Shell has been trying to sell its Puget Sound refinery in Anacortes, Washington, for at least a year. Reuters reported in January 2020 that the refinery was for sale.
The merger between Noble Corp. and Pacific Drilling is a step in the right direction for the deepwater rig industry, say analysts who expect more consolidation in the space.
Tall Oak Midstream, which views itself as a consolidator in the midstream space, was recently acquired by Tailwater Capital, a Dallas-based private equity firm.
The purchase of INEOS E&P Norge AS, with its estimated 117 million boe, would bring PGNiG Upstream Norway's output to about 1.5 Bcm annually over the next five years, PGNiG said in a separate statement.
Jointly controlled by Norwegian billionaire Kjell Inge Roekke and Britain’s BP Plc, Aker BP was set up in 2016 to focus on oil and gas exploration and production from Norway’s continental shelf.
The Eagle Ford asset sale to privately owned Validus Energy is the latest step Denver-based Ovintiv has taken to cut down debt and gain investor confidence.
Here’s a snapshot of recent energy deals including Oasis Petroleum’s $510 million midstream deal plus the acquisition of a Pioneer Natural Resources oilfield service subsidiary by oil mogul George Kaiser.
The acquired company, which according to LOLA’s website consisted of the former EdgeMarc Energy assets in Pennsylvania’s Butler County, immediately changed its name to rebrand as a LOLA Energy owned and operated company.
Kaiser’s Argonaut Private Equity acquired Pioneer Well Services, an oilfield services arm of Pioneer Natural Resources—one of the largest U.S. shale producers, for an undisclosed amount.
The deal to acquire biogas producer FRI-EL Biogas Holding is part of Eni’s broader decarbonization strategy, which aims to reach eliminate all emissions from industrial processes and products and achieve net-zero emissions by 2050.