Mergers, Acquisitions, and Divestitures impacting the world energy market
Summary Diamondback Energy announced the third quarter of 2022 results on November 7, 2022. The quarter’s revenues were $2,437 million, with a net income of $1,184 million or $6.72 per diluted share. Production for 3Q22 […]
Chart has signed a definitive agreement to acquire Howden, a leading global provider of mission critical air and gas handling products and services, from affiliates of KPS Capital Partners, LP. The purchase price is US$4.4 […]
(Reuters) North American oil and gas pipeline company TC Energy Corp said it was looking to sell C$5 billion ($3.7 billion) worth of assets to repay debt and fund new projects, and reported an 8% rise […]
Marathon Oil has entered into a purchase agreement to acquire the Eagle Ford assets of Ensign Natural Resources for total cash consideration of $3 billion. The transaction is subject to customary terms and conditions, including closing […]
HOUSTON, Nov. 2, 2022 /PRNewswire/ — Ensign Natural Resources LLC (“Ensign”), an exploration and production company operating in the Eagle Ford Shale in South Texas, today announced the sale of its assets to Marathon Oil (NYSE: MRO), for […]
ProFrac becomes the largest provider of electric frac services with 12 electric fleets WILLOW PARK, Texas, Nov. 1, 2022 /PRNewswire/ — ProFrac Holding Corp. (NASDAQ: PFHC) (“ProFrac” or the “Company”) announced today that it has closed on its […]
Oil and gas supermajor Shell has completed the sale of its 100 percent shareholding in its Philippines subsidiary to Malampaya Energy XP (MEXP), a subsidiary of Prime Infrastructure Capital. Shell said that this sale completion […]
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up for Dispatches, a newsletter that spotlights wrongdoing around the country, to receive stories in your inbox every week. The price of oil produced in California this […]
Offshore driller Borr Drilling has won new three-year deals for five jack-up drilling rigs in Mexico. Borr Drilling said on Thursday that it entered into new contracts for the company’s five premium jack-up rigs with […]
Exxon Mobil Corp XOM on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc PPARR for $310 million. The sale ends a years-long effort by the U.S. oil giant to further […]
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