Mergers, Acquisitions, and Divestitures impacting the world energy market
Altus Midstream Co said on Thursday it would merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin owned by investment firms, with the combined entity to be valued at $9 […]
U.S. antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden’s administration scrutinizes deals in a bid to tackle […]
Occidental Petroleum Corp. has agreed to sell its interests in two Ghanaian oilfields for $750mn, drawing a line under a two-year divestment… Occidental Petroleum Corp. has agreed to sell its interests in two Ghanaian oilfields […]
Enbridge Inc., the Canadian pipeline giant, agreed to acquire a smaller U.S. rival to add export capacity on the Gulf Coast. The company is buying Moda Midstream Operating LLC for $3 billion in cash from […]
The Permian Basin looks strong until at least 2025 despite challenges from Biden’s alternative energy push, with oil output climbing steadily after its dip during the 2020 pandemic, as companies rush to consolidate their assets […]
Australian fuel retailer and distributor Ampol Ltd. made a $1.4 billion takeover offer for New Zealand counterpart Z Energy Ltd. The non-binding indicative proposal is pitched at NZ$3.78 a share, Wellington-based Z Energy said Monday, valuing the company […]
Offshore drilling rig contractors Transocean Ltd and Dolphin Drilling have made a new offer to buy the assets of stricken rival Seadrill Ltd, Dolphin’s chief executive said on Friday. Oslo-listed Seadrill, founded by Norwegian-born tycoon […]
Colorado’s biggest oil and gas producer appears on track to complete its dominance of the Denver-Julesburg (DJ) Basin before year’s end, the CEO of Bonanza Creek Energy Inc., soon to be Civitas Resources Inc., said earlier this […]
‘The market hasn’t exactly cheered BHP Group’s proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal. A point of […]
BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth $38.5 billion ($28 billion) with growth assets in Australia […]
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