Mergers, Acquisitions, and Divestitures impacting the world energy market
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 […]
MidOcean Energy, the LNG unit of US-based energy investor EIG, has completed its previously announced purchase of a 20 percent stake in LNG terminal operator Peru LNG from a unit of South Korean conglomerate SK. […]
SilverBow has refused to enter into good faith negotiations or undertake substantive due diligence to assess the best path forward for unlocking value on behalf of all shareholders – necessitating the need for fresh perspectives […]
A unit of Belgian LNG terminal operator Fluxys has purchased from Germany’s Gascade a 25 percent stake in the offshore pipeline that connects the Deutsche ReGas-operated Mukran LNG terminal with the German gas transmission network […]
PITTSBURGH , April 15, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT”) announced it has entered into an agreement with Equinor USA Onshore Properties Inc. and their affiliates to sell an undivided 40% interest in its non-operated natural gas assets in Northeast Pennsylvania, […]
(WO) – On Thursday, April 11, Reuters reported that Abu Dhabi National Oil Company (ADNOC), the UAE’s state-owned oil and gas company, previously pursued acquiring Britan’s energy giant, bp. According to “people familiar with the […]
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