Acquisitions & Divestitures

Exploration & Production , Acquisitions & Divestitures

Serial-acquirer Orion Diversified Adds Hugoton Field Interests

Orion Diversified Holding has made a series of microtransactions in several basins, including the Permian and Powder River as well as the Haynesville, Niobrara and Eagle Ford shales.

July 19, 2022

Business , International , Acquisitions & Divestitures

Italy Prosecutors Abandon $1.3 Billion Eni Nigeria Graft Appeal

Eni said it was very satisfied that the case over a Nigerian oilfield deal with Shell in 2011 had been concluded, describing it as “unmotivated and disconcerting.”

July 19, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Buffett’s Berkshire Buys More Oxy Shares, Edges Closer to 20% Stake

Berkshire’s latest purchases from July 14 to July 16 cost $112 million, and gave Warren Buffett’s conglomerate a 19.4% Occidental Petroleum stake worth about $10.9 billion, regulatory filings show.

July 19, 2022

Public Capital , Exploration & Production , Acquisitions & Divestitures

Suncor Considers Sale of Gas Stations after Deal with Activist Investor

Suncor Energy’s retail business could be worth CA$5 billion (US$3.86 billion) to CA$8 billion (US$6.18 billion), National Bank analyst Travis Wood said.

July 18, 2022

Technology , Acquisitions & Divestitures

Precision Drilling Acquires High Arctic's Well Servicing, Rentals Division

“This acquisition significantly expands our well servicing division with high quality rigs and field personnel, strategic regional positioning, and alignment with key customers," Precision Drilling president and CEO Kevin Neveu said in a press release announced the company's acquisition of High Arctic Service's well servicing business and rental assets.

July 18, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Is Warren Buffett’s Interest in Occidental Petroleum a Bet Against Recession?

Taking Occidental Petroleum private does not fit the practice of Warren Buffett’s Berkshire’ of avoiding boom-bust industries, and would face resistance from Occidental, one analyst says.

July 15, 2022

Influential Women , Acquisitions & Divestitures

Women in Energy: Sasha Gumprecht, SJ Resource Partners

Today’s featured 25 Influential Women in Energy honoree is Sasha W. Gumprecht, vice president of business development at SJ Resource Partners based in Houston.

July 15, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Buffett’s Berkshire Owns 19.2% of Occidental Petroleum after New Purchases

Some analysts have speculated that Buffet could buy all of Houston-based Occidental Petroleum, which has been reducing debt since acquiring Anadarko Petroleum for $35.7 billion in 2019.

July 14, 2022

Liquefied Natural Gas , Acquisitions & Divestitures , Construction

ConocoPhillips Acquires Stake in Texas LNG Project from Sempra

The Port Arthur LNG agreement with Sempra positions ConocoPhillips as among the largest natural gas producers in the U.S., said CEO Ryan Lance, who added ConocoPhillips is also interested in expanding its LNG presence.

July 14, 2022

Private Equity , Shale Plays , Acquisitions & Divestitures

Pickering Energy Partners to Deploy $300 Million in Permian Basin

Pickering Energy Partners will target $300 million of capital deployment alongside “premier operators” in the Permian Basin as part of its partnership with a large, unnamed institutional investor.

July 13, 2022