Acquisitions & Divestitures

Public Capital , Acquisitions & Divestitures

Chevron Eyes Deal for Shell Oil Refinery in Pacific Northwest

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.

March 29, 2021

Business , Drilling , Acquisitions & Divestitures , Mergers

Noble Corp. to Acquire Houston-based Pacific Drilling in All-stock Merger

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.

March 26, 2021

Private Equity , Shale Plays , Acquisitions & Divestitures , Midstream

Tailwater-backed Tall Oak Midstream Grows STACK Position with Redcliff Deal

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.

March 25, 2021

Exploration & Production , Acquisitions & Divestitures

INEOS to Sell Norwegian Oil and Gas Business for $615 Million

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.

March 25, 2021

Exploration & Production , Acquisitions & Divestitures

Norway’s Aker BP Buys UK Oil Stake in First Foreign Move

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.

March 24, 2021

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

Ovintiv Sells Eagle Ford Asset to Private Operator for $880 Million

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.

March 24, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 24, 2021

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.

March 24, 2021

Business , Exploration & Production , Shale Plays , Acquisitions & Divestitures

LOLA Energy Acquires Pennsylvania E&P Company in Butler County

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.

March 23, 2021

Business , Shale Plays , Technology , Acquisitions & Divestitures

Oil Mogul George Kaiser Gets into Oilfield Services Duel with Pioneer Deal

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.

March 22, 2021

Public Capital , Health, Safety & Environment , Emissions , Renewables , Acquisitions & Divestitures

Eni to Buy Leading Biogas Producer in Net-zero Emissions Push

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.

March 22, 2021