Insight

Global upstream M&A in brief

Get this report

$1,350

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

10 August 2022

Global upstream M&A in brief

Report summary

Welcome to the Global upstream M&A in brief, where we bring you opinion and analysis on M&A-related news. The report provides rolling coverage of notable upstream transactions and potential A&D activity. Periodic market summaries will be supported in this document by an enhanced version of the excel download that was previously found in the Monthly Market Update. You can bookmark this report for regular updates.

Table of contents

  • Devon Energy adds Eagle Ford acreage in US$1.8 billion deal
  • Sval acquires Suncor's Norway portfolio
  • Prime Infra acquires Shell’s 45% stake in Malampaya from Udenna Corporation
  • ExxonMobil completes US$1.06 billion exit from Romania’s Neptun Deep megaproject
  • Regional activity
  • Jadestone takes bp stake in North West Shelf oil
  • Strathcona acquires Serafina in US$1.8 billion private takeover
  • Deal Pipeline: Serica Energy and Kistos reach stand-off over potential North Sea merger
  • Deal Pipeline: ExxonMobil closes in on Iraq exit
  • Deal Pipeline: Shell and ConocoPhillips reportedly eyeing GoM disposals
  • Tellurian’s next Haynesville step
  • VAALCO to merge with Egypt-focussed TransGlobe Energy Corporation
  • Waldorf Production adds Alpha Petroleum to latest string of deals
  • Deal Pipeline: TAQA looks to sell its Netherlands portfolio – who might buy?
  • Russia takes first step towards Sakhalin-2 expropriation
  • TotalEnergies to exit Kharyaga oil project in Russia
  • Regional activity
  • XTO Canada sold to Whitecap Resources for US$1.3 billion
  • Shell acquires operated stake in Gulf of Mexico oil development
  • Earthstone reaches critical Permian mass
  • BW Energy snatches two clusters from Petrobras divestment plan
  • Deal Pipeline: Continental Resources founder offers to take the company private
  • Perenco to buy NewAge's stake in Etinde, Cameroon
  • Cenovus and BP swap oil sands for offshore
  • Devon Energy adds bolt-on in the Bakken
  • Late-life oil asset sales continue in Thailand
  • Deal Pipeline: Repsol reportedly in talks to sell 25% in its E&P unit
  • Tullow and Capricorn to merge
  • Regional activity
  • Equinor exits all JVs in Russia
  • Deal Pipeline: and then there were two – Tullow Oil in the hunt for SPDC
  • Woodside shareholders approve BHP Petroleum merger
  • Centennial and Colgate merge
  • ExxonMobil to sell its Barnett shale portfolio for US$750 million
  • Nigerian government rejects ExxonMobil’s US$1.3 billion sale of JV business to Seplat
  • Equinor sells US$1 billion Norway asset package
  • Wintershall Dea increases stake in Algeria’s Reggane Nord gas field
  • SPAs signed for Sonangol’s asset sales
  • ExxonMobil exits Romania
  • Regional activity
  • Deal Pipeline: TotalEnergies announces plans to sell onshore Nigerian assets
  • Petrobras sells Albacora Leste to PetroRio for US$2.2 billion
  • Navitas Petroleum steps up as operator of Sea Lion development
  • Silverbow acquires Sundance and Sandpoint
  • Sonangol's farm down process ignored by major players
  • Ithaca Energy agrees to acquire Siccar Point for US$1.5 billion
  • Deal Pipeline: CNOOC looks to exit UK upstream business
  • Ithaca Energy buys Summit E&P’s North Sea business
  • Q1 2022 quarterly review
  • Regional activity
  • Deal Pipeline: BP reportedly nearing sale of Algerian assets
  • Eni and BP finalise new Angolan JV
  • ONE-Dyas’s upstream exit begins with sale of its Norwegian business to Pandion Energy
  • Regional activity
  • Deal Pipeline: BP to exit Rosneft shareholding
  • PDC acquires Great Western Petroleum
  • ExxonMobil high-grades in Nigeria with a US$1.6 billion deal
  • Seacrest buys Norte Capixaba Cluster and debuts as an operator in Brazil
  • Deal Pipeline: will Waldorf acquire ONE-Dyas’ UK and Dutch business?
  • Deal Pipeline: Shell seeks exit from UK Southern North Sea
  • Glencore sells its stake in Russneft
  • Eni and HitecVision take Var Energi public
  • Civitas buys Bison O&G
  • Earthstone continues to consolidate the southern Midland Basin
  • Deal Pipeline: Chevron's interest in the NWS no longer for sale
  • Deal Pipeline: NNPC seeks to raise US$5 billion of finance: Shell JV in its sights?
  • ConocoPhillips high-grades its Permian position through legacy sale
  • Petrobras sells Potiguar cluster for US$1.38 billion
  • Regional activity
  • TotalEnergies farms down interest in Greater Laggan Area to Kistos
  • Chesapeake Energy acquires Chief Oil and Gas for US$2.65 billion
  • Vista grows its footprint in the liquids windows of Vaca Muerta
  • TotalEnergies and INPEX high-grade in Angola
  • Deal Pipeline: ExxonMobil marketing its Montney and Duvernay position
  • Enterprise acquires Navitas Midstream in US$3.25 billion deal
  • Repsol beefs up its Marcellus gas portfolio

Tables and charts

This report includes 29 images and tables including:

  • Global M&A – July 2022
  • July 2022 deal count compared to historical benchmarks
  • July 2022 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
  • VAALCO and TransGlobe net cash flow
  • Waldorf Production’s production profile including Alpha Petroleum and combined net cash flow
  • TAQA Netherlands cash flow
  • H1 2022 - key numbers
  • Global upstream M&A - June 2022
  • June 2022 deal count compared to historical benchmarks
  • June 2022 deal spend compared to historical benchmarks
  • US deepwater Gulf of Mexico production by company
  • Global upstream M&A: May 2022
  • May 2022 deal count compared to historical benchmarks
  • May 2022 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
  • Global M&A – April 2022
  • April 2022 deal count compared to historical benchmarks
  • April 2022 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
  • Global M&A – Q1 2022
  • Q1 2022 deal count compared to historical benchmarks
  • Q1 2022 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
  • Average cumulative one year oil (bbl/ft) progression
  • Global M&A – February 2022
  • February 2022 deal count compared to historical benchmarks
  • February 2022 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
  • Global M&A – January 2022
  • January 2022 deal count compared to historical benchmarks
  • January 2022 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)

What's included

This report contains:

  • Document

    Global upstream M&A in brief

    PDF 3.00 MB

  • Document

    DOWNLOAD Monthly Market Update July 2022.xlsm

    XLSM 18.37 MB