Mergers, Acquisitions, and Divestitures impacting the world energy market
Phillips 66 has signed a deal to acquire EPIC Y-Grade GP LLC and EPIC Y-Grade LP for $2.2 billion, expanding its midstream footprint in the Permian Basin. The two, part of EPIC Consolidated Operations LLC, […]
Volkswagen Group will spend $69 million on a 9.9 percent stake in lithium miner Patriot Battery Metals Inc. to secure raw materials for electric vehicles. The investment marks the European carmaker’s first investment in the […]
Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch. The acquisitions comprise all third-party interests in the asset, including 5.45% common […]
TotalEnergies French energy giant TotalEnergies has bought a majority stake in two wind farms offshore Denmark. The French company acquired an 85% share in the 240MW Jammerland Bay and a 72.2% share in the 165MW […]
SBM Offshore ExxonMobil Guyana, the local arm of US supermajor ExxonMobil, has acquired the FPSO Liza Destiny from Dutch floater expert SBM Offshore. ExxonMobil bought the FPSO ahead of the maximum lease term which would […]
TotalEnergies has sold off a 50% share in a gas power plant in Nottinghamshire. EPUKI, the UK subsidiary of Czech based energy company EPH, has now acquired 50% of the shares in West Burton Energy, a […]
Tullow US oil and gas player Kosmos Energy has confirmed that it is in preliminary discussions to take over the UK-based independent exploration firm Tullow Oil. Both companies issued statements which confirmed the discussions after […]
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 […]
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