Canada’s Tourmaline Acquires 2 Companies Worth $585 MM

• Thursday, 5th November 2020
• by Editorial Team

Canadian oil and gas producer, Tourmaline Oil Corporation (Tourmaline), has acquired oil and gas company, Jupiter Resources, in an all-stock deal reported at approximately $476 million, inclusive of debt. Tourmaline h...

Cenovus, Husky Announce Merger

• Monday, 26th October 2020
• by Editorial Team

Cenovus Energy and Husky Energy have announced a transaction to create a new Canadian oil and natural gas company with an integrated upstream and downstream portfolio which will provide increased funds, according to a...

ConocoPhillips to buy Concho Resources in Landmark $9.7 B Deal

• Tuesday, 20th October 2020
• by Editorial Team

ConocoPhillips and Concho Resources have announced that they have entered into a definitive agreement to combine companies in an all-stock transaction for a total of $9.7 billion in an attempt to further consolidate t...

Devon Energy to Buy Rival Shale Company

• Tuesday, 29th September 2020
• by Editorial Team

US oil and gas producer, Devon Energy Corporation, will buy shale-oil rival WPX Energy for an estimated $2.56 billion as it looks to cement its position in the top US oilfield, according to Reuters. The deal, which co...

ConocoPhillips Completes Montney Acreage Acquisition

• Sunday, 23rd August 2020
• by Editorial Team

US supermajor ConocoPhillips has announced its completion of the Montney acreage acquisition in Canada from Kelt Exploration for a total of $390 million, according to a press release. The company also assumed approxim...

Energean Amends Edison E&P Acquisition for $178 MM

• Monday, 29th June 2020
• by Fatma Ahmed

Energean announced that it has received a discount for its acquisition of the Edison E&P, paying only $178 million from an initial $750 million, according to a press release. The company will gain operations in Eg...