Private-equity fund HitecVision and Omani oil group Petrogas teamed up to buy a portfolio of Total's British North Sea oil fields for $635 million, the companies said July 10.
The divestment of the field technology services business unit to Acteon continues Proserv’s strategy of realigning its focus to its core controls technology.
Emerson completed the purchase of Zedi’s software and automation businesses for an undisclosed amount on July 8.
Mustang Extreme Environmental Services said it is adding a range of water treatment services to its portfolio through the acquisition of Aria Rose Oilfield Solutions.
Brazilian state-owned oil firm Petroleo Brasileiro SA (Petrobras) has reached an agreement with anti-trust regulator Cade to sell off a series of natural gas transportation and distribution assets, the company said in an exchange filing on July 8.
An undisclosed company agreed to buy the Arkoma Basin assets from Encana for $165 million cash, which is in line with analyst estimates.
Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield.
UGI Energy Services agreed to pay TC Energy roughly $1.3 billion for its Columbia Midstream Group subsidiary that owns Appalachia gas gathering and processing assets.
In total, Oil Search will have spent $850 million to buy Armstrong Oil and Gas’ stake in a massive North Slope discovery the Denver-based independent made with Repsol in 2017.
The Gulf of Mexico may not be in a renaissance, but there are clear signs that it has its groove back as exploration activity surges, companies drill wells and M&A heats up.
