Mergers, Acquisitions, and Divestitures impacting the world energy market
Beitveit Holding Marine geoscience and offshore construction support player Next Geosolutions (NextGeo) is expanding its fleet with the acquisition of a multipurpose survey vessel (MPSV) from Norway’s Beitveit Holding. The Milan-listed company, part of Naples-based […]
HOUSTON, Dec. 03 /BusinessWire/ — Crescent Energy Company (NYSE:CRGY) (“Crescent” or the “Company”) today announced the signing of a definitive agreement to acquire Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million […]
STX Group Dutch environmental commodity trader STX Group has acquired compatriot trader of waste-based advanced feedstocks Marine Olie for an undisclosed sum. The Amsterdam-based firm said the move would bolster its position in the biofuels […]
ConocoPhillips COP recently completed the acquisition of Marathon Oil Corporation, which was initially announced in May, 2024. The acquisition will enhance its deep, durable and diverse portfolio aligned with its strict financial framework. It will bolster […]
ONEOK has struck a deal with EnLink Midstream to buy its remaining assets in the Permian for $4.3 billion in stock, boosting its presence in the star of the shale patch further amid growing expectations of a […]
Daily Standup Top Stories Drill, Baby, Drill’ Hits Wall of Capital Restraint – More like Drill Baby Drill when fiscally responsible! November 13, 2024 Clark Savage Trump will encounter a very different mindset of shale industry […]
The risk/reward balance here gets very interesting. Coterra Energy, the $20 billion publicly traded exploration & production (E&P) operator, announced two separate acquisition agreements in the Permian totaling $3.95 billion. The deal “consist[s] of $2.95 […]
Daily Standup Top Stories California’s New Fuel Rules Could Raise Gas Prices by $0.50 Per Gallon November 12, 2024 Mariel Alumit California’s Air Resources Board recently amended the Low Carbon Fuel Standard, increasing target reductions despite […]
Exxon Mobil Corp. will offload some of its conventional oil assets in the Permian Basin, selling to Hilcorp Energy for approximately $1 billion, according to industry insiders who spoke to Reuters on Tuesday. This move […]
QatarEnergy has signed an agreement to buy a 23% working interest in a concession agreement offshore Egypt from the block’s operator Chevron, the state firm of Qatar said on Monday. QatarEnergy will acquire 23% of the North […]
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