Oil and Gas M&A

Report: Exxon may sell Malaysian assets as part of $15B divestment program

Exxon Mobil Corp. is considering selling noncore upstream assets in Malaysia as part of its wider program to divest $15 billion of assets by 2021, Bloomberg reported Oct. 9, citing several sources familiar with the matter. Wood Mackenzie analysts had earlier said that the U.S. supermajor could look to dispose of various noncore holdings across Asia Pacific in 2020 to meet the divestment target.

BP ahead of schedule on $10B divestment, looks to take $3B in Q3 charge

BP PLC said it is ahead of schedule by a year for its planned $10 billion divestment program.

Permian producers Parsley Energy, Jagged Peak to merge in $2.27B deal

Permian Basin-focused oil and gas producers Parsley Energy Inc. and Jagged Peak Energy Inc. have agreed to merge in an all-stock deal valued at about $2.27 billion.

ConocoPhillips inks $1.39B deal to sell Australia-West assets to Santos

ConocoPhillips is set to raise $1.39 billion from the sale of its Australia-West assets and operations to Santos Ltd. for use for general corporate purposes.

Callon Petroleum sets shareholders meeting to vote on merger with Carrizo

Callon Petroleum Co. scheduled a special meeting of shareholders for Nov. 14 to vote on the proposed $3.2 billion merger with Carrizo Oil & Gas Inc.

Report: Mol Group looking to buy Chevron's $2B Azeri oilfield stake

Hungarian integrated oil and gas company MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag, or Mol Group, is in discussions with Chevron Corp. to buy the oil major's stake in the Azeri-Chirag-Gunashli field in the Caspian Sea for more than $2 billion, Reuters reported Oct. 9, citing three banking and industry sources involved in the process.

Total strikes deal to acquire 37.4% stake in India's Adani Gas

Total SA entered into agreements to acquire a 37.4% stake in integrated gas utility Adani Gas Ltd., the largest foreign investment in India's city gas distribution sector by an energy major.

Petrobras closes stake sale in 3 fields to Perenco

Petróleo Brasileiro SA completed the sale of its stakes and operatorship in the Pargo, Carapeba and Vermelho offshore fields to Perenco Petróleo e Gás do Brasil Ltda. for a total of $398 million. The assets produce about 9,000 barrels per day.

Energean inks deal to sell Edison UK, Norwegian upstream units to Neptune Energy

Energean Oil & Gas PLC will sell the U.K. and Norwegian subsidiaries of Edison Exploration & Production SpA to Neptune Energy Group Holdings Ltd. for $250 million, as Energean positions itself to become the largest independent gas exploration and production company in the Mediterranean.

Chesapeake Utilities to exit gas marketing business with asset sale

Chesapeake Utilities Corp. is selling the majority of the assets of its natural gas marketing subsidiary Peninsula Energy Services Co. Inc., marking the company's exit from the gas marketing business.

Report: Qatar invites oil, gas majors to bid on North Field expansion project

Qatar has invited a number of oil and gas majors to file bids for contracts on its North Field natural gas expansion project, according to an Oct. 8 report from Bloomberg News, citing a statement from Qatar Energy Minister Saad Sherida Al-Kaabi.

Report: Continental Resources looking to sell stake in water business

Continental Resources Inc. is considering selling a noncontrolling stake in its water infrastructure unit, which could be worth $1 billion or more, Bloomberg News reported Oct. 8, citing unnamed sources.

Report: Exxon taps Jefferies for options on UK North Sea assets

Exxon hired investment bank Jefferies Financial Group Inc. to help it assess options for its U.K. North Sea assets, Bloomberg reported Oct. 8, citing unnamed sources.

Woodland Midstream II acquires Permian sour gas system

Woodland Midstream II LLC announced that it was acquiring the James Lake fully integrated sour gas gathering, treating and processing system from an unnamed private seller for an undisclosed amount, according to an Oct. 8 release.

Coal M&A

Court approves Blackjewel's plan to transfer eastern permits for western sale

A federal court approved Blackjewel LLC's plan to transfer the permits and reclamation obligations related to its remaining eastern assets to an affiliate of FM Coal LLC, freeing up the debtor to sell its Powder River Basin mines.