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California Resources Corp., Aera Energy to Combine in $2.1B Merger
The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
Woodside, Santos Scrap M&A Talks for $52B Combination
After nearly two months of due diligence and negotiations, Woodside did not offer a firm bid price for Santos, sources said.
DNO Acquires Arran Field Stake, Continuing North Sea Expansion
DNO will pay $70 million for Arran Field interests held by ONE-Dyas, and up to $5 million in contingency payments if certain operational targets are met.
DXP Enterprises Buys Water Service Company Kappe Associates
DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile.
ARM Energy Sells Minority Stake in Natgas Marketer to Tokyo Gas
Tokyo Gas America Ltd. purchased a stake in the new firm, ARM Energy Trading LLC, one of the largest private physical gas marketers in North America.
Tellurian Exploring Sale of Upstream Haynesville Shale Assets
Tellurian, which in November raised doubts about its ability to continue as a going concern, said cash from a divestiture would be used to pay off debt and finance the company’s Driftwood LNG project.
Vital Energy Again Ups Interest in Acquired Permian Assets
Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
NOG Closes Utica Shale, Delaware Basin Acquisitions
Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
TGS, SLB to Conduct Engagement Phase 5 in GoM
TGS and SLB’s seventh program within the joint venture involves the acquisition of 157 Outer Continental Shelf blocks.
Venture Global, Grain LNG Ink Deal to Provide LNG to UK
Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum of LNG storage and regasification capacity at the Isle of Grain LNG terminal.