Positive Industry News and Events
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Kosmos Energy Announces Sale of Equatorial Guinea Production Assets to Panoro Energy for up to $219.5 Million
Optimizes portfolio, high grades capital allocation, lowers costs and enhances liquidity DALLAS–(BUSINESS WIRE)–Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) has entered into an agreement to sell its 40.375% non-operating working interest in the Ceiba Field and Okume Complex production assets offshore Equatorial Guinea to Panoro Energy (“Panoro”) for $180 million, plus future contingent payments […] More
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SM Energy Company today announced agreement to sell certain South Texas assets to Caturus Energy, LLC for $950 million
Proceeds to accelerate deleveraging and strengthen balance sheet DENVER, Feb. 18, 2026 /PRNewswire/ — SM Energy Company (NYSE: SM) today announced that it has entered into an agreement to sell certain South Texas assets to Caturus Energy, LLC for a cash purchase price of $950 million (the “Transaction”), subject to customary adjustments. “This timely asset […] More
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$3 Billion Sell: Ovintiv Announces Agreement to Sell its Anadarko Assets
DENVER, Feb. 17, 2026 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) announced today that it has entered into a definitive agreement to sell its Anadarko assets, located in Oklahoma, to an undisclosed buyer, for cash proceeds of $3.0 billion. The sale includes approximately 360 thousand net acres, which represents substantially […] More
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Chevron Plans $10.5 Billion U.S. Energy Investment in 2026
Capital spending targets Permian Basin output, technology efficiency and U.S. energy security Chevron plans to invest approximately $10.5 billion in U.S. energy activities and projects in 2026, reinforcing its strategy to scale domestic oil and gas production while supporting industrial growth, employment and energy security across key producing regions. The planned spending underscores Chevron’s continued […] More
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Expand Energy Announces Headquarters Relocation to Houston and Appointment of Michael Wichterich as Interim CEO
Headquarters relocation accelerates Company’s strategy to connect its leading scale to growing markets Company reaffirms synergy, capital and operating outlook for the fourth quarter and full year 2025 Expand Energy Announces Headquarters Relocation and Leadership Changes OKLAHOMA CITY, Feb. 09, 2026 (GLOBE NEWSWIRE) — Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy” or the “Company”) today […] More
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Transocean to Acquire Valaris in $5.8 Merger Deal
Creates the World’s Highest-Quality, Highest-Specification Offshore Drilling Fleet Companies to Host Conference Call Today at 8 a.m. CT / 9 a.m. ET STEINHAUSEN, Switzerland and HAMILTON, Bermuda, Feb. 09, 2026 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) and Valaris Limited (NYSE: VAL) today announced the signing of a definitive agreement to combine the two companies […] More
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Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator -Enterprise value now approximately $58 billion.
OKLAHOMA CITY and HOUSTON, Feb. 02, 2026 (GLOBE NEWSWIRE) — Devon Energy (“Devon”) (NYSE: DVN) and Coterra Energy (“Coterra”) (NYSE: CTRA) today announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in […] More
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Stockholders Resoundingly Approve SM Energy & Civitas Merger
DENVER, Jan. 27, 2026 /PRNewswire/ — SM Energy Company (NYSE: SM) (“SM Energy”) and Civitas Resources, Inc. (“Civitas”) (NYSE: CIVI) today announced that the stockholders of both companies voted in favor of all proposals necessary for the closing of the companies’ previously announced all-stock merger. The merger is expected to close on January 30, 2026, […] More
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Vallourec and XGS Energy Partner to Accelerate Multi-Gigawatt Next-Generation Geothermal Project Pipeline Across Western U.S.
FLORENCE, ITALY – January 28, 2026 – Vallourec, a world leader in premium tubular solutions for the energy industry, and XGS Energy (“XGS”), a developer of next-generation geothermal systems, today announced a strategic supply chain partnership as XGS executes on a three gigawatt pipeline of commercial geothermal projects across the western United States. Securing the […] More
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