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HomeM & A

M & A

Mergers, Acquisitions, and Divestitures impacting the world energy market

Big Oil Companies

Exxon Agrees to Sell Argentina Shale Oil Assets to Pluspetrol

October 31, 2024 Clark Savage

Deal still needs the approval of Neuquen Province, person says Exxon is exiting Vaca Muerta shale patch to focus elsewhere Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale […]

Colonial Pipeline
Finance

Colonial Pipeline Weighs Sale at $10 Billion-Plus Value

October 29, 2024 Mariel Alumit

Company is working with advisers to gauge buyer interest Colonial Pipeline is backed by investors including KKR, CDPQ Colonial Pipeline Co., operator of the largest US fuel pipeline system, is weighing options including a sale […]

Climate Crisis

Electrifying Raises Consumer Costs

October 21, 2024 Andy Del Prado

Daily Standup Top Stories Electrifying Everything Means Higher Energy Costs For Consumers. These DOE Numbers Prove It (Again) October 20, 2024 Stu Turley ENB Pub Note: Robert Bryce has been on the ENB podcast and the […]

Crude Oil News

Exxon seeks buyers for portion of assets in North Dakota’s Bakken shale

October 20, 2024 Stu Turley

Exxon to auction operated and non-operated wells in Bakken shale Assets on sale spread across 49,000 net acres in North Dakota Assets sale could fetch over $500 million, says sources NEW YORK, Oct 15 (Reuters) […]

BP
Big Oil Companies

Exclusive: BP weighs sale of minority stake in offshore wind business, sources say

October 17, 2024 Mariel Alumit

LONDON, Oct 17 (Reuters) – BP (BP.L)  is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to […]

U.S. Shale Patch
Big Oil Companies

U.S. Shale Patch M&A Declines In Q3 To $12B

October 17, 2024 Mariel Alumit

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
Finance

Woodside wraps up Tellurian acquisition, renames Driftwood LNG

October 9, 2024 Mariel Alumit

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 […]

Chevron
Big Oil Companies

Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion

October 7, 2024 Mariel Alumit

(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 […]

Equinor
Finance

Equinor buys 9.8% stake in offshore wind developer Orsted

October 7, 2024 Mariel Alumit

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 […]

Chevron
Big Oil Companies

Chevron to sell assets worth $6.5 billion to Canadian Natural Resources

October 7, 2024 Mariel Alumit

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 […]

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