Mergers, Acquisitions, and Divestitures impacting the world energy market
In the latest U.S. oil and gas merger, Chord Energy and Enerplus have agreed to combine in an approximately $11 billion stock and cash transaction, which will create a premier Williston basin-focused exploration and production company. […]
The industry saw a significant rise in M&A activity across metals and mining companies in 2023 driven by the global energy transition, a theme Fitch Solutions expects to continue in 2024. Fitch expects to […]
Diamondback Energy Inc. and Endeavor Energy Resources LP on Monday confirmed reports they’re combining in a deal valued at about $26 billion including debt, that marks the latest big oil merger. Under the terms of […]
Feb 11 (Reuters) – U.S. shale oil rivals Diamondback Energy (FANG.O), opens new tab and Endeavor Energy Resources are close to finalizing a roughly $25 billion cash-and-stock deal that would create an oil and gas company valued […]
Feb 8 (Reuters) – U.S. oil and gas producer Devon Energy (DVN.N), has approached Enerplus (ERF.TO), a peer with a market value of C$4 billion ($3 billion), with an acquisition offer, people familiar with the matter said on Thursday. […]
(WO) – Tellurian Inc. has asked its financial advisor, Lazard, to explore opportunities for the sale of Tellurian’s Haynesville upstream business. Tellurian natural gas assets 2024 (Graphic: Business Wire) Tellurian produced 19.5 Bcf of natural […]
US investment and asset management firm, Nebula Energy, has purchased a majority stake in AG&P LNG, a unit of Singapore-based AG&P. According to a statement by AG&P, Nebula Energy is investing $300 million in AG&P […]
Maersk Supply Service Equinor and BP have agreed to separately pursue their joint offshore wind projects in the US through a swap transaction under which the Norwegian oil and gas giant will take full ownership […]
On October 23, 2023 ExxonMobil announced the acquisition of Pioneer Natural Resources in an all-stock transaction valued at approximately $64.5 billion. The acquisition would combine Pioneer’s more than 856,000 acres in the Midland Basin with ExxonMobil’s 570,000 […]
Gas station owner Sunoco LP will buy pipeline and liquids terminal operator NuStar Energy in an all-equity transaction valued at around $7.3 billion, including debt, the companies said on Monday in the latest merger deal in the […]
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