U.S. pipeline operator ONEOK (OKE.N) said on Tuesday that it had bought the remaining stake in Delaware Basin JV from NGP XI Midstream Holdings in a cash-and-stock deal valued at $940 million. By acquiring the remaining...
Shell-BP merger’s key ingredient is time
Wael Sawan must feel like it’s Groundhog Day. In recent weeks Shell’s (SHEL.L) chief executive has been fielding one question over and over again: whether he’s considering merging his $198 billion group with struggling...
Shell to buy TotalEnergies’ stake in Nigeria deepwater field for $510 million
TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The OML118 Production Sharing Contract (PSC) is located deep offshore at ~74 mi...
ExxonMobil to sell French subsidiary Esso to Canadian energy group
With the exception of those part of the previously announced redundancy plan, all of the approximately 1,350 employees in France will be retained and remain on the same employment terms and conditions. The acquisition...
US oil M&A deals slide from 2023 highs as buyers focus on value over volume
Dealmaking in the U.S. oil patch has slowed to a crawl in 2025, with the activity expected to stay muted for the rest of the year, as some prolific buyers focus on squeezing out value from their past acquisitions, while...
Canadian oil producer Strathcona initiates $4.25 billion takeover bid for MEG Energy
Canadian oil and gas producer Strathcona said late Thursday it plans to launch a C$5.93 billion ($4.25 billion) takeover bid for peer MEG Energy, aiming to create the country’s fifth-largest oil producer. Strathcona...
Canadian oil and gas producer Strathcona sells Montney assets for $2.84 billion; acquires Hardisty terminal
Strathcona Resources has sold all of its Montney assets for about $2.84 billion and acquired Hardisty Rail Terminal as part of its “core area consolidation” strategy, the Canadian oil and gas producer said...
Australia’s Woodside says Saudi Aramco might buy into its Louisiana LNG project
Australia’s Woodside Energy said on Wednesday it has agreed to explore opportunities to collaborate with Saudi Aramco, which might take a stake in its $17.5 billion Louisiana liquefied natural gas project. Shares...
Tullow Oil divests Gabon operations in $300 million deal
Tullow Oil Plc said on Tuesday its unit, Tullow Gabon Limited, has agreed to sell its entire stake in Tullow Oil Gabon S.A. to Gabon Oil Company for $300 million in cash.
US fuel distributor Sunoco to buy Canada’s Parkland for $9 billion
U.S. fuel supplier Sunoco has struck a $9.1-billion deal to buy Canada-based Parkland, a move that would create the Americas’ largest independent fuel distributor but which Parkland’s largest shareholder...
Shell likely to acquire BP, energy giant weighs in merits of the deal amid potential oil prices decline
Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with...
Equinor sells 60% stake in Brazil’s Peregrino field to Prio for $3.5 billion
Equinor Brasil Energia, a subsidiary of Norway’s Equinor, has agreed to sell its 60% operated interest in Brazil’s Peregrino oil field to Prio Tigris, a subsidiary of PRIO SA, for $3.5 billion, Equinor said...
