Natural gas/Oil M&A

MPLX closes $9B deal to acquire Andeavor Logistics

MPLX LP closed its acquisition of Andeavor Logistics LP in a unit-for-unit transaction worth about $9 billion in equity value and $14 billion in enterprise value.

Eni, OMV close stake acquisition in Abu Dhabi National Oil subsidiary

Italy's Eni SpA and Austria's OMV AG completed the acquisition of a 35% stake in Abu Dhabi Oil Refining Co. for $5.67 billion, according to separate July 31 news releases from the companies.

UGI closes $1.28B deal to buy TC Energy's Columbia Midstream

UGI Corp. completed its acquisition of Columbia Midstream Group LLC from a TC Energy Corp. subsidiary for about $1.28 billion, a move that expands UGI's midstream portfolio in the southwestern Appalachian Basin.

Shell unit completes sale of 22.45% stake in Caesar-Tonga field to Equinor

Royal Dutch Shell PLC subsidiary Shell Offshore Inc. completed the sale of its 22.45% interest in the Caesar-Tonga oil field in the U.S. Gulf of Mexico to Equinor ASA subsidiary Equinor Gulf of Mexico LLC for $965 million, subject to lease assignment approval by the regulator.

Occidental CEO defends Anadarko purchase, touts Ecopetrol JV in Q2 earnings call

Occidental Petroleum Corp. CEO Vicki Hollub made her most public comments to date on the planned acquisition of Anadarko Petroleum Corp. during the company's second-quarter earnings call Aug. 1, saying it will benefit both Occidental and investors in the future. Anadarko recently offered more details on the merger.

Marathon Petroleum working through 'a couple' of asset divestiture deals

Marathon Petroleum Corp. executives said Aug. 1 that asset divestitures are in the works as part of a long-term portfolio optimization.

Petrobras planning further divestitures as it looks to focus on upstream sector

Already almost $13 billion into a divestment plan that began in January, Petróleo Brasileiro SA is still looking to sell more assets and investments as it looks to establish itself as an asset-heavy oil and gas exploration and production company, executives said the company's second-quarter earnings call.

Archrock completes acquisition of Elite Compression

Texas-based natural gas compression services provider Archrock Inc. and its subsidiary Archrock Services LP completed the previously reported acquisition of JDH Capital Co. portfolio company Elite Compression Services LLC for $205 million in cash and 21,656,683 shares of Archrock common stock, according to an Aug. 1 securities filing.

Amplify Energy, Midstates Petroleum merger gets shareholder approval

Shareholders of Amplify Energy Corp. and Midstates Petroleum Co. Inc. approved the oil and gas producers' all-stock merger of equals transaction at an Aug. 2 annual meeting.

Total to sell stake in French pipeline network for $290M

Total SA signed an agreement to sell its 30% stake in Société des Transports Pétroliers par Pipelines to crude oil and refined product storage operator Pisto SAS for $290 million, according to an Aug. 5 news release from the company. The transaction is still subject to regulatory approvals.

Continental Resources strikes 2 deals in Oklahoma oil, gas plays

Continental Resources Inc. agreed to divest a water gathering and recycling system in the STACK play of Oklahoma to Macquarie Group Ltd.-backed water midstream company Lagoon Water Solutions LLC for $85 million.

PTT unit to acquire 39% stake in Thai oil and gas producer APICO for $74M

PTT Exploration and Production Public Co. Ltd. subsidiary PTTEP HK Holding Ltd. signed a share purchase agreement to acquire a 39% stake in the Thai oil and gas producer APICO LLC from Coastal Energy Co. for about $74 million.

CNOOC unit to acquire parent company's stake in coalbed methane company

CNOOC China Ltd. will acquire parent company CNOOC Ltd.'s stake in China United Coalbed Methane Corp. Ltd. for 5.34 billion Chinese yuan under an equity transfer agreement, according to an Aug. 1 news release from the parent company.

Marguerite II fund to acquire interest in Italgas units in Sardinia

European infrastructure fund Marguerite II has agreed to acquire a 48.15% interest in the Sardinian businesses of Italgas SpA through an initial investment of approximately €25 million.

Coal M&A

Justice family-owned Bluestone Resources acquires Birmingham coke plant

Justice family-owned Bluestone Resources Inc. announced that it acquired the almost century-old ERP Compliant Coke LLC in Birmingham, Ala., according to an Aug. 1 release.

Tango to rebrand, sell South African coal assets as focus shifts to diamonds

Tango Mining Ltd. plans to sell its coal assets in South Africa and rebrand as Southstone Minerals Ltd. as the company shifts its focus to the Oena diamond mine in the country.