Global upstream M&A in brief: 2021 archive
Report summary
Table of contents
- Regional activity
- Aker BP buys Lundin Energy to create 'super' Norwegian independent
- Cenovus sells Tucker oil sands asset for Cdn$800 million
- ExxonMobil, Petronas sell Chad and Cameroon to Savannah
- Centrica-owned Spirit Energy exits Norway to Sval Energi
- BP and SOCAR part pre-empt LUKOIL’s US$2.25 billion Shah Deniz deal with PETRONAS
- ConocoPhillips swaps Indonesian gas for Australian LNG
- JERA buys into high emissions Barossa gas project
- Mitsui consolidates ownership of MOECO
- BP acquires JX Nippon’s interests in the Andrew Area
- PE-backed NEO Energy strikes again as JX Nippon exits the UK
- Regional activity
- Deal Pipeline:Neptune requests takeover bids and Lundin mulls over potential sale
- Equinor exits Ireland
- JX Nippon exits UK upstream
- ConocoPhillips and TotalEnergies acquire Hess' stake in Libya's Waha concessions
- Paloma buys out Goodrich for US$480 million
- GeoPark divests all operated blocks in Argentina
- Neptune Energy offloads non-core asset stakes to M Vest and OKEA in Norway for US$35 million
- Delek-owned Ithaca acquires Marubeni's UK portfolio
- Aker and BP sell 5% in Aker BP through private placement
- Tullow increases Ghana interest
- Glencore finally agrees to sell its Chad assets to Perenco
- Southwestern double-dips into the Haynesville
- Continental enters the Permian with US$3.25 billion Pioneer deal
- Regional activity
- Lundin acquires OMV’s 25% interest in Wisting in the Norwegian Barents Sea
- Deal Pipeline: Shell and ExxonMobil’s NAM JV to offload non-core Netherlands fields
- ExxonMobil agrees terms with Romgaz to sell its stake in Romania’s giant Neptun Deep project
- EIG buys 10% of APLNG from Origin
- Deal Pipeline: Posco makes US$626 million takeover bid for Senex
- Oxy sells Ghana assets for US$750 million
- SilverBow bolts on its largest Eagle Ford acquisition yet
- PETRONAS sells Shah Deniz stake to LUKOIL for US$2.25 billion
- Comstock swaps oil for gas
- Deal Pipeline: ExxonMobil to exit its Nigerian shallow water JV
- Q3 2021 quarterly review
- Deal Pipeline: Harbour Energy explores options to exit the Sea Lion project
- ConocoPhillips buys Shell's Permian position for US$9.5 billion
- Deal Pipeline: Neptune looking to Harbour for exit?
- Deal Pipeline: Chevron selling Eagle Ford assets
- Delek Drilling sells its remaining stake in Tamar to Mubadala
- Deal Pipeline: TAQA to sell oil and gas assets?
- Regional activity
- Repsol exits Vietnam
- Woodside and BHP agree to merge oil and gas businesses
- SilverBow makes another Eagle Ford move
- Chesapeake acquires Vine Energy
- Santos and Oil Search merge to create Australia's new leading E&P
- Callon picks up Permian private player Primexx
- Regional activity
- Lime Rock acquires Loving County assets
- Equinor agrees swap deal with PE-backed Wellesley Petroleum in Norway
- Whiting consolidating into Williston
- Santos proposes Oil Search merger
- PennVirginiatoacquire Lonestar
- Déjà vu as TotalEnergies exits Kurdistan for the second time
- Compañía General de Combustibles (CGC) acquires Sinopec Argentina
- LUKOIL acquires in Mexico in the country’s largest upstream deal
- Shell pre-empts Tailwind’s Shearwater deal
- Petrobras successfully divests Polo Alagoas to Petromais
- Global M&A: H1 2021 highlights
- Regional activity
- Petrobras successfully divests Polo Alagoas to Petromais
- Shell extends its position in Vaca Muerta's black oil window
-
Tourmaline acquires Black Swan
- 11 June 2021
- Oxy divests non-core Permian acreage for US$508 million
- Rosneft sells a further 5% in Vostok Oil
- Colgate acts fast acquiring more Permian assets
- KKR's Independence goes public with a deal to do more deals
- Deal Pipeline:Savannah Energy in exclusive talks to acquire ExxonMobil’s Chad & Cameroon businesses
- Repsol high-grades in South-Eastern Asia
- More L48 shale gas consolidation as SWN steps out from northeast
-
Colgate buys Luxe's Permian assets as NGP rolls up portfolio companies
- Regional activity
- Cimarex and Cabot combine in merger of equals
- Cue Energy and NZOG enter Australia’s Northern Territory
- Mercuria-backed Tailwind buys Shearwater stake from BP
- Oasis exits the Permian
- Shell exits Philippines with sale of Malampaya gas fields
- Eni and BP consider merging their Angolan portfolios
-
Tourmaline continues Montney shopping spree
- 19 May 2021
- Repsol retreats from Russia
- Bonanza Creek–Extraction merger creates new DJ Basin giant
- Laredo acquires more Howard County acreage, sells legacy assets
- EQT continues its Marcellus consolidation with US$3 billion Alta takeover
- Oasis buys Bakken assets from Diamondback
- Deal Pipeline: Chesapeake selling Eagle Ford?
- Vitol's Vencer makes Permian splash with Hunt Oil acreage
-
Jadestone enters Malaysia through SapuraOMV's PM assets
- Regional activity
- EnQuest snaps up Bentley - one of the UK’s heaviest oil fields - from Whalsay Energy
- Dana Gas’ sale of Egyptian assets falls through
- Deal Pipeline: Mubadala to acquire Delek Drilling’s stake in Tamar
- EOG buzzes in to Australia for Melbana's Beehive
- Second farm-out agreement falls through at Ireland’s Barryroe oil field
- Tamarack Valley acquires Anegada Oil Corp
- Hess trims its Bakken position
- Romgaz submits sole bid for ExxonMobil’s stake in Romania’s giant Neptun Deep project
- Tailwind Energy acquires Decipher Energy in sixth UK deal of 2021
-
Whitecap Resources expands in Montney with a Cdn$300 million Kicking Horse deal
- 5 April 2021
-
Q1 2021 quarterly review
- Regional activity
- PGNiG strikes again as INEOS exits Norway for US$615 million
- Ovintiv sells Eagle Ford asset for US$880 million
- Kistos enters Dutch upstream with maiden acquisition of Tulip Oil
- UK private equity consolidation sees NEO acquire Zennor for US$625 million
- Cairn sells UK assets to Waldorf
- Shell sells assets in Egypt’s Western Desert to Cairn and Cheiron
- Eni exits Pakistan
-
ExxonMobil sold its stake in Lucius and Hadrian North in US Gulf of Mexico
- Regional activity
- ExxonMobil sells UK asset package for more than US$1 billion
- Continental added PRB acreage
- LUKOIL pushes hard for Sangomar position with bid for FAR
- Shell and Ovintiv each exit Duvernay
- Spartan continues Canadian expansion
- Equinor backs out of the Bakken
- DNO acquires ExxonMobil’s stake in the Baeshiqa license, Kurdistan
- Panoro Energy acquires Tullow Oil assets in Equatorial Guinea and Gabon
- EnQuest buys Suncor's stake in Golden Eagle Area for US$325 million
- Surge grabs Grenadier and expands its Permian position
- KNOC set to sell North Sea asset package
- BP sells 20% stake in Khazzan: desperate times call for desperate measures
- ExxonMobil and Chevron reportedly held merger talks early last year
- Regional activity
- Beach buys Mitsui's Bass Basin interests
- Deal Pipeline: NEO in exclusive UK talks with ExxonMobil
- Heirs Holdings buys stake OML 17 (Nigeria) from Majors
Tables and charts
This report includes 44 images and tables including:
- December 2021 deal count compared to historical benchmarks
- December 2021 deal spend compared to historical benchmarks
- Santos Barossa capital expenditure profile
- Global M&A - November 2021
- November 2021 deal count compared to historical benchmarks
- November 2021 2021 disclosed consideration compared to historical benchmarks (adjusted to exclude US$50bn+ megadeals)
- Global M&A – October 2021
- October 2021 deal count compared to historical benchmarks
- October 2021 disclosed consideration compared to historical benchmarks (adjusted to exclude US$50bn+ megadeals)
- NAM Netherlands assets up for sale
- Posco and Senex combined production outlook by country
- Kosmos Energy cashflow impact
- ExxonMobil JV net resources
- Global M&A: Q3 2021
- Q3 2021 deal count compared to historical benchmarks
- Q3 2021 deal spend compared to historical benchmarks
- Taqa top fields by NPV10
- Global M&A – August 2021
- August 2021 deal count compared to historical benchmarks
- August 2021 disclosed consideration compared to historical benchmarks (adjusted to exclude US$50bn+ megadeals)
- Global M&A – July 2021
- July 2021 deal count compared to historical benchmarks
- July 2021 disclosed consideration compared to historical benchmarks (adjusted to exclude US$50bn+ megadeals)
- M&A H1 2021 deal count by region
- Global M&A - June 2021
- June 2021 deal count compared to historical benchmarks
- June 2021 disclosed consideration compared to historical benchmarks (adjusted to exclude US$50bn+ megadeals)
- Well performance comparison for offset wells
- Global M&A – May 2021
- Global M&A – April 2021
- Global M&A – Q1 2021
- Global M&A – February 2021
- Global M&A – January 2021
- January 2021 deal count compared to historical benchmarks
- January 2021 disclosed consideration compared to historical benchmarks (adjusted to exclude US$50bn+ megadeals)
- May 2021 deal count compared to historical benchmarks
- May 2021 disclosed consideration compared to historical benchmarks (adjusted to exclude US$50bn+ megadeals)
- April 2021 deal count compared to historical benchmarks
- April 2021 disclosed consideration compared to historical benchmarks (adjusted to exclude US$50bn+ megadeals)
- Q1 2021 deal count compared to historical benchmarks
- Q1 2021 disclosed consideration compared to historical benchmarks (adjusted to exclude US$50bn+ megadeals)
- February 2021 deal count compared to historical benchmarks
- February 2021 disclosed consideration compared to historical benchmarks (adjusted to exclude US$50bn+ megadeals)
What's included
This report contains:
Other reports you may be interested in
04 May 2023
Global upstream M&A in brief
Global upstream M&A in brief
The global upstream M&A in brief provides the Wood Mackenzie view on all of the key M&A events as they unfold.
$1,35011 January 2023
Global upstream M&A in brief: 2022 archive
Global upstream M&A in brief: 2022 archive
The global upstream M&A in brief provides the Wood Mackenzie view on all of the key M&A events as they unfold.
$1,35001 February 2021
Global upstream M&A in brief: 2020 archive
Global upstream M&A in brief: 2020 archive
The global upstream M&A in brief provides the Wood Mackenzie view on all of the key M&A events as they unfold.
$1,350