PetroChina may divest Australian and Canadian assets to offset losses
The sale comes over concerns of Western sanctions impacting the assets and also due to their ‘disappointing economics’.
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Earthstone Energy signs $627m deal to acquire New Mexico assets
The deal is expected to increase Earthstone’s net production by 18,000boepd to 23,000boepd in Q4 2022.
ExxonMobil and Imperial Oil to sell Canadian oil and gas assets for $1.47bn
With the acquisition, Whitecap Resources will enter the liquids-rich Duvernay play at Kaybob.
Pipeline Technique to acquire Stanley’s oil and gas division
PTL will acquire CRC-Evans, Pipeline Induction Heat, and Stanley Inspection that form Stanley’s oil and gas division.
Shelf Drilling to acquire Noble’s five jack-up rigs for $375m
The sale is expected to address the UK CMA’s potential concerns relating to the planned merger of Nobel and Maersk…
Petrobras to sell Brazilian deep-water assets to BW Energy
With the purchase, BW Energy expects to add nearly 9,000 barrels of oil per day starting from early 2023.
Berkshire Hathaway increases stake in Occidental Petroleum
With the latest purchases, Berkshire Hathaway now holds approximately 152.7 million Occidental shares.
ProFrac agrees to acquire US Well Services
Upon completion of the USWS acquisition, ProFrac will have 44 active frac solution fleets by the end of this year.