Global upstream M&A in brief: 2019 archive

Table of contents

• Regional activity
• Shell sells Haynesville position
• Unlikely outcome for Devon's former crownjewel
• Total acquires Block 20 and Block 21, Angola
• WPX to acquire Felix Energy for US$2.5 billion
• Talos transforms its GoM footprint
• Regional activity
• Cairn Energy exits Norway
• Chevron exits Colombia
• ExxonMobil to expand disposal programme
• Jadestone Energy acquires New Zealand stake from OMV
• GeoPark increases its presence in Colombia
• Equinor exits the Eagle Ford
• Chevron exits Azerbaijan
• Chevron exits the Philippines
• Pengrowth Energy taken private as debt burden takes its toll
• Regional activity
• Shell acquires Brunei deepwater exploration block from Total
• Ecopetrol acquires a 30% stake in Gato do Mato from Shell
• Parsley and Jagged Peak consolidate in the Permian
• Neptune makes US$250 million bolt-on North Sea acquisition
• Santos acquires ConocoPhillips' norther Australian portfolio
• Good news, bad news on BP disposal programme
• Q3 2019 quarterly review
  • Regional activity
  • Pluspetrol acquires in Peru from SK Innovation
  • ExxonMobil exits Norway in US$4.5 billion deal withVår Energi
  • Crescent Point exits Uinta
  • Callon investor presses company to end Carrizo bid
  • Concho sells Northwest Shelf acreage
  • Regional activity
  • Tullow terminates farm-down agreement with Total and CNOOC Uganda
  • BP exits Alaska
  • PDC and SRC consolidate in the DJ Basin
  • Deal Pipeline – Premier seeks buyer for Zama
  • Deal Pipeline – ExxonMobil reportedly seeking UK upstream buyer
  • Petrobras sells asset to new operator 3R Petroleum
  • Regional activity
  • Ecopetrol in Midland Permian tie-up with Oxy
  • Asian capital returns to US shale
  • Deal Pipeline – Another legacy player up for sale in the North Sea
  • Neptune ups its stakes in Kutei Basin
  • ConocoPhillips to partner with Wintershall Dea in Vaca Muerta
  • Deal Pipeline – Total announces US$5 billion divestment plan
  • Petrobras divests upstream assets for US$1.5 billion
  • Deal Pipeline – US corporate investment: mixed signals for M&A
  • Range Resources divests additional royalty interests
  • Deal Pipeline – Amerisur rejects bid from M&P, begins sales process
  • Permian pure-play Callon acquires Carrizo for US$3.3 billion
  • Total sells UK assets
  • Deal Pipeline – Siccar Point considering exit routes
  • Equinor sells stake in Lundin Petroleum
  • Energean beats competition to acquire Edison’s E&P assets
  • Regional activity
  • NOVATEK sells stake in Arctic LNG 2 to Mitsui and JOGMEC
  • Oil Search exercises US$450 million Alaska option
  • Tullow considers Uganda exit
  • ExxonMobil looking at Norwegian exit
  • OKEA IPO fails to impress
  • PTTEP continues its acquisition spree
  • Glencore looking to exit Chad
  • Comstock consolidates in Haynesville with US$2.25 billion Covey deal
  • PGNiG acquires a stake in the King Lear field from Total offshore Norway
  • Shell and Gazpromneft sign new 50:50 JV
  • LUKOIL enters the Congo: acquires NewAge’s 25% stake in Marine XII for US$800 million
  • Dragon Oil makes a splash in Egypt with the acquisition of BP’s GUPCO assets
  • Regional activity
  • Chevron sells substantially all its UK North Sea assets to Delek
  • Devon exits Canada
  • Sonatrach to pre-empt Total in Algeria?
  • Talos showing interest in Oxy's recently acquired deepwater GoM position
  • Total exploring Kashagan farm-down
  • Santos enters P’nyang, brings PNG expansion closer
  • Equinor pre-empts Delek at Caesar Tonga
  • Oxy wins Anadarko race as Chevron withdraws
• Anadarko bids lead surge in M&A spend
  • Regional activity
  • Petrobras sells down to PETRONAS
  • Chinese NOCs join NOVATEK in Arctic LNG
  • Occidental enters Anadarko race with hostile bid
  • Murphy buys GoM assets from LLOG for US$1.4 billion
  • Chrysaor buys ConocoPhillips' UK assets for US$2.7 billion
  • Chevron buys Anadarko for US$50 billion
  • Shell high-grades in deepwater GoM
  • Carlyle buys into Cepsa
  • ExxonMobil lining up Nigeria sale
  • Mime Petroleum enters Norwegian upstream
• Q1 2019 quarterly review
  • Regional activity
  • Diversified diversifies into unconventionals
  • Murphy exits Malaysia to PTTEP for US$2.1 billion
  • Brigham lining up second run at the Permian
  • SM Energy and Carrizo rumoured to be considering tie-up
  • Equinor linked with Eagle Ford exit
  • Petrobras signals significant uptick in planned disposals
  • ExxonMobil 'anticipates' US$15 billion divestments by 2021
  • BP's unconventional gas assets onshore US attracting bidders
  • INPEX enters US tight oil

Tables and charts

This report includes 34 images and tables including:

• December 2019 deal count compared to historical benchmarks
• December 2019 disclosed consideration compared to historical benchmarks (adjusted to exclude US$50bn+ megadeals)
• Global M&A – November 2019

What's included

This report contains:

• Global upstream M&A in brief: 2019 archive

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• Global upstream M&A in brief

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• DOWNLOAD_Monthly_Market_Update_December_2019.xls

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