Property Acquisitions & Divestitures News


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Will Exxon Sell Iraq Field Stake to Chinese Firms?
Friday, November 20, 2020Such a deal reportedly could fetch at least $500 million.

Shell Takes Top Bid Spot for Offshore Lease Sale
Thursday, November 19, 2020The auction generated $120,868,274 in high bids for 93 tracts covering approximately 79 million acres in federal GOM waters.

Independent Consolidation to Accelerate
Wednesday, November 18, 2020Consolidation among oil and gas independents will accelerate in the face of the energy transition, according to Wood Mackenzie.

Targa Divests Texas Splitter and Terminal Business
Tuesday, November 17, 2020Hartree Refining has acquired Targa Resources' membership interests in Targa Channelview, LLC.

Perenco Eyes Controlling Stake in Ivory Coast Well
Tuesday, November 17, 2020The investment would boost Ivory Coast's ambition to develop its extractive industries.

Permian Drilling Rights Price Falls Nearly 70%
Thursday, November 12, 2020The price to drill an acre of land in the biggest US shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions.

Tullow Completes $500MM+ Total Deal
Wednesday, November 11, 2020Tullow Oil plc (LON: TLW) announced Tuesday that the sale of its assets in Uganda to Total (NYSE: TOT) has now completed.

Heerema Winding Down Angola JVs
Tuesday, November 10, 2020Heerema Marine Contractors has revealed that its Angola joint ventures are no longer economically viable.

Karoon Completes $Multimillion Bauna Deal
Monday, November 09, 2020Karoon Energy Ltd has completed the acquisition of a 100 percent operating interest in the Bauna field.

Schlumberger Sells Rod Lift Business and More
Saturday, November 07, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Tourmaline Oil Buys 2 Rivals
Thursday, November 05, 2020Tourmaline Oil Corp. is buying two rivals in the Canadian oil and gas industry's latest move to weather its worst downturn in a generation.

Who Controls the Permian?
Thursday, October 29, 2020There's been an ongoing pendulum swing between majors and independents as the controlling group of the Permian basin's destiny for many years, but who controls the region now?

Borr Drilling Sells Rig to Unnamed Buyer
Thursday, October 29, 2020Borr Drilling Limited (NYSE: BORR, OSE: BDRILL) has entered into an agreement to sell its cold stacked jack-up drilling rig 'Atla' to an independent operator.

Chevron to Divest Shale Assets in $735MM Deal
Wednesday, October 28, 2020EQT Corp. has agreed to buy Chevron Corp.'s Appalachian shale assets for $735 million.

Cenovus and Husky in $24B Combination
Monday, October 26, 2020Cenovus Energy (TSX: CVE, NYSE: CVE) and Husky Energy (TSX: HSE) have entered into a deal to combine in an all-stock transaction valued at $23.6 billion, inclusive of debt.

Transocean Gets NYSE Notice and More
Saturday, October 24, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

BP May Be Exploring GOM Oilfield Sale
Thursday, October 22, 2020BP is weighing a sale of its majority stake in the Constellation oilfield in the Gulf of Mexico, according to people familiar with the matter.

Shale Deal Must Navigate Potential Conflict
Wednesday, October 21, 2020The latest merger between two U.S. shale producers is dealing with an unusual family dynamic that has raised concerns about a potential conflict of interest.

Tullow Gets Green Light for $575MM Total Deal
Wednesday, October 21, 2020Tullow Oil (OTCMKTS: TUWOY) has received government approvals for the $575 million sale of its Uganda assets to Total (NYSE: TOT).

ConocoPhillips-Concho Deal Reaction
Tuesday, October 20, 2020Wood Mackenzie has described the $9.7 billion deal as 'remarkable'.

PGNiG and Aker BP Expand Cooperation
Monday, October 19, 2020PGNiG's international trading arm and Aker BP have signed a contract for the sales and purchase of natural gas produced on the Norwegian Continental Shelf.

BOEM Offers 78MM Acres in GOM Lease Sale
Friday, October 16, 2020The Bureau of Ocean Energy Management has announced that it will offer approximately 78 million acres in a Gulf of Mexico lease sale scheduled for November 18.

Abu Dhabi Invests $2.1B in Adnoc Pipelines
Thursday, October 15, 2020Abu Dhabi institutional investors are paying $2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Co.

Conoco in Talks to Buy Concho
Wednesday, October 14, 2020ConocoPhillips is in talks to acquire rival Concho Resources Inc, according to people familiar with the matter.

TechnipFMC Bags Multimillion Deal and More
Saturday, October 10, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Neptune Increases Dugong Stake
Thursday, October 08, 2020Neptune Energy announced an agreement with Concedo AS for the acquisition of a further five percent interest in the Dugong license.

UK Oil Ripe for Consolidation
Wednesday, October 07, 2020The UK oil and gas sector is ripe for consolidation, according to Wood Mackenzie.

Lloyd's Register Sells Energy Business
Wednesday, October 07, 2020Lloyd's Register Group announced Wednesday that it has entered into a definitive agreement to sell its energy business unit to Inspirit Capital.

$505MM Deal to Boost Deepwater Profile for BHP
Wednesday, October 07, 2020BHP will raise its stake in the six-lease development to 72 percent.

Weir Group Sells Entire Oil Division
Tuesday, October 06, 2020The Weir Group plc (LON: WIER) has announced that it has entered into an agreement for the all-cash sale of its entire oil and gas division to Caterpillar Inc. (NYSE: CAT) for $405 million.

Oxy Selling Onshore Colombia Assets for $825MM
Friday, October 02, 2020Occidental Petroleum Corporation (NYSE: OXY) has signed an agreement to sell its onshore assets in Colombia to The Carlyle Group for a total consideration of approximately $825 million.

Blackstone Closes $7B Cheniere Sale
Tuesday, September 29, 2020Private equity funds managed by Blackstone Energy Partners have closed the sale of their approximately 42 percent stake in Cheniere Energy Partners.

Total Buys London's Largest Car-Charging Network
Tuesday, September 29, 2020French energy giant Total SE snapped up London's largest car-charging network.

Exxon North Sea Retreat Could Yield Gain for Sinopec
Tuesday, September 22, 2020China Petroleum & Chemical Corp. (Sinopec), Kuwait Foreign Petroleum Exploration Co. and EnQuest Plc reportedly are bidders for the North Sea assets.

Shell Buys Kosmos Exploration Assets
Friday, September 11, 2020Kosmos Energy (NYSE: KOS, LSE: KOS) enters into a deal with B.V. Dordtsche Petroleum Maatschappij, a wholly-owned subsidiary of Shell (LSE: RDSA), to farm down interests in a portfolio of exploration assets.

BP Moves into Offshore Wind
Thursday, September 10, 2020BP plc (NYSE: BP, LON: BP) has announced that it is moving into offshore wind for the first time with a new strategic partnership with Equinor ASA (OSE: EQNR< NYSE: EQNR).

Reliance Gives Plan to Carve Out O2C Assets
Monday, September 07, 2020Reliance Industries Ltd. released a detailed plan to carve out its oil-to-chemicals business Sunday.

Shale Hits Turning Point and More
Saturday, September 05, 2020Here are some more of Rigzone's top upstream stories during the last week, just in case you missed them...

Oxy in Billion Dollar Deal and More
Sunday, August 30, 2020Here are some more of Rigzone's top stories during the last week, just in case you missed them...

BP to Sell GOM Telecoms Network
Tuesday, August 25, 2020Offshore communication network provider Tampnet has agreed to purchase an offshore fiber cable system from BP.

Oxy Makes $1.33B Deal
Friday, August 21, 2020Occidental Petroleum (NYSE: OXY) has entered into a deal to sell Wyoming, Colorado and Utah land grant assets to Orion Mine Finance for approximately $1.33 billion.

China Gears Up for Record Breaking US Crude Haul
Friday, August 21, 2020U.S. oil exports to China are set to reach a record next month.

Berkshire Hathaway Sells Oxy Stake
Monday, August 17, 2020Warren Buffett's Berkshire Hathaway, Inc. had helped fund Occidental's takeover of Anadarko Petroleum Corp.

Oil Drilling Collapse Deepens
Sunday, August 16, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...

PGS Rejects $600MM TGS Offer
Friday, August 14, 2020PGS has rejected TGS' offer for the purchase of the multi-client data library of PGS.

Halliburton to Auction Off Sites from Alberta to Louisiana
Wednesday, August 12, 2020The firm plans to sell 13 North American sites through a mix of online and in-person bidding.

$21B ADNOC Network May Add Local Investors
Tuesday, August 11, 2020Abu Dhabi is considering bringing local investors into its natural-gas pipeline network, according to people familiar with the matter.

Hollub Says Algeria Assets Are Off the Market
Tuesday, August 11, 2020Occidental Petroleum CEO Vicki Hollub told analysts the Algerian oil and gas assets are a core holding.

Aramco Still Aiming for $15B Reliance Deal
Monday, August 10, 2020Saudi Aramco said it's still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.'s refining and chemicals business.

TGS Submits $600MM Offer to PGS
Friday, August 07, 2020TGS-NOPEC Geophysical Company has submitted a conditional offer for the purchase of the multi-client data library of PGS.