Mergers, Acquisitions, and Divestitures impacting the world energy market
World Oil (Bloomberg) – Chevron Corp.’s acquisition of Hess Corp. does more than give it a stake in the world’s fastest-growing oil field off the coast of Guyana and shale assets in the Bakken basin of […]
Nasdaq Blockbuster takeovers by U.S. oil and gas majors Exxon and Chevron this month may spark further consolidation in the energy industry after a quieter third quarter for mergers and acquisitions in the sector, analytics […]
World Oil (WO) — Chevron Corporation has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per […]
Daily Standup Top Stories Invenergy’s 5-GW Grain Belt transmission project faces continued opposition at FERC October 23, 2023 Mariel Alumit Dive Brief: The Missouri Landowners Alliance on Friday urged the Federal Energy Regulatory Commission to require Invenergy to […]
HOUSTON, Oct 23 (Reuters) – Chevron (CVX.N) agreed to buy U.S. rival Hess (HES.N) for $53 billion in stock in a deal that reflects top U.S. energy companies drive for oil and gas assets in a world seeking lower-risk future fossil […]
French giant TotalEnergies has sold its remaining stake in Canada’s Fort Hills oil sands project to Suncor for $1.07 billion. TotalEnergies said on Wednesday that it inked an agreement to sell Suncor all shares in […]
World Oil (Bloomberg) – Devon Energy Corp., an Oklahoma City-based oil and gas company, is studying major acquisition targets as it seeks to gain scale in U.S. shale, according to people familiar with the matter. […]
Reuters: the takeover of Pioneer by ExxonMobil may tighten control on production growth further. Energy investors boosted the market cap of the 10 largest shale independents by a total of $16 billion. The era of […]
The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico. Exxon Mobil announced on Wednesday that it […]
In a statement sent to Rigzone late Friday, Enverus Intelligence Research (EIR) Director Andrew Dittmar told Rigzone that, “per late-breaking media reports, ExxonMobil (XOM) is closing in on a historic shale deal by acquiring Permian juggernaut […]
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