Acquisitions and mergers
Mergers and acquisitions deal activity in the oil and gas industry declines
Activity decreased by 41% in terms of value in 1Q22 compared to 4Q21, says GlobalData.
Ritchie Bros. announces discontinuation of Euro Auctions acquisition
Ritchie Bros. Auctioneers has announced that its wholly owned indirect subsidiary is discontinuing the Phase 2 review by the UK Competition and Markets Authority.
STATS UK acquired by SRJ Technologies
Pipeline technology specialist STATS UK has been acquired by SRJ Technologies for £73 million.
Empire Petroleum announces closing of acquisition of oil and natural gas assets
Acquisition provides immediate accretive cash flow and increased scale with minimal incremental overhead.
US upstream M&A opens strong in 2022
Merger of equals contributes to US$14 billion in 1Q22 M&A before Russia-Ukraine war and associated oil and gas price volatility halts activity.
EN Engineering acquires TG Advisers, Inc.
EN announces the acquisition of TG Advisers, Inc., steam and gas turbine, generator, and utility plant consultants based in Delaware.
bp completes acquisition of BP Midstream Partners LP
bp and BPMP has announced that a bp US affiliate has completed the previously announced acquisition.
Pipeline Technique acquires Global Project Services
Pipeline Technique shares that it has acquired Global Project Services (GPS) from Global Energy Group (GEG).
OGE and TES combine to develop CO2 transport network
OGE plans to build a pipeline network to enable the transport and reuse of CO2 in a green circular closed-loop system to transport green hydrogen.
Whiptail Midstream acquires DJR Energy’s gathering systems in the San Juan Basin
Whiptail Midstream announced yesterday that the company has acquired the oil, gas, and water gathering assets of DJR Energy in the Gallup oil window of the San Juan Basin.