Acquisitions & Divestitures

Acquisitions & Divestitures , Tankers

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 , Acquisitions & Divestitures , Midstream

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 , Shale Plays , Water Management , Acquisitions & Divestitures , Midstream

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

Public Capital , Acquisitions & Divestitures , Pipelines

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

Business , Exploration & Production , Acquisitions & Divestitures , Trends

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 , Acquisitions & Divestitures

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

Public Capital , Pressure Pumping , Acquisitions & Divestitures

Analyst: Pressure Pumping Asset Sale Implies Extraordinary Upside

Analysts with Tudor, Pickering, Holt & Co. noted the sale of Quintana’s legacy conventional pressure pumping operations was a small deal but that it also highlighted a “prodigious valuation upside.”

August 20, 2019

Petrochemicals , Acquisitions & Divestitures

Aramco’s Motiva To Buy Port Arthur, Texas Chemical Plant

Motiva, the U.S. refining arm of Saudi Aramco, plans to operate the Flint Hills chemical plant while it builds three giant petrochemical units within its Port Arthur complex.

August 20, 2019

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures

Earthstone Energy CEO Actively Looking To Be Permian Consolidator

Earthstone Energy CEO Frank Lodzinski urged attendees of a recent industry luncheon in downtown Houston to “bring us deals” as the company looks to continue its growth story.

August 20, 2019