Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Energy M&A Aug 25, 2026
bp awards Halliburton drilling services contract for Bumerangue appraisal
bp has awarded Halliburton an integrated drilling services contract for the first appraisal campaign at its Bumerangue deepwater discovery offshore Brazil, including reservoir evaluation, automation and remote operations.
Strike Averted as Norway Helicopter Workers Agree New Pay Terms
Dozens of workers manning airlift for the Norwegian oil and gas industry agreed new compensation and benefits terms with the Federation of Norwegian Aviation Industries.
Navitas Petroleum to Acquire 2nd Production Vessel for Sea Lion Project
The Israeli company signed an agreement to acquire a vessel that will be retrofitted to serve as a second floating production, storage and offloading platform for the under-construction Sea Lion oil development in the Falkland Islands.
Equinor, Aker BP, Var Energi to Jointly Pursue Bigger NCS Opportunities
The Norwegian trio announced a collaboration to explore the largest remaining reserves in the country's waters to sustain production as existing developments become depleted.
Asian refiners are on course to nearly double their purchases of U.S. crude for September from a month earlier, a move that stands to squeeze domestic fuel makers at a time when Americans are already facing record high pump prices.
Equinor has selected Emerson to provide measurement instrumentation and services across its global onshore and offshore operations under a frame agreement spanning up to 13 years, including options.
Santos, Gladstone LNG Partners to Acquire Source Fields
The acquisition of the Greater Meridian CSG project 'converts a long-standing contracted supply relationship into GLNG equity production, consistent with Santos' strategy to backfill and sustain GLNG with owned production', Santos said.
Comet Ridge acquires Santos stake, takes 100% control of Mahalo Gas Hub
Comet Ridge has completed its acquisition of Santos’ 42.86% interest in the Mahalo Gas Project, giving it 100% ownership and operatorship of the broader 1,850-sq-km Mahalo Gas Hub as it advances toward FID.
CB&I Asset Solutions has secured a three-year contract to operate and maintain an FPSO offshore Côte d’Ivoire, an award the company classifies at between $50 million and $100 million.
ADNOC awards McDermott $1 billion-plus EPCI contract for Umm Shaif field
ADNOC has awarded McDermott a contract valued at more than $1 billion for Package 4 of the Umm Shaif development, covering a new offshore pressure boosting facility designed to increase gas recovery and production.
SLB launches ExaCT platform for electrically controlled well interventions
SLB has launched its ExaCT electrical control system for coiled tubing interventions, with field testing showing a roughly 175-hour reduction in intervention time during one six-lateral well operation.