mergers and acquisitions

Offshore rig owner expands deepwater fleet in a transaction valued at just under $1 billion.

NewMed’s planned merger with Capricorn Energy may benefit the Israeli company’s Moroccan offshore activities considering that Capricorn had explored the same area in its previous business incarnation.

The UK-based supermajor is taking over Nature Energy, a company that specializes in turning manure and food waste into “CO2-neutral” natural gas.

The deal upon closing at year-end would expand Marathon’s position in the south Texas shale play by 130,000 net acres.

The acquisition plan supplants earlier merger agreement with new terms and a potential faster timeline for the combination.

M&A market activity in the third quarter delivered the best showing of 2022 despite price volatility and a dearth of deals in the prolific Permian Basin.

The Permian Basin operator said the purchase translates to more than a decade of additional inventory.

The acquisition expands Talos' footprint in the deep GOM, giving it ownership stakes in key infrastructure.

The Sydney-based company announced it will also seek to exit all of its upstream permits with the exception of its major LNG joint venture.

ExxonMobil and Shell announced on 1 September that they have agreed to divest their 25-year-old joint venture Aera Energy. The California-based subsidiary reported an average production rate of almost 95,000 BOE/D in 2021, representing nearly a quarter of the state's total oil and gas output.