Mergers, Acquisitions, and Divestitures impacting the world energy market
Oil and gas giant Shell plans to sell its household energy supply businesses in the UK, Germany and the Netherlands, the company announced in a press release on Tuesday. After a five-month review of its […]
Daily Standup Top Stories Debt Ceiling Permitting Provisions Offer Good First Step to Meaningful Reform June 7, 2023 Mariel Alumit President Biden has signed the Fiscal Responsibility Act (FRA) into law which suspends the debt ceiling […]
Australia-based engineer-contractor Worley said May 30 it has completed the sale of its North American unit for refinery and petrochemical plant turnaround and maintenance services to Canada-based CAM Industrial Solutions—as it continues a push into […]
As macroeconomic headwinds mount, merger and acquisition trends are pressured downward. The Federal Reserve’s ongoing policy of interest rate hikes to combat the highest inflation seen in decades has created less-than-optimal conditions for dealmaking. Consequently, […]
(WO) – Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso (“Carso”), has agreed to acquire a 49.9% interest in Talos’ Mexican subsidiary (“Talos Mexico”), which holds […]
Chord Energy Corp. has entered a deal to acquire hydrocarbon development areas in the Williston Basin owned by ExxonMobil Corp. for $375 million. The definitive agreement with XTO Energy Inc. and affiliates, which are ExxonMobil […]
Daily Standup Top Stories 17 Iranian ‘Ghost Tankers’ Bring Oil Worth $1 Billion to Syria May 22, 2023 Mariel Alumit At least 17 shipments by eight different tankers have delivered more than 16 million barrels of […]
May 22 (Reuters) – Chevron Corp (CVX.N) said on Monday it is increasing its U.S. oil and gas footprint by acquiring shale producer PDC Energy Inc (PDCE.O) in a stock-and-debt transaction worth $7.6 billion. For Chevron, the second-largest U.S. […]
May 14 (Reuters) – ONEOK Inc (OKE.N) agreed on Sunday to buy U.S. pipeline operator Magellan Midstream Partners (MMP.N) in a cash-and-stock deal valued at about $18.8 billion including debt, bringing natural gas-focused ONEOK into transporting refined products and […]
Ministers have been urged to intervene if the Australian banking powerhouse Macquarie pushes the button on a mooted £3bn deal to take full control of a vital part of the UK’s gas grid. A consortium […]
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