acquisitions and divestitures
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The acquisition adds well completions services for conventional and unconventional reservoirs. -
The deal resulted from the exercise of ConocoPhillips’ preemption right to acquire the stake when operator Origin Energy had intended to sell it to US energy investment firm EIG Global Energy Partners for $2.12 billion.
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Company will add Molykote lubricants, designed for oilfield use, to its slate of materials offerings.
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Norwegian operator sells its nonoperated stake in the Corrib gas project
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Asset sale includes stakes in the Mariner and Culzean projects in the North Sea.
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A trio of service companies will serve as proposed “stalking horse” bidders in the court-supervised sale process, which will be facilitated through Chapter 11 filing.
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The operator is exercising its right of first refusal, negating the previously announced deal with a private equity group.
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UK major offloads North Sea stake to Tailwind Energy as it continues to adjust its portfolio in the region.
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A recent symposium focused on acquisitions and divestitures held by SPE’s Gulf Coast Section offered a face-to-face look at the state of oil and gas investing.
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Oil major sells its holdings in Egypt’s Western Desert.
