-operated platform in the Gulf of America, including associated fields, and 100 percent in the Coulomb tieback to Ridgewood Energy and Talos Energy for $1.7 billion.
8:00 PM EST | July 01, 2026
Russia Gasoline Shortage Starts to Spill Into Central Asia
Russia's gasoline-supply crunch is starting to ripple into Central Asia.
8:00 PM EST | July 01, 2026
Saudi Oil Exports Approach Pre-War Levels
Saudi Arabia's crude oil exports have surged close to their pre-war levels as the kingdom starts getting its tankers through the Strait of Hormuz again.
8:00 PM EST | July 01, 2026
Saudis Make Rare Spot Oil Sales
Saudi Arabia is taking the unusual step of selling millions of barrels of oil on an ad-hoc basis to customers in Asia.
8:00 PM EST | June 30, 2026
India Plans to Cut Reliance on Middle East Oil
India's state oil refiners are planning to reduce their reliance on the Middle East following the supply shock of the Iran war, according to people familiar with the matter.
8:00 PM EST | June 29, 2026
Pakistan Urgently Seeks LNG
Pakistan is seeking to buy liquefied natural gas for delivery this week as a string of attacks in the Strait of Hormuz disrupts flows of the super-chilled fuel.
8:00 PM EST | June 28, 2026
Saipem Divests Saudi Shallow Water Rigs
'The transaction represents a further step in the implementation of Saipem's strategy aimed at focusing its portfolio on deepwater and harsh-environment offshore drilling'.
8:00 PM EST | June 23, 2026
Var Energi Realigns Stakes offshore Norway
Var Energi signed agreements to acquire Pandion Energy's remaining interests offshore Norway, swap stakes with DNO and farm down its operated Goliat and Fenja fields.
8:00 PM EST | June 21, 2026
Chevron Expands Exploration Footprint in Greek Mediterranean
Chevron and Helleniq Energy have now expanded their partnership in Greece to five offshore concessions.
8:00 PM EST | June 15, 2026
Shell Plots $1B Wind Farms Sale
Shell is preparing to launch a sale of its offshore wind farms in the oil major's latest move away from renewable energy to focus on its higher-returning fossil fuel business.
8:00 PM EST | June 13, 2026
Kuwait Offers Oil to Asian Buyers for 1st Time Since War
Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started.
8:00 PM EST | June 08, 2026
Energean Faces Competition for Chevron Stakes in Angola Blocks
Etu Energias is exercising its pre-emption right in an agreement under which Chevron is selling its interests in 2 producing oil and gas licenses offshore Angola to Energean.
8:00 PM EST | June 03, 2026
Kretinsky Sees Potential to Boost TotalEnergies Stake
'Given that we currently own a stake of less than 5 percent, if we felt the need to further diversify, we could continue increasing our stake in Total'.
8:00 PM EST | May 29, 2026
NOG Enters Canada with Duvernay Acquisition from Parallax
Minnesota-based Northern Oil and Gas signed a deal to buy a 25 percent stake in light-oil assets in the Duvernay shale from Parallax for an initial price of around $259 million, marking its entry into Canada.
8:00 PM EST | May 27, 2026
Petrofac Emirates Sold to Mason-Led Consortium
Petrofac, under administration since 2025, said it had completed the divestment of its core engineering and construction business in the UAE to a consortium of financial investors led by Mason and Pearlstone Alternative.
8:00 PM EST | May 26, 2026
Aramco Exits Malaysian Refining, Petrochemical Complex
'Recent developments in global energy markets have underscored the importance of operational agility for energy infrastructure of strategic national significance', Malaysia's state-owned Petronas said.
8:00 PM EST | May 26, 2026
DOI Bags Over $4B from Texas, New Mexico Lease Sale
The U.S. Department of the Interior announced that it generated over $4 billion in total receipts from a Bureau of Land Management oil and gas lease sale in New Mexico and Texas.
8:00 PM EST | May 25, 2026
USA Upstream M&A Hit $38B in Q1
U.S. upstream mergers and acquisitions hit $38 billion in the first quarter of this year before volatility 'pause[d]… the market', Enverus Intelligence Research noted.
8:00 PM EST | May 17, 2026
Eneos Buys Chevron Oil Assets in APAC for $2.2B
The Japanese refiner agreed to purchase some of Chevron's refining and retail assets across the Asia-Pacific for $2.17 billion.
8:00 PM EST | May 13, 2026
Iberdrola Acquires Another Installed RE Plant in Italy
The Spanish power and gas utility said it now has about 450 MW of installed renewable energy capacity in Italy, part of an expansion in markets it deems to have a stable regulatory.
8:00 PM EST | May 13, 2026
Aramco Targets Raising Over $10B From Property Portfolio
Saudi Aramco is considering plans to raise billions of dollars from its real estate assets.
8:00 PM EST | May 12, 2026
BP Enters 6 Exploration Blocks in Uzbekistan
The six-block North Ustyurt production sharing contract is BP's first project in the Central Asian country.
8:00 PM EST | May 12, 2026
Devon, Coterra Complete $58B Merger
Devon Energy Corporation and Coterra Energy Inc have completed their merger, a statement posted on Devon's website announced.
8:00 PM EST | May 07, 2026
Kimmeridge, Mubadala Raise JV Production to Over 1Bcfd
Caturus, the JV, completed its acquisition of Galvan Ranch in Texas from SM Energy for $950 million.
8:00 PM EST | April 30, 2026
Phillips 66 Now Owns Lindsey Refinery
'This strategic move will unlock new growth opportunities for traditional and renewable fuels and help protect UK energy security at a time when domestic production is under pressure'.
8:00 PM EST | April 27, 2026
Seatrium Seals Tugboat Fleet Divestment
The sale to fellow Singaporean company KST Maritime is part of a series of non-core divestments that the offshore energy contractor expects would deliver around $39.15 million in cost savings.
8:00 PM EST | April 27, 2026
Iberdrola Completes Mexico Exit
Iberdrola completed the sale of its Mexican assets, including 2.6 GW of installed capacity, to fellow Spanish company Cox for $4 billion.
8:00 PM EST | April 26, 2026
Chevron Expands Heavy Oil Footprint in Venezuela
In an asset swap, PDVSA agreed to sell a 13.21 percent stake in the Petroindependencia JV to Chevron, whose ownership would increase to 49 percent.
8:00 PM EST | April 15, 2026
Bessent Says USA Won't Renew Iranian, Russian Oil Waivers
Treasury Secretary Scott Bessent reaffirmed that the U.S. would not renew general licenses that allowed for the temporary sale of certain Russian and Iranian crude.
8:00 PM EST | April 15, 2026
Iberdrola to Raise Italian Capacity to 400MW with CCE Acquisition
The Spanish company signed a deal to acquire a recently commissioned 42-MW solar plant in Lazio from Austria-headquartered CCE.
8:00 PM EST | April 15, 2026
Equinor to Exit RE Producer Scatec
'Scatec and Equinor continue to be partners in the Apodi and Mendubim operating solar assets in Brazil'.
8:00 PM EST | April 14, 2026
BP Acquires Its First Operated Stakes in Namibia
'Namibia is a region attracting growing industry interest and has a number of exciting frontier basins'.
8:00 PM EST | April 13, 2026
Petrobras to Take Back Petronas Co-Projects in Campos Basin
State-owned Petrobras will assume full ownership by acquiring Malaysian counterpart Petronas' 50 percent stakes for $450 million.
8:00 PM EST | April 12, 2026
Petrofac Completes Business Sale to CBI
CB&I consummated the acquisition of Petrofac's Asset Solutions business, saving jobs for about 3,000 workers.
8:00 PM EST | April 09, 2026
Perenco Seals Acquisition of Saturn Banks Fields from CalEnergy
Perenco acquired a 50 percent operating stake in the already developed Blythe and Elgood fields.
8:00 PM EST | April 08, 2026
Iberdrola Sells SP Dataserve to Bluewater
'The sale of this non-core subsidiary forms part of Iberdrola's active portfolio management strategy, which focuses on strengthening its core businesses and optimizing capital allocation'.
8:00 PM EST | March 26, 2026
Serica Completes Greater Laggan Acquisition from TotalEnergies
'The acquisition delivers a new operated hub for Serica in the West of Shetland basin with current net production of just over 5,000 boepd'.
8:00 PM EST | March 26, 2026
Saudi Arabia, Kuwait Push Energy Deals despite War
Saudi Arabia and Kuwait are attempting to press on with planned multibillion-dollar energy deals despite a widening conflict that has seen Iran target oil and gas infrastructure across the Middle East.
8:00 PM EST | March 23, 2026
Maha to Acquire Stake in Venezuela's PetroUrdaneta
Maha made the decision following the U.S. Treasury's issuance of a 'general license' for certain transactions involving Petroleos de Venezuela.
8:00 PM EST | March 22, 2026
BP to Sell German Refinery to Klesch
BP has raised its target for 'structural cost reductions' by 2027 to $6.5-7.5 billion following a deal to divest its refinery and associated assets in Gelsenkirchen, Germany to Klesch.
8:00 PM EST | March 18, 2026
Petrofac Secures Deal to Sell Emirates Business
'Petrofac Emirates encompasses Petrofac's core engineering and construction (E&C) capability, including the E&C execution teams in the UAE, Chennai and Mumbai'.
8:00 PM EST | March 17, 2026
Court Upholds Petrofac Deal with Creditors
A court upheld a 'voluntary arrangement' between the energy engineering company and certain creditors, in a challenge by UK tax authorities that threatened to delay Petrofac's sale of its Asset Solutions business.
8:00 PM EST | March 12, 2026
Shell Sells Part of US Lubes Business to Monomoy for $1.3B
'By capitalizing on a strong market opportunity, this divestment allows us to monetize an asset that is not central to Shell's lubricants portfolio in the U.S. and reinvest in opportunities that generate higher returns'.
8:00 PM EST | March 09, 2026
Iberdrola Seals Acquisition of 242 MW Wind Farm in Victoria
The Spanish power and gas utility has expanded its Australian presence to five states.
8:00 PM EST | March 08, 2026
TotalEnergies to Farm Down German Battery Storage Portfolio
'In line with our business model, this transaction enables us to optimize our capital allocation in our integrated power activities and helps improve the sector's profitability'.
7:00 PM EST | March 03, 2026