Property Acquisitions & Divestitures News


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CNOOC Pays $2Bn To Petrobras For Additional Buzios Stake
Thursday, December 01, 2022Petrobras has received nearly $2Bn for the transfer of an additional interest in the Buzios field to Chinese energy major CNOOC.

Eni Weighs Takeover of $5B Neptune
Wednesday, November 30, 2022Eni is considering a takeover of private equity-backed oil and gas explorer Neptune Energy Group Ltd, people familiar with the matter said.

EU Is Hooked on Russia LNG
Wednesday, November 30, 2022Liquefied natural gas imports from Russia are up about 40 percent in a year.

Suncor To Keep Petro-Canada Retail Business
Wednesday, November 30, 2022Following a review, Suncor Energy has decided to retain and optimize the Petro-Canada retail business.

Russian Diesel Halt Still Looking Like Europe's Big Problem
Tuesday, November 29, 2022Europe continues to lean heavily on Russia as a source of diesel.

Shell Buys Renewable Natural Gas Producer For $2 Billion
Tuesday, November 29, 2022Shell has reached an agreement to acquire Nature Energy Biogas for nearly $2 billion.

Ghana in Talks With Dubai Oil Refiner to Barter Gold for Fuel
Monday, November 28, 2022'Starting next October, all our oil-product needs would be swapped for gold'.

Shell Selling Stakes in UK North Sea Oil Fields
Sunday, November 27, 2022Shell is selling its stakes in a group of North Sea oil fields, according to marketing materials seen by Bloomberg News.

Oil Freight Boom Makes $1MM Waiting Bills More Common
Friday, November 25, 2022With soaring shipping costs comes soaring bills for ships doing nothing.

Saudi Aramco Base Oil Gets Nod for $1B Riyadh IPO
Thursday, November 24, 2022Saudi Aramco Base Oil Co has received regulatory approval for an initial public offering in Riyadh.

Keppel Delivers First Of Three Jack-Ups To ADNOC Drilling
Thursday, November 24, 2022Keppel Offshore & Marine has delivered the first of three jack-up rigs to ADNOC Drilling.

Aramco Signs 59 Deals Worth $11B
Wednesday, November 23, 2022The deals have the potential to create 5,000 new jobs in the Kingdom of Saudi Arabia over the next decade.

China Pauses Some Purchases of Russian Oil
Tuesday, November 22, 2022China's crude buyers have paused purchases of some Russian oil.

Transocean Buys Newbuild Drillship from DSME
Monday, November 21, 2022One of Transocean's units has formed a joint venture with Perestroika and funds managed by Lime Rock Management to buy a newbuild drillship from DSME.

Diamondback Makes Lario Permian Deal
Monday, November 21, 2022'Lario is an attractive bolt-on to our existing Martin County position, home to some of the best rock in the Permian Basin'.

Germany Warns of Potential Bottlenecks From Russian Oil Embargo
Wednesday, November 16, 2022Germany can't rule out temporary supply bottlenecks and price increases.

Bollinger Completes VT Halter Marine And STEHMO Shipyards
Tuesday, November 15, 2022Bollinger Shipyards has finalized the acquisition of VT Halter Marine and ST Engineering Halter Marine Offshore.

Sembcorp Buys Vector Green Adding 583MW Of Renewables In India
Monday, November 14, 2022Sembcorp Industries has signed an agreement to acquire Vector Green Energy for a base equity consideration of around $345 million.

Marathon Deal Exemplifies Dominant Theme of Post Covid Market
Monday, November 14, 2022'The deal addresses one of the key issues for Marathon'.

Brookfield Makes $12B Bet Away From Fossil Fuels
Thursday, November 10, 2022Brookfield Asset Management led an $11.8B offer to acquire Origin Energy, its latest bid to add exposure to Australia's accelerating shift away from fossil fuels.

Crystal Amber Interested In Accepting Bid For Hurricane Energy
Monday, November 07, 2022Hurricane Energy's board has rejected an indicative bid for the company's share capital, but Crystal Amber is thinking differently.

Exxon Set To Lose $2B On California Offshore Field Sale
Monday, November 07, 2022ExxonMobil is expected to lose about $2 billion when it sells an oil field off the coast of California.

3t Energy Group Acquires Training Firm
Friday, November 04, 20223t Energy Group has further enhanced its training capabilities with the acquisition of Utility and Construction Training.

Marathon Oil Adds More Eagle Ford Assets With $3B Ensign Buy
Friday, November 04, 2022Marathon Oil has bought the Eagle Ford assets of Ensign Natural Resources for a total cash consideration of $3 billion.

Equinor Buys European Solar Developer
Thursday, November 03, 2022Equinor has signed an agreement to buy BeGreen, a leading solar project developer in North-West Europe.

Saipem Sells Onshore Drilling Business To KCA Deutag
Wednesday, November 02, 2022Saipem has closed the sale its onshore drilling business to KCA Deutag in a transaction worth $550 million.

Shell Adds Another Asset West Of Shetland
Wednesday, November 02, 2022Shell has increased its West of Shetland asset portfolio by acquiring Reabold Resources' investee company Corallian Energy.

OKEA Closes Wintershall Dea Stakes Buy In Three Offshore Fields
Wednesday, November 02, 2022OKEA has completed the acquisition of Wintershall Dea's interests in three offshore fields in the Norwegian part of the North Sea.

BP Sheds Stake In Australian Oil-Producing Fields
Tuesday, November 01, 2022Jadestone Energy has acquired BP's stake in a Woodside Energy-operated North West Shelf Oil Project offshore Australia.

Shell Completes Sale Of Philippines Gas Field
Tuesday, November 01, 2022Shell has completed the sale of its 100 percent shareholding in its Philippines subsidiary to Malampaya Energy XP.

Unwanted Russian Oil Piles Up on Ships Anchored Near Singapore
Sunday, October 30, 2022A fleet of tankers filled with Russian fuel oil have anchored near Singapore and Malaysia.

Sembcorp Scraps Keppel O&M Merger, Opts For $3.2B Acquisition
Friday, October 28, 2022Sembcorp Marine has decided to directly buy Keppel's offshore and marine unit for $3.19 billion instead of pursuing a merger any further.

SLB Acquires Gyrodata Incorporated
Friday, October 28, 2022SLB has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology.

ABL Group Brings HOSE International Under Its Wing
Thursday, October 27, 2022ABL Group has acquired HOSE International with the latter's UK business becoming part of ABL's global operations.

Russian Oil Logistics in Chaos
Monday, October 24, 2022Traders, tanker companies and the world's most powerful governments are becoming increasingly fixated upon one question in the oil market.

China Crude Imports And Refining Surges
Monday, October 24, 2022China's oil imports and crude processing surged last month.

Top Headlines: Diesel Hits Chaos Mode and More
Saturday, October 22, 2022Check out some of Rigzone's top stories during the last week.

Somalia Signs Oil Production Sharing Agreement With USA Company
Friday, October 21, 2022Somalia's government signed an oil-production sharing agreement with U.S.-based Coastline Exploration Ltd.

Seadrill Closes Sale Of Seven Jack-Ups To ADES
Thursday, October 20, 2022Seadrill Limited has closed the sale of seven jack-ups located in Saudi Arabia to ADES Arabia Holding.

Summit Midstream Expands With DJ Basin Asset Acquisitions
Wednesday, October 19, 2022Summit Midstream will expand its Denver-Julesburg basin assets through acquisitions totaling $305 million in cash.

Nigeria LNG Limited Declares Force Majeure
Wednesday, October 19, 2022Nigeria LNG Limited (NLNG) has declared force majeure.

Europe Praying for a Mild Winter and Friends in Far Flung Places
Wednesday, October 19, 2022'Market participants will be hoping to avoid any major supply outages and abnormally cold weather'.

Analysts Say TC Energy Could Divest Keystone Oil Pipeline
Wednesday, October 19, 2022TC Energy Corp. could sell billions of dollars of assets.

BP to Buy USA Biogas Producer for $4.1B
Monday, October 17, 2022BP Plc agreed to acquire biogas producer Archaea Energy Inc.

Vaalco And TransGlobe Energy Complete Merger
Monday, October 17, 2022Vaalco Energy has gone through with the stock-for-stock combination with TransGlobe Energy.

USA Upstream M&A Sees Best Quarter of 2022
Thursday, October 13, 2022Upstream deals in the U.S. reached more than $16 billion in transacted value during 3Q.

Diamondback Energy to Buy Permian Driller for $1.6B
Wednesday, October 12, 2022Diamondback Energy Inc agreed to buy closely held FireBird Energy LLC.

MidOcean Acquires Tokyo Gas Australian LNG $2.15B Portfolio
Wednesday, October 12, 2022MidOcean has signed an agreement with Tokyo Gas to acquire the latter's interest in four liquefied natural gas projects in Australia.

Nigeria's $25B Gas Line May Get Investment Nod in 2023
Tuesday, October 11, 2022'We will take a final investment decision next year'.

France Refinery Strike Opens Door for More USA Exports to Asia
Tuesday, October 11, 2022Asian refiners snapped up at least 12 million barrels of US crude oil in the past two weeks.