Galp and Moeve (formerly Cepsa) announced on January 8, 2026 that they have reached a non-binding agreement to merge their downstream businesses, combining their refining and fuel retail operations ...

Upstream merger and acquisition activity reached around $205 billion last year, but is expected to decline in 2025 as the US shale consolidation wave concludes. North America led M&A activity in 2024, ...

Shell's potential merger with BP would dilute Shell's stronger segments, especially LNG, and add BP's weaker financials and higher debt burden. SHEL's superior LNG business and stable upstream ...

The two companies, China Resources Gas (CR Gas) and China Resources Power (CR Power), said in a joint statement on Friday that the proposed merger would consolidate the “upstream energy resources, ...

Upstream merger and acquisition activity opened 2025 with its second-best start to a year since 2018, according to Enverus Intelligence Research’s quarterly M&A report. According to EIR, upstream M&A ...

M&A, Permian basin acquisitions, shale consolidation, oil company mergers, energy private equity, E&P deals 2026, portfolio rationalization, DUC acquisitions, energy sector consolidation ...

In a market update sent to Rigzone by the Rystad Energy team recently, Rystad noted that global upstream merger and acquisition (M&A) activity is expected to be lower in 2026 than in 2025. Rystad ...

Galp and Moeve announced on Jan. 8, 2026 that they plan to merge their downstream operations, creating a 710,000 b/d refining group and a retail network of about 3,500 service stations across Spain ...