Mergers, Acquisitions, and Divestitures impacting the world energy market
The U.S. shale patch recorded $12 billion worth of mergers in the quarter ended Sept. 30, the lowest total in six quarters, Enverus Intelligence Research has revealed. Andrew Dittmar, principal analyst at Enervus, has noted that […]
Woodside said on Wednesday it has acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share. The implied enterprise value is about $1.2 billion. Woodside announced on July 22 that […]
(Bloomberg) — Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion. The deal relates to Chevron’s 20% interest in the Athabasca […]
OSLO/COPENHAGEN, Oct 7 (Reuters) – Norway’s Equinor (EQNR.OL), has bought a 9.8% stake valued at around $2.5 billion in Danish offshore wind farm developer Orsted (ORSTED.CO), it said on Monday, as it seeks to build up its […]
Oct 7 (Reuters) – Chevron (CVX.N), opens new tab is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources (CNQ.TO), for $6.5 billion, the oil giant said on Monday as it puts in […]
(Bloomberg) – U.S. regulators will allow Chevron to move forward with its $53 billion acquisition of Hess but are barring Chief Executive Officer John Hess from joining the supermajor’s board, saying he improperly communicated with […]
TotalEnergies said the acquisition of these low cost and long plateau assets further strengthens its integration across the gas value chain in the US. This is the company’s second acquisition of non-operated shale gas assets […]
Validus Energy, a privately held oil and gas producer in the US, has agreed to acquire Citizen Energy for more than $2bn, including debt, Reuters reported, citing people familiar with the matter. This move comes amid a […]
Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders and national oil companies. Saudi Aramco, ADNOC, Trafigura, and other major players are in the race to acquire Shell’s […]
Bluefield Solar has finalised the sale of a 50% share in its 112MW solar portfolio to GLIL, an alliance of UK pension funds, marking the completion of phase two of their partnership. The deal is […]
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