Oil and Gas M&A
Pembina, Kinder Morgan Canada amend merger deal to include preferred shares
Pembina Pipeline Corp. and Kinder Morgan Canada Ltd. have expanded their merger agreement to include the Kinder Morgan Inc. subsidiary's preferred shares, pending approval from its holders.
Exxon's Norway upstream asset sale would be 'landmark' Continental Shelf deal
U.S. supermajor Exxon Mobil Corp.'s potential $4 billion sale of nonoperating Norwegian oil and gas assets would not only advance the major's plan to divest $15 billion in holdings by 2021 but would also mark the largest upstream deal in the last five years in the North Sea, analysts said.
Callon fires back at major critic of planned Carrizo acquisition
The management of Callon Petroleum Co. fired back at a major critic of its planned acquisition of Carrizo Oil & Gas Inc. on Sept. 9, saying the merger would maximize shareholder value.
Report: Exxon in advanced negotiations to sell Gulf of Mexico assets to Repsol
Exxon Mobil is in advanced negotiations to sell its U.S. Gulf of Mexico deepwater assets to Spain's Repsol SA for around $1 billion, according to a report from Reuters citing unnamed sources.
Report: BP CEO says company to sell oil assets to cut emissions, reduce debt
London-based major BP plc plans to divest oil assets and throttle back the development of other traditional projects as the company works to reduce debt, cut emissions and align its business model with the Paris Agreement on climate change, according to a Bloomberg article, citing a conference call with CEO Bob Dudley.
Petrobras closes sale of 70% stake in Maromba oil field to BW Offshore
State-owned oil company Petróleo Brasileiro SA closed the previously reported sale of its 70% interest in the Maromba field in Brazil's Campos Basin to BW Offshore Ltd. subsidiary BW Offshore Production do Brasil Ltda, according to a securities filing.
Exxon, Enauta, Murphy buy deepwater blocks offshore Brazil
Exxon Mobil teamed with Brazil's Enauta Participações SA and Murphy Oil Corp. to snap up three ultra-deepwater oil and natural gas concessions during Brazil's first Open Acreage auction.
Report: ONGC looking to acquire other stakes in petrochemical firm
Oil and Natural Gas Corp. Ltd. is looking into acquiring the other stakes in petrochemical firm ONGC Petro additions Ltd., according to a report from Reuters, citing the company's director of finance Subhash Kumar.
Obsidian Energy to explore strategic alternatives
Canada-based oil and gas producer Obsidian Energy Ltd.'s board initiated a formal process to explore strategic alternatives to maximize shareholder value.
Report: Riverstone, other investors hire bank to weigh options for Cuadrilla
Cuadrilla Resources Ltd. shareholders, including private equity firms Riverstone Holdings LLC and Kerogen Capital, are evaluating an outright sale and other options for the U.K.-based shale gas driller, Bloomberg News reported, citing people with knowledge of the matter.
Report: Italy's Snam to buy 33% stake in Energy Transfer's Rover pipeline
The Italian natural gas pipeline operator Snam SpA is looking to buy a stake in Energy Transfer LP's 3.25-Bcf/d Rover natural gas pipeline as it seeks to expand its footprint outside of Europe, Reuters reported, citing four unnamed sources.
Viper Energy to buy mineral, royalty interests in $150M all-equity deal
Viper Energy Partners LP agreed to purchase certain mineral and royalty interests in Texas from private equity-backed Santa Elena Minerals LP in an all-equity transaction valued at $150 million.
Southcross gets bankruptcy court approval to sell Texas gas pipelines for $76M
Southcross Energy Partners LP, which filed for Chapter 11 bankruptcy protection earlier this year, agreed to sell certain natural gas pipeline assets in Texas to a Kinder Morgan subsidiary for $76 million in cash.
Report: Japan's Inpex seeks to expand in Australia
Japan's Inpex Corp. is planning to expand in Australia through its Ichthys LNG project and other possible acquisitions as it pursues its goal of becoming one of the top global energy companies, Reuters reported, citing a statement from the company's president director for Australia.
Report: Woodside looking to sell stake in Australian field, Canadian LNG project
Woodside Petroleum Ltd., in a bid to reduce its capital exposure, is looking to cut its stakes in the Scarborough gas field in Australia and the Kitimat LNG project in Canada, Reuters reported, citing comments from company CEO Peter Coleman.
Coal M&A
Rhino closes on deal to buy 3 of Blackjewel's Va. metallurgical coal mines
Rhino Resource Partners LP closed on an agreement with Blackjewel LLC to purchase three underground, mid-vol metallurgical coal mines in Virginia that were actively producing coal before the latter filed for bankruptcy protection.
Report: Whitehaven eyeing Pembroke's Olive Downs coal project
Whitehaven Coal Ltd. is eyeing a stake in the Olive Downs coking coal project in Queensland, Australia, owned by Pembroke Resources Pty. Ltd., The Australian reported.
