Mergers, Acquisitions, and Divestitures impacting the world energy market
South Korean conglomerate Hanwha has sealed a deal to take over Aker-controlled US shipbuilder Philly Shipyard. Oslo-listed yard said it is selling the business to defence specialist Hanwha Systems and shipbuilder Hanwha Ocean for $100m […]
Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has reached an agreement to purchase Pavilion Energy Pte. Ltd. from Carne Investments Pte. Ltd., an indirect subsidiary of Temasek. The acquisition includes Pavilion Energy’s […]
Hibiscus Petroleum Bhd. has agreed to buy TotalEnergies EP (Brunei) BV from TotalEnergies SE for $259.4 million. TotalEnergies EP (Brunei) holds a 37.5 percent stake as operator of Block B, which sits 85 kilometers (52.8 […]
Daily Standup Top Stories ADNOC Moves Ahead With Huge LNG Export Project in UAE June 12, 2024 Mariel Alumit Abu Dhabi’s national oil company ADNOC has taken the final investment decision to move forward with the […]
DALLAS–(BUSINESS WIRE)–Jun. 12, 2024– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“Ameredev”), including certain […]
(Bloomberg) – Noble Corp., the world’s biggest offshore oil-rig contractor by market value, agreed to buy its smaller competitor Diamond Offshore Drilling Inc. in a deal valued at $1.6 billion. Diamond stockholders will receive 0.2316 […]
US LNG firm Tellurian, the developer of the Driftwood LNG export plant in Louisiana, is in negotiations with multiple buyers to sell volumes from the facility after it signed a heads of agreement with Aethon, […]
TotalEnergies has signed an agreement with EIG, a global institutional investment fund in the energy sector, to acquire the West Burton B gas power station in Nottinghamshire, England. The acquisition is valued at £450 million […]
Daily Standup Top Stories U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC June 3, 2024 Mariel Alumit The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from […]
The key driver of the industry now is returning more to shareholders and preparing for inventory stacked up for years of production ahead. Last week, the U.S. oil industry saw its latest announcement of a […]
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