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.
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).
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.
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.
The Stone Mountain cryogenic processing plant has capacity of 25,000 Mcf/d with a pipeline connection to the Stone Mountain liquids terminal.
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.
TGS has achieved five milestones accelerating the company’s growth strategy, the company said on Sept. 16.
The all-equity deal follows an already blockbuster year for Viper Energy Partners including the $700 million dropdown acquisition the company announced in July.
In this third part of our series, we look at how deals are still getting done in this challenging time.