Mergers & Acquisitions News


BP in Talks to Sell Some Trinidad Upstream Assets to Perenco

Apr 08, 2024

BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks.BP is Trinidad and Tobago's largest natural gas producer with an output of just over 1…

SLB Acquires Oilfield Tech Firm ChampionX

Apr 02, 2024

SLB has agreed the purchase of ChampionX in an all-stock transaction, strengthening its position in oilfield servicing market.Under the terms of the agreement, ChampionX shareholders will receive 0.735 shares of SLB common stock in exchange for each ChampionX share…

New Merger to Create One of the Largest Oil & Gas Companies in Latin America

Apr 02, 2024

Enauta has proposed the merger with 3R Petroleum which would create one of the largest and the most diversified independent oil and gas companies in Latin America.The merger proposal has been approved by Enauta’s board of directors, and according to the company…

Acteon Acquired by Private Equity Investors with New CEO in Charge

Mar 27, 2024

Acteon Group, the international offshore energy infrastructure services business, has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP).Buckthorn and OEP are making a substantial investment in the business…

NOV Acquires MAATS Tech's Carousel and Cable-Lay Systems IP

Mar 20, 2024

Houston-based energy solutions provider NOV has acquired the intellectual property (IP) rights of MAATS Tech, a defunct business providing turnkey ship-based carousel and cable-lay systems.In 2023, NOV formed a new Cable Lay team based in Stonehouse…

Vår Energi Initiates Intra-Group Reorganization

Mar 18, 2024

Vår Energi and its wholly-owned subsidiary Vår Energi Norge, formerly Neptune Energy Norge, have agreed a joint merger plan for an intra-group merger of the two companies.The purpose of the merger is to simplify the corporate structure in the…

Chevron's CEO Faces Challenges of a Lifetime with Hess Bid

Mar 08, 2024

Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America’s biggest energy rivals.On Wednesday…

Hess Says Reviewing Timeline for Closing of Chevron Deal

Mar 07, 2024

U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.Exxon on Wednesday filed a contract arbitration…

Exxon Signals Potential Counter Offer for Hess's Guyana Assets

Mar 06, 2024

Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…

Talos Concludes Acquisition of QuarterNorth Energy and Its Deepwater Oil Assets

Mar 05, 2024

Talos Energy has completed the acquisition of QuarterNorth Energy, a U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.After completing the acquisition, Talos has approximately 183.0 million shares of common stock outstanding…

Viaro Energy Grows North Sea Oil and Gas Portfolio

Feb 29, 2024

UK-based oil and gas company Viaro Energy has acquired full working interest in License P.2593 in the West of Shetland, which includes the Tuck gas discovery and the Boulmer prospect, along with several other prospects and leads in the area…

Vaalco Plans Baobab FPSO Upgrade Following Svenska Petroleum Acquisition

Feb 29, 2024

U.S. based oil and gas company Vaalco has entered a sales and purchase agreement to acquire Svenska Petroleum Exploration, including its non-operated interest in the producing deepwater Baobab field offshore Ivory Coast, for the gross amount of $66…

N-O-S Consolidates Ops in UK

Feb 16, 2024

Northern Offshore Services (N-O-S), part of Northern Offshore Group (N-O-G), has integrated Mareel within the company as N-O-S Ltd, simultaneously adding its 16 crew transfer vessels (CTV) to the fleet.The move marks an important step toward…

OEG Acquires Dutch Marine Services Company

Feb 16, 2024

OEG Energy Group has completed the acquisition of Marine Coordination Services (MSC), a provider of marine coordination and offshore project services based in the Netherlands, for an undisclosed consideration.MCS will join the OEG Renewables division…

Jadestone Energy Increases Stake in CWLH Oil Fields Offshore Australia

Feb 14, 2024

Asia-pacific focused oil and gas company Jadestone Energy has completed the acquisition of a non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes (CWLH) oil fields development, offshore Western Australia, from Japan Australia LNG (MIMI)…

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