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Woodside in merger talks for BHP’s global petroleum portfolio

Woodside Petroleum Ltd., Perth, has confirmed it is in discussions with BHP Group Ltd. regarding a potential merger involving BHP’s entire petroleum business through a distribution of Woodside shares to BHP shareholders.

SilverBow expands Eagle Ford portfolio in all-stock deal

SilverBow Resources Inc. agreed to acquire assets in the Eagle Ford shale in South Texas, expanding the company’s gas portfolio in the Western Eagle Ford and adding oil acreage in three new counties.

Prospex gains additional interest in Italy’s Po Valley

Prospex Energy PLC subsidiary PXOG Marshall Ltd. signed a conditional agreement with UOG Holdings PLC subsidiary United Oil & Gas PLC to acquire 100% of the share capital of UOG Italia Srl for €2.165 million in cash.

Cairn Energy farms in to five Southern North Sea licenses

Nautical Petroleum Ltd., a subsidiary of Cairn Energy, has agreed to acquire interests in and operatorship of five gas licenses in the Southern North Sea from Deltic Energy PLC.

Surge Energy acquires Howard County assets from Apache

Moss Creek Resources Holdings Inc., Houston, a wholly owned subsidiary of Surge Energy US Holdings Co., has acquired leasehold interest and wells from Apache Corp. in Howard County, Tex. for an aggregate purchase price of $37.5 million.

210811 Chk Vine Map

Chesapeake solidifies gas focus with $2.2 billion Vine acquisition

Chesapeake Energy Corp. has agreed to acquire Vine Energy Inc., an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in northwest Louisiana.

Pertamina takes over Rokan Block operations from Chevron

PT Pertamina, through subsidiary PT Pertamina Hulu Rokan, expects to maintain the current production program and initiate new drilling in Indonesia’s Rokan Block now that it has officially replaced Chevron Corp. as operator.

Kosmos generates 2Q net loss of $57 million

Kosmos Energy Ltd., Dallas, generated a net loss of $57 million for second-quarter 2021, compared to a net loss of $199 million for second-quarter 2020.

APA Q2 production benefits from Permian DUC program

APA Corp. had net income attributable to common stock of $316 million for second-quarter 2021, compared to $388 million in first-quarter 2021.

Marathon posts Q2 net income of $16 million, plans accelerated debt reduction

Marathon Oil Corp. has second-quarter 2021 net income of $16 million, compared to a net loss of $750 million during the year ago quarter. Adjusted net income was $173 million, compared to an adjusted net loss of $477 million in second-quarter 2020.

TotalEnergies, Equinor exit Petrocedeño project onshore Venezuela

PdVSA has become sole owner of Petrocedeño SA after TotalEnergies and Equinor elected to transfer participation interest in the project that aims to upgrade extra-heavy crude oil into lighter crude from the Orinoco Belt area onshore Venezuela.

Oxy posts second quarter net loss of $97 million

Occidental recorded a net loss attributable to common stockholders for second-quarter 2021 of $97 million, and adjusted income attributable to common stockholders of $311 million.

Callon to acquire Primexx to build Delaware basin position

Callon Petroleum Co., Houston, has agreed to acquire the leasehold interests and related oil, gas, and infrastructure assets of Primexx Energy Partners and its affiliates.