Mergers, Acquisitions, and Divestitures impacting the world energy market
Daily Standup Top Stories Iran Oil Exports Hit A 5-Year High June 18, 2023 Allen Santos Iranian crude exports exceeded 1.5 mb/d in May, the highest level since 2018 despite the country still being under U.S. sanctions. […]
June 15 (Reuters) – Earthstone Energy Inc (ESTE.N) said on Thursday it would buy Novo Oil & Gas Holdings for $1.5 billion in a bid to boost its presence in the Delaware Basin. Delaware Basin, a part […]
North Carolina-based energy holding company, Duke Energy has reached an agreement to sell its unregulated utility-scale commercial renewables business to Brookfield Renewable, owners and operators of renewable power and climate transition assets, at an enterprise value of approximately […]
Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders Combined $5.4 Billion Total Enterprise Value Drives Improved Free Cash Flow Generation and Strong Balance Sheet to […]
NEW TOWN, N.D. — A Native American tribe in North Dakota bought an idle pipeline from the energy company Enbridge to help deliver oil from wells on its reservation to the broader market. The Mandan, Hidatsa […]
Oil and gas giant Shell plans to sell its household energy supply businesses in the UK, Germany and the Netherlands, the company announced in a press release on Tuesday. After a five-month review of its […]
Daily Standup Top Stories Debt Ceiling Permitting Provisions Offer Good First Step to Meaningful Reform June 7, 2023 Mariel Alumit President Biden has signed the Fiscal Responsibility Act (FRA) into law which suspends the debt ceiling […]
Australia-based engineer-contractor Worley said May 30 it has completed the sale of its North American unit for refinery and petrochemical plant turnaround and maintenance services to Canada-based CAM Industrial Solutions—as it continues a push into […]
As macroeconomic headwinds mount, merger and acquisition trends are pressured downward. The Federal Reserve’s ongoing policy of interest rate hikes to combat the highest inflation seen in decades has created less-than-optimal conditions for dealmaking. Consequently, […]
(WO) – Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso (“Carso”), has agreed to acquire a 49.9% interest in Talos’ Mexican subsidiary (“Talos Mexico”), which holds […]
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