Acquisitions & Divestitures

Acquisitions & Divestitures

Petrofac To Divest Remaining Stake In Mexico For $276 Million

Oilfield services company Petrofac Ltd. said it would sell its remaining 51% interest in its Mexico operations to Perenco (Oil & Gas) International Ltd. for $276 million.

September 19, 2019

Deepwater , Subsea , Seismic , Acquisitions & Divestitures

Talos Energy Enters GoM Deals With BP, Exxon Mobil

Talos Energy Inc. has entered into two separate agreements on Sept. 19 with BP Plc and Exxon Mobil Corp. related to new exploration opportunities in the U.S. Gulf of Mexico (GoM).

September 19, 2019

Business , Exploration & Production , Acquisitions & Divestitures , Trends , Mergers

Shadow Market: E&P A&D Six-Month Review

As asset-level A&D struggles in the background of multibillion E&P mergers and market indifference to oil and gas, deal advisers see a spike in transactions for minerals, conventional assets and even combinations of private-equity companies.

September 18, 2019

Water Management , Acquisitions & Divestitures

Aqua America To Acquire DELCORA Wastewater System For $276.5 Million

Aqua America Inc. said Sept. 17 its Pennsylvania subsidiary, Aqua Pennsylvania Wastewater, has signed an asset purchase agreement with the Delaware County Regional Water Quality Control Authority (DELCORA) to acquire the municipal authority’s wastewater assets for $276.5 million.

September 18, 2019

Natural Gas , Acquisitions & Divestitures , Gathering & Processing , Pipelines

Eco-Energy Acquires Southern Appalachian Natural Gas Gathering, Processing, Terminal Assets

The Stone Mountain cryogenic processing plant has capacity of 25,000 Mcf/d with a pipeline connection to the Stone Mountain liquids terminal.

September 18, 2019

Acquisitions & Divestitures

Exxon Mobil Puts Australian Bass Strait Oil, Gas Assets Up For Sale

Exxon Mobil Corp. said on Sept. 18 it was looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia's Bass Strait as part of a broader review of its global portfolio of assets.

September 18, 2019

Acquisitions & Divestitures

VIDEO SERIES: Who Is Doing The Deals?

We’ve covered the deal market, what deals are getting done and how. Now we talk about who is actually making these deals happen.

September 17, 2019

Deepwater , Logistics , Seismic , Acquisitions & Divestitures

TGS Adds Deepwater Node, Acquisitions To Accelerate Growth

TGS has achieved five milestones accelerating the company’s growth strategy, the company said on Sept. 16.

September 16, 2019

Public Capital , Acquisitions & Divestitures

Diamondback’s Viper Subsidiary Continues Growth Spurt With Santa Elena Deal

The all-equity deal follows an already blockbuster year for Viper Energy Partners including the $700 million dropdown acquisition the company announced in July.

September 13, 2019

Acquisitions & Divestitures

VIDEO SERIES: Part Three, How Deals Are Getting Done

In this third part of our series, we look at how deals are still getting done in this challenging time. 

September 10, 2019