Mergers, Acquisitions, and Divestitures impacting the world energy market
US oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey. More than 50 percent of oil executives told the Dallas Fed they foresee […]
Daily Standup Top Stories Shell to build carbon capture and storage projects in Canada June 26, 2024 Mariel Alumit Shell Canada Products, a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Polaris, a carbon […]
Saudi Arabia’s oil giant Aramco has signed a non-binding agreement to buy LNG from Sempra’s Port Arthur LNG project and potentially acquire 25% in the project’s Phase 2, the U.S. and Saudi firms said on Wednesday. Under […]
Japan’s Mitsui & Co., Ltd. has completed the acquisition of an unconventional gas asset in Texas from Sabana, LLC and Vanna, LLC through its U.S.-based subsidiary Mitsui E&P USA LLC (MEPUSA). The asset, named Tatonka […]
US-based private equity company Quantum Capital Group has reached an agreement to purchase Caerus Oil and Gas, valuing the Rocky Mountain energy company at $1.8bn, reported Bloomberg, citing sources. The deal involves Quantum Capital buying Caerus […]
US private equity firm Kimmeridge is taking a 90 percent stake in Commonwealth LNG, the developer of the 9.5 mtpa plant in Cameron, Louisiana founded by Paul Varello, who is retiring. In August last year, […]
(Bloomberg) — A top performing hedge fund is betting the pullback in uranium producer NexGen Energy Ltd. will be short lived, as the industry’s growing appeal leaves the startup well placed for a potential takeover. […]
Covestro AG said it’s entering concrete negotiations with suitor Abu Dhabi National Oil Co. on a potential takeover that could value the German chemical company at about €11.7 billion ($12.5 billion). The Middle Eastern energy […]
(WO) – The African Energy Chamber (AEC) announced that Chevron and Equatorial Guinea’s state-owned oil company GEPetrol have signed two production sharing contracts (PSC) for offshore blocks EG-06 and EG-11 in Equatorial Guinea- representing a […]
In recent years, California has passed new laws to tackle the enormously expensive remediation of old oil wells, which pose hazards for human health and the climate. But as two of the state’s largest oil well […]
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