Property Acquisitions & Divestitures News

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Chevron Launching Layoffs in April
Tuesday, February 25, 2020 Some employees will be offered temporary assignments, with extended layoff dates potentially through the end of this year.

Fight Over Mexico Oil Field Snags Stake Sale
Monday, February 24, 2020 The conflict over Zama has ignited concerns in the oil sector that politics will override economic and technical data.

Phillips 66 Partners Snags Liberty Pipeline Interest
Monday, February 24, 2020 Liberty Pipeline will provide oil transportation service from the Rockies and Bakken production areas to Cushing, Oklahoma.

Enbridge, NextDecade Strike Pipeline Deal
Monday, February 17, 2020 Enbridge will buy Rio Bravo Pipeline Co. from NextDecade for a cash price not to exceed $25 million.

Investors Tightening the Screws on Oil, Gas Acquisitions
Monday, February 17, 2020 M&A activity in oil and gas has almost ground to a halt after a flurry of deals last autumn.

Zion Purchases Land Rig, Forms New Subsidiaries
Friday, February 07, 2020 Zion will purchase the rig for drilling in Israel with immediately available cash.

China LNG Force Majeure Rejected
Friday, February 07, 2020 Two of Europe's biggest energy companies rejected a Chinese force majeure on liquefied natural gas contracts in the latest twist to a drama that's gripping global commodities markets.

Wood to Sell Industrial Services Business
Thursday, February 06, 2020 Wood has announced the sale of its industrial services business to technical services provider Kaefer.

Shell Divests California Refinery
Tuesday, February 04, 2020 PBF acquired the Bay Area refinery and inventory for $1.2 billion.

Petrobras and Chevron Selling Stake in Papa-Terra Field
Tuesday, February 04, 2020 Papa-terra field is part of the BC-20 concession and is located at a water depth of 1,200 meters.

RockRose to Buy North Sea Cotton Gas Field
Tuesday, February 04, 2020 RockRose has signed an agreement to acquire 100 percent of the equity of Speedwell Energy (1) Limited, which holds a 100 percent interest in the Cotton gas field in the UK sector of the Southern North Sea.

Top Rigzone Articles Roundup
Friday, January 31, 2020 Here's a roundup of Rigzone's top five most popular articles during the last couple of weeks, in order, just in case you missed them...

BCE-Mach III Snags Alta Mesa, Kingfisher Assets Via Bankruptcies
Thursday, January 30, 2020 The partnership is gaining a variety of assets for a combined purchase price of $320 million.

Bristow and Era to Merge
Tuesday, January 28, 2020 Bristow Group and Era Group have entered into a definitive agreement to combine the two companies in an all-stock transaction.

Tullow, Total Plan Sale of Stakes in Kenya Oil Fields
Thursday, January 23, 2020 The French energy giant is seeking to sell half of its 25 percent stake in the fields.

Exxon Mulling Upstream Asset Sales in North Sea, Germany
Thursday, January 23, 2020 The two sales could fetch more than $2 billion combined.

Aramco International Listing Still on the Cards
Wednesday, January 22, 2020 Saudi Aramco is still considering listing shares abroad, the kingdom's Finance Minister Mohammed Al-Jadaan said.

Global Exploration Poised for Upswing
Monday, January 20, 2020 Global exploration is poised for an upswing as operators flock to licensing rounds, according to Rystad Energy.

Rosenberg Says Energy Shares are Downright Cheap
Tuesday, January 14, 2020 Energy stocks are cheap among S&P 500 peers, and there's already plenty of bad news baked into the sector, according to David Rosenberg.

Repsol Weighs Potential Sale of Malaysian Assets
Friday, January 10, 2020 Repsol SA is exploring options for its Malaysian upstream operations including a potential sale as the Spanish oil company reviews its global portfolio.

$20B Fund Keeps Equinor Blacklisted
Wednesday, January 08, 2020 Equinor just unveiled its most ambitious climate plan yet, but it isn't enough to get Norway's biggest oil company off the exclusion list of a major Danish pension fund.

BP and Premier Oil in $625MM North Sea Deal
Tuesday, January 07, 2020 BP has agreed terms to sell its interests in the Andrew area, and its non-operating interest in the Shearwater field, to Premier Oil for $625 million.

Bankrupt Alta Mesa Gets $310MM Bid
Monday, January 06, 2020 JV BCE-Mach III LLC offered up a stalking horse bid for the embattled energy company and its midstream affiliate.

Shell Makes Haynesville Shale Deal
Tuesday, December 31, 2019 Castleton Resources has acquired the East Texas and North Louisiana Haynesville shale assets of Shell's subsidiary, BG US Production Company.

Petronas Completes Offshore Brazil Deal
Monday, December 30, 2019 Petronas has completed the acquisition of a 50 percent stake in the Tartaruga Verde producing field and Module III of the Espadarte field.

Exxon Secures Exploration Acreage Offshore Egypt
Monday, December 30, 2019 Exxon Mobil Corp. said Monday it has secured more than 1.7 million acres for exploration offshore Egypt.

TC Energy to Sell Majority Stake in Coastal GasLink Pipeline
Thursday, December 26, 2019 TC Energy Corporation has agreed to sell 65 percent equity interest in the Coastal GasLink Pipeline Project to private equity group KKR & Co. Inc. and Alberta Investment Management Corporation.

Aramco Falls Below $2T
Wednesday, December 18, 2019 Shares in Saudi Aramco dropped for a second day in a row.

Devon Energy Sells Barnett Shale Assets for $770MM
Wednesday, December 18, 2019 Devon Energy Corp. has agreed to sell its Barnett Shale assets to Banpu Kalnin Ventures for $770 million.

WPX Energy to Buy Felix Energy for $2.5B
Tuesday, December 17, 2019 Independent energy producer WPX Energy will purchase Felix Energy for $2.5 billion.

Aramco Shares Dip
Tuesday, December 17, 2019 Shares in Aramco fell, losing ground for the first time since the oil giant's record initial public offering last week.

UK Offshore Round Generates Considerable Interest
Monday, December 16, 2019 The UK's latest offshore licensing round generated 'considerable interest', according to the UK's Oil & Gas Authority.

Aramco Set to Pay Banks $64MM for Record IPO
Friday, December 13, 2019 Saudi Aramco is poised to pay a combined $64 million to the banks that arranged the world's largest initial public offering.

Aramco Reaches $2T Goal
Thursday, December 12, 2019 Saudi Aramco jumped for a second day, pushing the oil giant's value beyond the $2 trillion mark.

Var Energi Closes Exxon Deal
Thursday, December 12, 2019 Var Energi has confirmed that its acquisition of ExxonMobil's upstream business in Norway has completed.

Basic Energy Exits Pressure Pumping Business
Thursday, December 12, 2019 The company's pumping business lines remain in a structurally disadvantaged position, as they are its most capital-intensive businesses.

Aramco Soars in Debut
Wednesday, December 11, 2019 Saudi Aramco shares surged after the initial public offering, valuing the oil producer at a record $1.88 trillion.

Talos Splashes $640MM on US GOM Assets
Wednesday, December 11, 2019 Talos Energy has entered into a series of definitive agreements to acquire a portfolio of U.S. Gulf of Mexico assets for $640 million.

Total Gets Libya Approval to Buy MOC Concession
Wednesday, December 11, 2019 Libya's state energy company approved French oil giant Total SA's acquisition of Marathon Oil Corp.'s assets in the North African country.

Aramco Stock Will Have Plenty of Support
Monday, December 09, 2019 When shares of Saudi Arabia's national oil company begin trading Wednesday, the stars will be aligned to ensure that the stock price holds up.

Petronas Raises $1.4 Billion
Monday, December 09, 2019 The selldowns will rank among the biggest-ever block trades in Malaysia.

Aramco Raises $25.6B in World's Biggest IPO
Friday, December 06, 2019 Saudi Aramco raised $25.6 billion from the world's biggest initial public offering.

Petrofac Mulls Offshore Oil Asset Sale in Malaysia
Friday, December 06, 2019 Petrofac Ltd., the U.K.-listed oilfield service provider, is weighing a sale of its Malaysian assets for about $300 million.

EnQuest Gets Offshore Malaysia PSC
Wednesday, December 04, 2019 EnQuest has been awarded the Block PM409 Production Sharing Contract by Petronas.

Aramco Considers Pricing at Top
Wednesday, December 04, 2019 Saudi Aramco is considering pricing its initial public offering at the top end of a marketed range, people with knowledge of the matter said.

Russia Opens Giant Gas Link to China
Monday, December 02, 2019 The world's biggest natural gas exporter and one of the globe's top consumers of the fuel cemented their energy cooperation on Monday.

Aramco IPO Bids Reach $44.3B
Friday, November 29, 2019 Saudi Aramco's IPO has drawn total bids of 166 billion Saudi riyals ($44.3 billion) so far from institutional and retail investors.

Cairn Exits Norway
Wednesday, November 27, 2019 Cairn Energy plc has entered into an agreement to sell the entire share capital of Capricorn Norge AS, the company's wholly owned subsidiary in Norway.

India Approves State-Run Refiner Privatization
Thursday, November 21, 2019 India launched its biggest privatization drive in more than a decade.

ConocoPhillips Unveils its 10-Year Operational Plan
Tuesday, November 19, 2019 ConocoPhillips revealed its 10-year plan on Tuesday, which exhibits a commitment to capital discipline while providing higher returns to shareholders.