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Devon Energy has agreed to acquire rival Oklahoma-based oil and gas company WPX Energy in an all-stock deal… • Read More »

Breidablikk oil project : Equinor and its partners Petoro, ConocoPhillips Skandinavia, and Vår Energi have approved the development… • Read More »

French oil and gas giant Total said that it has reached an agreement to transfer to its equity… • Read More »

British energy services company Wood has bagged an engineering, procurement, construction, and installation (EPCI) services contract worth $84… • Read More »


ConocoPhillips to acquire US shale producer Concho Resources for $9.7bn

ConocoPhillips to acquire US shale producer Concho Resources for $9.7bn

ConocoPhillips acquisition of Concho Resources : US oil and gas giant ConocoPhillips has agreed to acquire Concho Resources, an unconventional shale producer in the Permian Basin, in an all-stock deal worth $9.7 billion. The deal is set to combine a couple of high-quality industry leaders to create a company with an enterprise value of nearly […]

ADNOC signs $2.1bn deal with ADPF, ADQ for ADNOC Gas Pipeline Assets

ADNOC signs $2.1bn deal with ADPF, ADQ for ADNOC Gas Pipeline Assets

Abu Dhabi National Oil Company (ADNOC) has signed a $2.1 billion deal to offload a stake of 20% in ADNOC Gas Pipelines HoldCo to UAE state-owned investors Abu Dhabi Pension Fund (ADPF) and ADQ. The deal enables the entry of ADPF and ADQ into ADNOC Gas Pipeline Assets, a natural gas pipeline partnership in the […]

Seadrill Partners bags $24m contract for West Vela drilling ship from BP

Seadrill Partners bags $24m contract for West Vela drilling ship from BP

Seadrill Partners said that it has bagged additional work from oil and gas giant BP for the West Vela drilling ship in the US Gulf of Mexico. According to the British drilling rig operator, the contract value for the firm part is likely to be $23.8 million. The contract is likely to run until early […]

Superior Plus acquires California-based Central Coast Propane

Superior Plus acquires California-based Central Coast Propane

Superior Plus, a US-based energy products distributor, said that one of its fully-owned subsidiaries has acquired Central Coast Propane, a retail propane distributor in Southern California. The financial terms of the deal were not revealed by the parties. Based in Paso Robles, Central Coast Propane has been operating since 1992. The independent retail propane distributor […]