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Diversified Gas & Oil PLC, Birmingham, Ala., has conditionally agreed to acquire Alliance Petroleum Corp. and the conventional Appalachian assets of CNX Resources Corp. for a combined price of $180 million.

A group of state-owned Indian companies led by ONGC Videsh has bought a 10% interest in the Lower Zakum Concession offshore Abu Dhabi for $600 million. The deal, representing the first acquisition by Indian companies of a stake in the emirate’s hydrocarbon resources, emerged during a visit to Abu Dhabi by Indian Prime Minister Narendra Modi. 

A Suncor Energy Inc. subsidiary has acquired a 17.5% interest in Fenja oil field in the Norwegian Sea from Faero Petroleum PLC for $54.5 million. The field, discovered in 2014, is 30 km southwest of Njord field operated by Statoil. 

Suncor Energy Inc. has agreed to acquire Mocal Energy’s 5% interest in the Syncrude oil sands joint venture for $730 million.


WildHorse Resource Development Corp., with recent acquisition and divestiture agreements, has become a pure-play Eagle Ford producer with oil representing 70% of its production in 2018.


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