Mergers, Acquisitions, and Divestitures impacting the world energy market
(Bloomberg) – Influential proxy giant Institutional Shareholder Services Inc. recommended Hess Corp. investors abstain from voting on the proposed $53 billion acquisition by Chevron Corp. Shares of both oil companies fell. ISS cited concerns about […]
Eni is considering spinning off some stakes in oil and gas projects in Asia and Africa to have partners for their development while putting aside more money into lower-carbon energy projects, sources in the Italian […]
Four unnamed sources have told Reuters that Saudi state-run oil giant Aramco is in talks to potentially acquire Shell’s billion-dollar gas station business in Malaysia, where the Dutch supergiant owns a network of nearly 1,000 […]
Anglo American’s board unanimously rejected BHP’s unsolicited all-share takeover offer. Anglo American cited significant undervaluation and an unattractive structure as reasons for rejecting the proposal. Industry insiders believe BHP’s interest in Anglo American is primarily […]
The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer’s co-founder, must not take a seat on the supermajor’s board. […]
The Biden FTC’s approval of the Exxon-Pioneer deal comes amidst scrutiny from lawmakers concerned about energy price increases. Exxon pledges to lower production costs and achieve net-zero emissions from Pioneer operations by 2035. Approval of […]
Global upstream M&A deals could reach $150 billion in 2024, surpassing the first quarter’s $64 billion mark. North America, particularly the US shale sector, remains the driving force, with $80 billion of assets on the […]
(Bloomberg) – If you want to understand why the two largest U.S. oil companies are together spending in excess of $100 billion on acquisitions right now, look no further than the amount of crude they’re […]
Another merger, another Deal Spotlight! On today’s episode, we talk all things OFS and the merger of SLB + ChampionX that happened earlier this year. To break all this down, we needed to find an […]
(WO) – Eni S.p.A. has reached an agreement to combine substantially all of its upstream assets in the UK, excluding its East Irish Sea assets and CCUS activities with Ithaca Energy plc, (“Ithaca”), marking a […]
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