Seadrill Limited has completed its acquisition of Aquadrill LLC. As a result of the transaction, Aquadrill became a wholly owned subsidiary of Seadrill. In connection with the completion of the transaction, Seadrill issued an aggregate 29,866,505 common shares to former Aquadrill unit holders and equity award holders, resulting in issued share capital of $798,665.03 divided […]

A.P. Møller Holding A/S (A.P. Moller Holding) today announces that it has entered into an agreement to acquire Maersk Supply Service A/S (Maersk Supply Service) from A.P Møller – Mærsk A/S (A.P. Moller – Maersk). The ambition is to establish a leading offshore marine company servicing the offshore wind industry by building on the solid […]

INEOS Energy is entering US oil and gas production for the first time with the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the US onshore oil and gas market, as it acquires […]

Shell Petroleum NV, a wholly owned subsidiary of Shell plc (Shell), has completed the acquisition of 100% of the shares of Nature Energy Biogas A/S (Nature Energy). By purchasing the shares in Nature Energy, Shell has acquired the largest producer of renewable natural gas (RNG) in Europe, its portfolio of operating plants, associated feedstock supply […]

TransGlobe Energy Corporation has displaced satisfactions over the reports issued by a leading proxy advisor, Institutional Shareholder Services (ISS) and its unanimous recommendation that its institutional clients vote FOR the proposed business combination of TransGlobe and VAALCO Energy, Inc. at the special meeting of the shareholders of TransGlobe to create a world-class African-focused E&P company. […]

Crestwood Equity Partners has announced the divestiture of its Marcellus natural gas gathering and compression assets to Antero Midstream Corporation, for $205 million in cash, representing a multiple of over 7 times 2023E Adjusted EBITDA, subject to customary adjustments. These assets located in Doddridge County and Harrison County, West Virginia, comprise a legacy gas system […]

Tamarack Valley Energy has entered into a definitive agreement to acquire Deltastream Energy Corporation, a privately held pure-play Clearwater oil producer, for total net consideration of $1.425 billion, consisting of $825 million in cash, $300 million in the form of a deferred acquisition payment (“DAP”) and $300 million of equity comprised of approximately 80 million […]

ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil’s interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV. The transaction involves a share sale of Mobil California Exploration & Producing Asset Company. In addition, ExxonMobil affiliates have entered into a separate agreement for the […]

TGS, a global provider of energy data and intelligence, has announced that on 31 August 2022, it closed its previously announced intent to acquire the multi-client and processing business of ION Geophysical Corporation (ION) (referred to as the E&P Technology and Services (EPTS) business). The acquisition includes substantially all of ION’s global offshore multi-client data library, data […]

Canadian Overseas Petroleum (COPL), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, has  announced that the acquisition of the United States assets of Cuda Energy LLC  by its affiliate, COPL America Inc., will close today. Acquisition immediately transformative: COPL America […]