Mergers and Acquisitions

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US Upstream M&A Market Rebounds in Q4, Hits $23.5 Billion, Enverus Says

Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil, US News / By

(Reuters) – The U.S. upstream mergers and acquisitions market regained momentum after a mid-year slowdown in the fourth quarter of 2025 reaching $23.5 ​billion in announced deals and pushing full-year activity to $65 billion, ‌analytics firm Enverus said on Wednesday. The rebound was driven by motivated buyers including refunded private equity teams, increased use of …

US Upstream M&A Market Rebounds in Q4, Hits $23.5 Billion, Enverus Says Read More »

Chevron Seeks Better Terms From Iraq Before Taking Over Lukoil Oilfield, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

By Dmitry Zhdannikov and Aref Mohammed Chevron seeks improved terms for West Qurna 2 oilfield, sources say Iraq nationalized operatorship of oilfield after U.S. sanctions on Lukoil Iraq has improved oil contract terms in deals with majors in past two years (Reuters – BASRA/LONDON, Jan 27) – U.S. oil major Chevron is pushing Iraq to …

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Blackstone Weighs $5 Billion Sale of Beacon Offshore, Bloomberg News Reports

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Offshore, Oil, US News / By

(Reuters) – Blackstone is in talks to sell its Beacon Offshore Energy, which operates oil and gas assets in the U.S. Gulf of Mexico for more than $5 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. The asset manager has begun early talks with investment banks about a possible listing of …

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US Shale Producers Devon Energy and Coterra Energy in Merger Talks, Sources Say

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, US News / By

Devon Energy and Coterra Energy are exploring a potential merger, in a deal that could create one of the largest independent U.S. shale producers, people familiar with the matter said. A possible combination, which would rank among the largest between U.S. energy producers in recent years, comes as U.S. crude prices remain pressured by a …

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Carlyle, Chevron-Quantum Partnership Among Frontrunners for Lukoil Assets, Sources Say

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

(Reuters) – Private equity giant Carlyle, a group comprising oil major Chevron and Quantum Capital Group as well as UAE-based investor International Holding Company are competing for the global assets of Russia’s Lukoil as a U.S. deadline to sell them expires this week, sources said. The United States imposed sanctions on Lukoil and its peer …

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Vistra to Buy Cogentrix Energy in $4.7 Billion Deal Amid Surging Power Demand

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, US News / By

Utility Vistra said on Monday it has agreed to buy Cogentrix Energy, comprising 10 natural gas-fired power plants, from Quantum Capital Group for about $4.7 billion, as it looks to meet growing power demand. Shares of the company rose nearly 5% in extended trading. The deal includes about $2.3 billion in cash, $900 million in …

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BP Nears Deal to Sell Majority Stake in Castrol to Stonepeak, WSJ Reports

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

BP is nearing a sale of a majority stake in its Castrol lubricants unit to investment firm Stonepeak in a deal that values the entire division at $10 billion, including debt, the Wall Street Journal reported on Tuesday. As part of the deal, BP is set to receive roughly $6 billion in proceeds from the …

BP Nears Deal to Sell Majority Stake in Castrol to Stonepeak, WSJ Reports Read More »

Alphabet to Buy Clean Energy Developer Intersect in $4.75 Billion Deal Amid AI Push

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

Dec 22 (Reuters) – Alphabet (GOOGL.O) said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence. Big Tech has ramped up investments in energy firms as U.S. power grids struggle …

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Japan’s JAPEX Buys US Tight Oil and Gas Assets in $1.3 Billion Deal

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

Japan Petroleum Exploration said on Thursday it will acquire Verdad Resources Intermediate Holdings LLC (VRIH), which owns tight oil and gas assets in the U.S. for $1.3 billion in its largest-ever deal. JAPEX will buy VRIH, which holds assets in Colorado and Wyoming, from Verdad Resources Feeder LLC using a mix of its own funds …

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EIG’s MidOcean Energy Completes Acquisition of Interest in Canada from PETRONAS

Energy Topics & Technology, Latest, Mergers and Acquisitions, Press Releases / By

LONDON–(BUSINESS WIRE)–MidOcean Energy (“MidOcean”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its acquisition of a 20% interest in PETRONAS’ key entities in Canada. The transaction includes a 20% interest in the North Montney Upstream Joint Venture …

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