Acquisitions & Divestitures

Business , Energy Transition , Technology , Acquisitions & Divestitures

ChampionX Expands Decarbonization Portfolio with Two Acquisitions

The acquisitions represent "another step forward" in evolving the company's portfolio for sustained growth, says ChampionX CEO and President Sivasankaran “Soma” Somasundaram.

December 9, 2021

Acquisitions & Divestitures

Centrica to Sell Spirit Energy’s Norway Assets for $1.1 Billion

Equinor will buy Spirit's stakes in the Statfjord area licenses for $50 million, plus contingent payments linked to British gas prices.

December 8, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Dec. 8, 2021

Here’s a snapshot of recent energy deals including the closing of Shell’s Permian Basin exit through a $9.5 billion deal with ConocoPhillips plus a Centennial Resource Development asset sale.

December 8, 2021

Policy & Regulations , Acquisitions & Divestitures

Mitsubishi Looks to Sell California Products Terminal, Trading Arm

Mitsubishi is working with EY’s energy advisory group to market its 600,000-barrel Petro-Diamond terminal in Long Beach, California, and its corresponding fuel trading division, sources say.

December 8, 2021

Shale Plays , Acquisitions & Divestitures

PHX Minerals Continues to Tack On Scoop Acreage Following Asset Sales

The recent working interest divestitures and royalty acquisitions are expected to have a neutral effect on overall production during 2022, says PHX Minerals in a company release.

December 7, 2021

Energy Transition , Acquisitions & Divestitures

BP Buys EV Charging Provider AMPLY in Green Energy Push

BP plans to grow its global network of EV charging points from around 11,000 today to more than 70,000.

December 7, 2021

Technology , Acquisitions & Divestitures

Exxon Mobil Acquires High-Performance Structural Polymers Company Materia Inc.

Exxon Mobil and Materia have been collaborating since 2017 on the development of new hydrocarbon-based materials that are stronger, lighter and more durable than existing thermoset products such as epoxy.

December 7, 2021

People , Acquisitions & Divestitures

On the Move (Week of Dec. 6, 2021)

New hires, promotions and appointments continue to fuel the industry's workforce.

December 6, 2021

Restructurings , Acquisitions & Divestitures

NRG Closes 4.8 GW Asset Sale to ArcLight Capital Affiliate, Launches $1 Billion Share Buyback

NRG Energy plans to sell 4,850 MWs of assets from its East and West regions to Generation Bridge. Additionally, its board of directors authorized a $1 billion share buyback program.

December 6, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Centennial Completes Asset Sale to Henry Resources, Pickering Energy Partners

The properties sold include approximately 6,200 net leasehold acres located on the southernmost portion of Permian Basin pure-play Centennial Resource Development’s Reeves County, Texas position.

December 6, 2021