Global upstream M&A in brief
Report summary
Table of contents
- Regional activity
- Shell sells stake in Browse to BP
- Tullow Oil and Perenco Gabon sign asset swap agreement
- TotalEnergies exits Canada with oil sands sale to Suncor
- Panoro Energy acquires sole ownership of its Tunisian business
- Kistos enters Norway with US$1 Mime Petroleum takeover
- Aker Energy acquired by Africa Finance Corporation
- NOVATEK gets the green light to acquire Shell’s stake in Sakhalin-2
- Deal Pipeline: considering an ExxonMobil-Pioneer Natural Resources tie-up
- NEO Energy picks up stake in Greater Buchan Area
- RockRose Energy to farm-in to gas redevelopment project in the UK’s Southern Gas Basin
- Ovintiv buys three EnCap companies in Permian, sells Bakken assets
- Vermilion Energy closes acquisition of Equinor’s 36.5% Corrib stake in Ireland
- Q1 2023 review
- Regional activity
- Spartan Delta sells Montney assets to Crescent Point US$1.2 billion
- TAQA terminates the sale of its Dutch assets to Waldorf Production
- BP and ADNOC offer to buy 50% of Israel's NewMed Energy
- EIG & Brookfield confirm Origin offer; ConocoPhillips joins party
- Equinor sells down Statfjord Area to OKEA for US$220 million
- Prax to enter upstream via acquisition of UK-based Hurricane Energy
- Deal Pipeline: Eni selling its onshore Nigerian JV
- Equinor doubles down on pre-FID oil
- TotalEnergies acquires CEPSA’s UAE assets
- Regional activity
- Deal Pipeline: OMV puts Asia-Pacific assets up for sale
- Vista Energy decides to narrow its focus to unconventional developments
- Baytex acquires Ranger for US$2.5 billion
- Chesapeake sells second Eagle Ford package for US$1.4 billion
- CPC buys 10% stake in Dorado, Pavo oil fields
- Capricorn and NewMed terminate merger
- Somoil continues shopping spree with Galp's Angolan assets
- Chevron exits Myanmar
- Hancock takes control of Warrego
- INPEX’s Eagle Ford project flies over to Repsol
- Regional activity
- Global upstream M&A: 2022 review
- Activists successful in overhauling Capricorn board
- Deal Pipeline: Equinor seeks a buyer for Agbami-Ekoli in Nigeria
- Chesapeake’s return to a gas-only portfolioalmost complete
- Jadestone Energy expands into Thailand
- Capricorn merger with NewMed set for shareholder vote
- Deal Pipeline: Equinor rumoured to be buying Suncor's UK upstream business
- Apex acquires Eni’s producing Western Desert blocks
- Traders exit Rosneft’s Vostok project
- Zenith Energy signs SPA to acquire OMV Yemen
Tables and charts
This report includes 25 images and tables including:
- April 2023 deal count compared to historical benchmarks
- April 2023 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
- Assets transacted
- Top 10 UK pre-FID projects by resource
- Global M&A – Q1 2023
- Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
- Q1 2023 deal count compared to historical benchmarks
- Q1 2023 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
- NewMed Energy NAV (January 2023)
- WoodMac assumed consideration v valuation
- Eni JV Acreage
- Equinor-Suncor deal valuation by fiscal scenario v consideration paid
- Global M&A – February 2023
- Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
- February 2023 deal count compared to historical benchmarks
- February 2023 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
- Global M&A – January 2023
- Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
- January 2023 deal count compared to historical benchmarks
- January 2023 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
- M&A activity 2022
What's included
This report contains:
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