Mergers & Acquisitions News
Latest mergers & acquisitions coverage from Oil Authority and industry sources
Oil Authority Analysis31 articles
Marubeni Closes EagleRidge Energy Acquisition and Exits Big Foot Gulf of Mexico in US Portfolio Rotation
Marubeni bought Barnett Shale gas producer EagleRidge Energy while selling its Big Foot Gulf of Mexico stake, rotating from offshore oil to onshore US gas.
Ovintiv Traded 360,000 Oklahoma Acres for 140,000 Montney Acres and Netted $300 Million in the Exchange
Ovintiv closed its $3 billion Anadarko sale in April, netting $300 million after its $2.7 billion NuVista deal and swapping Oklahoma shale for Montney.
Viper Energy Closes $488 Million Riverbend Permian Royalty Acquisition as Diamondback Deepens Mineral Position
Viper Energy closed $488M in Riverbend Permian royalty interests on July 1, deepening Diamondback's mineral position as WTI settles at $68.78 per barrel.
ADNOC Unit XRG Buys Rio Grande LNG Trains 4 and 5 Equity from BlackRock's GIP
ADNOC subsidiary XRG bought a 7.6% stake in Rio Grande LNG's expansion trains from BlackRock's GIP unit, giving the Abu Dhabi firm equity in all five trains.
TotalEnergies Sells 8.5% Marjoram Gas Stake to Inpex for $350 Million in Malaysia Portfolio Reset
TotalEnergies divests 8.5% Marjoram gas stake to Inpex for $350M, implying $4.1B block value, as Japan's upstream giant locks in Sarawak supply.
TotalEnergies Sells 8.5% Marjoram Gas Stake to INPEX for $350 Million, Shifting Malaysia to Operated Assets
TotalEnergies divests its non-operated 8.5% Marjoram stake to Japan's INPEX for $350 million, implying a $4.1 billion field valuation in Sarawak.
TotalEnergies Divests Marjoram Gas Field Minority Stake in Malaysia to INPEX for $350 Million
TotalEnergies exits its minority non-operated Marjoram gas field stake in Malaysia to Japan's INPEX for $350 million in an asset realignment.
Shell Offshore Divests Coulomb Field and Na Kika Interests to Talos Energy and Ridgewood for $1.7 Billion
Shell Offshore sells Coulomb and Na Kika deepwater assets to Talos Energy and Ridgewood for $1.7 billion as Shell pivots toward Canadian Montney gas.
Shell Moves CAD $22 Billion Montney Bid to ARC Resources Shareholder Vote as Groundbirch Gas Anchors LNG Canada Supply
Shell acquires ARC Resources for CAD $22 billion, adding 374,000 boe/day of Montney production. Shareholders vote in mid-July for H2 2026 close.
Eni and Mercuria Form 50:50 Global Energy Trading Venture in Geneva, Covering Oil, LNG and Gas from 2027
Eni and Mercuria sign a 50:50 Geneva joint venture to trade oil, LNG, gas and biofuels globally, marking a 2027 launch pending regulatory clearance.
Williams Companies Nears $5.5 Billion Acquisition of Momentum Midstream, Adding 4,000 Miles of Haynesville-to-Gulf Pipeline
Williams nears $5.5B deal for Momentum Midstream, gaining 4,000 miles of Haynesville-linked pipeline serving 10 LNG export facilities on the Gulf Coast.
Diversified Energy and Carlyle to Buy Camino Oklahoma Gas Assets for $1.175 Billion Using ABS Financing
Diversified Energy and Carlyle's credit platform agreed to buy NGP-backed Camino Natural Resources' Oklahoma gas assets for $1.175B using ABS financing.
Shell Acquires ARC Resources for $13.6 Billion, Tripling Montney Acreage to Feed LNG Canada Gas Strategy
Shell agreed to acquire ARC Resources for $13.6 billion, tripling its Montney acreage in BC to feed LNG Canada and adding 2 billion boe of reserves.
Eldorado Drilling Acquires Vantage Drilling International for $258 Million, Paying 60 Cents Per Dollar of $430.8 Million Deepwater Backlog
Eldorado Drilling acquires Vantage for $19 per share, a $258M all-cash deal combining a five-drillship fleet with $430.8M in contracted deepwater backlog.
NOG Buys CA$350 Million Duvernay Stake in First Canadian Deal; Parallax-Operated Assets Carry 500 Well Locations Below $50 WTI Breakeven
Northern Oil and Gas acquires a 25% non-operated Duvernay stake from Parallax for CA$350M, adding 4,000 boe/d and 500 low-breakeven well locations.
Saudi Aramco Transfers 50% PRefChem Stake to Petronas, Unwinding $7 Billion Pengerang JV as Hormuz Severs Gulf Supply
Saudi Aramco exits its $7 billion Malaysian JV, handing Petronas full control of the 300,000 bpd PRefChem refinery as Hormuz blocks Gulf crude supply.
Diversified, Carlyle Buy Camino Anadarko for $1.175B
Diversified and Carlyle pay $1.175B for 101,000 Camino Anadarko acres, 51,000 boepd, 1,478 Bcfe. Pro forma Oklahoma output hits 140,000 boepd.
Blackstone and Warburg Push $24B Oil Sale as WTI Sinks 5% Below $100
Blackstone, Warburg Pincus and EnCap rush $24B in oil-and-gas assets to market as WTI plunges 5% below $100, narrowing the geopolitical premium window.
New West Data Buys Entrada Resources to Quadruple Output and Power 35 MW of Alberta AI Compute
New West Data signed an LOI to buy Entrada Resources, lifting Cardium output to 4,500 BOE/d and powering 35 MW of stranded-gas Alberta AI compute.
Diversified Energy and Carlyle Sign $1.18 Billion Anadarko Deal, $210 Million Equity Buys 40 Percent of Camino Cash Flows Via ABS
Diversified Energy and Carlyle's $1.18 billion Camino deal funds 51,000 BOE/d of Anadarko cash flows with just $210 million in equity through bespoke ABS.
Devon Closes Coterra Merger, 1.6 Million BOED Shale Giant Targets $1 Billion Synergies by 2027
Devon closes $58 billion Coterra merger May 7, creating 1.6 million BOED shale giant with 750,000 Delaware acres and $1 billion synergy target by 2027.
ConocoPhillips Lists $2 Billion Delaware Basin Package as Part of $5 Billion 2026 Divestiture Push, Concho and Shell Legacy Acreage on the Block
ConocoPhillips lists $2B of Delaware Basin acreage from Concho and Shell legacy deals as part of a $5B 2026 divestiture push to refocus on top-tier shale.
BP Flags Exceptional Q1 2026 Oil Trading Profits as Shell Reports Best Trading Results in Years
BP declared exceptional Q1 2026 oil trading profits and Shell flagged its best results in years as Brent surged 27% sequentially to average $81 per barrel.
Ovintiv Closes 3 Billion Dollar Anadarko Basin Sale to MidCon Group, Accelerates Pivot to Permian and Montney
Ovintiv Closes 3B Dollar Anadarko Basin Sale to MidCon Group, Accelerates Pivot to Permian and Montney.
Devon Energy and Coterra Energy Clear Antitrust Hurdle, Set Q2 2026 Close for $58 Billion Shale Merger
Devon Energy and Coterra Energy Clear Antitrust Hurdle, Set Q2 2026 Close for $58B Shale Merger. Devon Energy (NYSE: DVN) and Coterra Energy (NYSE: CTRA).
Devon Energy and Coterra Merger Clears Antitrust Review, Creating 58 Billion Dollar Shale Giant with 1.6 Million Barrels Per Day
Devon Energy and Coterra Merger Clears Antitrust Review, Creating 58B Dollar Shale Giant with 1.6M bpd. LNG export capacity is ramping aggressively.
Suncor Energy Commits 13 Billion Dollars to In-Situ Oil Sands Shift, Targeting Firebag at 275,000 Barrels Per Day by 2028
Suncor Energy Commits 13B Dollars to In-Situ Oil Sands Shift, Targeting Firebag at 275,000 bpd by 2028. Sources: Oil Sands Magazine, BNN Bloomberg, Kitco News.
Imperial Oil Lifts Kearl Oil Sands Output Target to 285,000-295,000 Barrels Per Day in 2026 as Trans Mountain and Asian Demand Drive Revenue Growth
Imperial Oil Lifts Kearl Oil Sands Output Target to 285,000-295,000 bpd in 2026 as Trans Mountain and Asian Demand Drive Revenue Growth.
Vermilion Energy Exceeds Q1 2026 Production Guidance at 125,000 BOE Per Day, Doubles Germany Acreage with New Concessions
Vermilion Energy Exceeds Q1 2026 Production Guidance at 125,000 BOE Per Day, Doubles Germany Acreage with New Concessions. EnergyNow.ca, GuruFocus.
Canadian Natural Resources Raises 2026 Output Guidance After $765 Million Peace River Acquisition
Canadian Natural Resources raised its 2026 production guidance to a record 1.6 million BOE per day following the C$765 million Peace River asset acquisition...
Canada's Oil Patch Records C$37.8 Billion M&A Wave in 2025 as Cenovus, Ovintiv and Whitecap Transform the Upstream Map
Canada's Oil Patch Records C$37.8B M&A Wave in 2025 as Cenovus, Ovintiv and Whitecap Transform the Upstream Map.