The Latest

Acquisitions & Divestitures

Trafigura Takes Stake In Frontline In $675 Million Tanker Deal

Trading firm will provide 10 Suezmax vessels and gain an 8.5% stake in Frontline.

August 23, 2019

Business

Detring Expands Into Midstream With Baird Partnership

Upstream A&D firm Detring and multinational investment bank Baird are teaming up to provide strategic advisory and M&A advisory services to midstream energy companies.

August 22, 2019

Private Equity

H2O Midstream Adds Sabalo’s Water Assets To Growing Permian Position

Concurrent with the Sabalo acquisition, EIV Capital and multiple co-investors “substantially increased” their equity commitment for H2O Midstream to pursue additional growth in the Permian Basin.

August 22, 2019

Acquisitions & Divestitures

Shell Enters Australia Power Industry With $419 Million Bid For ERM Power

The deal would instantly give Shell a power supplier with almost a quarter share of the commercial and industrial retail market in Australia, second only to Origin Energy in that space. It will also get two gas-fired power stations.

August 21, 2019

Exploration & Production

Offshore Operators Exercise Caution During Lease Sale 253

BHP Billiton Petroleum (Deepwater) Inc. had the highest bid of the day at $22.5 million for Green Canyon block 124.

August 21, 2019

Trends

A&D Transactions From The Week Of Aug. 21, 2019

Here’s a snapshot of energy deals from the past week including a Permian Basin acquisition by Vermilion Cliffs plus the closing of the roughly $422 million merger of rivals TGS and Spectrum.

August 21, 2019

Public Capital

Kinder Morgan Scores Roughly $2.5 Billion Asset Sale

Houston-based Kinder Morgan is cashing in its Canadian affiliate plus ownership in the Cochin pipeline through asset sales to Pembina Pipeline worth roughly $2.5 billion.

August 21, 2019

Lease Sales

On The Market Quicklist (Week Of Aug. 21, 2019)

Here’s a quicklist of oil and gas assets on the market including a roughly 24,000 net-acre contiguous, operated position in the Olmos trend of South Texas and Wolfcamp nonop assets in the Permian.

August 21, 2019

Business

A&D Trends: Indie Oil And Gas Deal-Making

So far in 2019, oil and gas deals have taken an indie turn in the market with mid-sized deals.

August 21, 2019

Exploration & Production

Norway's Equinor Adds Acreage Offshore Argentina

Equinor has taken a 50% stake in Argentina's largest offshore block, CAN 100, as part of its collaboration with the South American country's state-controlled oil firm YPF.

August 21, 2019