Global upstream M&A in brief

Table of contents

• Shell and ExxonMobil’s Dutch JV NAM finally sells its offshore assets
• Waldorf Production UK assets up for sale
• Devon snaps up Grayson Mill
• Regional activity
• PE exchange: Quantum Capital picks up Caerus
• Eni sells Alaska position to Hilcorp
• SM breaks all the M&A rules with XCL buy
• Orlen snaps up Atlantis discovery in Norway
• Africa Oil increased its stake in Prime Oil & Gas
• Mitsui’s latest Gulf Coast gas deal
• HitecVision completes exit from Var Energi
• Carlyle to create Mediterranean E&P company with acquisition of Energean assets
• What keeps GoM dealmaking on track?
• Sound Energy partially divests Moroccan gas assets
• TotalEnergies exits Brunei, sells to Hibiscus Petroleum
• Insight: Why the NOCs should return to international business development
• Advantage acquires Charlie Lake assets from Longshore Resources
• PTTEP acquires Ghasha stake from Wintershall Dea
• Matador boosts Delaware foothold with Ameredev acquisition
• Equinor and Orlen align Eirin and Gina Krog interests in Norway
• Deal Pipeline: is Double Eagle the next mega Permian private sale?
• Regional activity
• Marathon pace: ConocoPhillips runs its deal total even higher
• Aethon set for additional Haynesville growth via Tellurian
• Hess shareholders vote in favour of Chevron deal
• Var continues disposal programme as Concedo picks up Bøyla Area
• ADNOC acquires stake in Rovuma LNG from Galp
• Apache exits the Eagle Ford
• Crescent Energy to acquire SilverBow Resources
• Brazil's Enauta and 3R Petroleum approve merger
• Deal Pipeline: Chevron considers UK upstream exit
• Var Energi sells Norne hub assets in Norway to DNO
• ExxonMobil completes the acquisition of Pioneer
• Eni and BP JV enters Namibia’s Orange basin
• Regional activity
• Trident Energy makes a bold entry to Congo in deals with Chevron and TotalEnergies
• TotalEnergies acquires remaining 50% of SapuraOMV
• Deal Pipeline: OMV Petrom on the hunt for newpartnerathighlyanticipatedKhan Asparuh blockin Bulgaria
• Deal Pipeline: Galp selling stake in Namibia, following blockbuster discovery
• SDX Energy sells its interest in West Gharib Area for US$6.6 million
• Chevron and Hess agree to extend merger timeline
• Equinor sheds last operated Lower 48 asset in EQT swap
• Eni reduces stake in Ghasha
• Deal Pipeline: who will 3R Petroleum choose to merge with?
• Deal Pipeline: YPF initiates its divestment plan of mature assets in several provinces
• More on the Majors scaling-up shale gas
• Additional deal delays
• Regional activity
• Deal Pipeline: Ithaca and Eni UK discuss combination
• Enauta sells stakes in Brazil fields to Westlawn
• Israeli private investor increases stake in Tamar field
• TotalEnergies adds to US gas position
• Kimmeridge ups the ante on proposed SilverBow merger
• ADNOC/BP deal with Israel’s NewMed Energy suspended
• Regional activity
• VAALCO acquires Svenska Petroleum, extends activity in West Africa
• ExxonMobil and CNOOC assert pre-emption rights on Hess’ Guyana equity
• Woodside sells a further 15.1% in Scarborough LNG to JERA
• ExxonMobil trims US GoM portfolio
• Gabon Oil Company acquires Assala Energy via pre-emption
• A&D notes from the NAPE Summit
• Diamondback Energy buys Endeavor for US$26 billion
• West Coast consolidation begins? CRC merges with Aera
• Deal Pipeline: more Haynesville assets on the market
• No deal: Woodside and Santos end merger discussions
• Permian M&A notes from the road
• Deal Pipeline: Encap marketing Bakken player Grayson Mill
• Permian Resources continues Delaware Basin M&A push
• Regional activity
• TotalEnergies buys OMV's Malaysian assets
• Deal Pipeline: Chevron markets its play-leading Duvernay position
• Liard shuffle sees Chevron exit,Paramount Resources enter andWoodside remain
• Upstream reshuffling in Kurdistan: TAQA exits while HKN Energy doubles down
• Shell sells onshore Nigeria joint venture
• Chesapeake to merge with Southwestern and create largest US gas company
• INPEX acquires additional stake in flagship Ichthys LNG
• TotalEnergies acquires more equity in Namibia’s giant Venus oil field
• ADNOC acquires 10.1% stake in CCUS player Storegga

Tables and charts

This report includes 89 images and tables including:

• Global M&A – H1 2024
• H1 2024 – key numbers
• Global M&A – June 2024

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• Global upstream M&A in brief

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