mergers and acquisitions

By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.

DNO outbid Genel Energy for the deal, which Genel said it may challenge, according to a filing with the London Stock Exchange.

The deal hands Diversified nearly 500 gross operated wells producing 68,000 BOE/D.

Oil prices are high, but spending has not caught up—yet. Meanwhile, exploration strategies are changing around the world toward a lower-risk model, and the frenzied pace of US M&A has very much cooled off.

The ultrasonic wellbore imaging firm is being taken over by Blackstone, the world's largest alternative asset manager.

The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.

The deal is the largest acquisition in Mitsubishi Corp.'s history and adds one of North America's leading shale gas assets to its portfolio.

The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.

The deal adds physics-based reservoir modeling and real-time decision workflows to SLB’s digital portfolio.

Corporate consolidation and foreign buyers helped drive $38 billion in upstream deals in the first quarter of 2026.