Mergers, Acquisitions, and Divestitures impacting the world energy market
Chord Energy Corp. has entered a deal to acquire hydrocarbon development areas in the Williston Basin owned by ExxonMobil Corp. for $375 million. The definitive agreement with XTO Energy Inc. and affiliates, which are ExxonMobil […]
Daily Standup Top Stories 17 Iranian ‘Ghost Tankers’ Bring Oil Worth $1 Billion to Syria May 22, 2023 Mariel Alumit At least 17 shipments by eight different tankers have delivered more than 16 million barrels of […]
May 22 (Reuters) – Chevron Corp (CVX.N) said on Monday it is increasing its U.S. oil and gas footprint by acquiring shale producer PDC Energy Inc (PDCE.O) in a stock-and-debt transaction worth $7.6 billion. For Chevron, the second-largest U.S. […]
May 14 (Reuters) – ONEOK Inc (OKE.N) agreed on Sunday to buy U.S. pipeline operator Magellan Midstream Partners (MMP.N) in a cash-and-stock deal valued at about $18.8 billion including debt, bringing natural gas-focused ONEOK into transporting refined products and […]
Ministers have been urged to intervene if the Australian banking powerhouse Macquarie pushes the button on a mooted £3bn deal to take full control of a vital part of the UK’s gas grid. A consortium […]
First Solar (FSLR) announced it will acquire Evolar AB for up to $80 million. FSLR stock rocketed above a resistance level, lifting other solar stocks as well. X Sweden’s Evolar develops thin film used in […]
NEW YORK, May 2 (Reuters) – U.S. midstream company Energy Transfer said on Tuesday it has completed its $1.45 billion acquisition of Lotus Midstream Operations and boosted its earnings expectations higher for the rest of […]
(Bloomberg) – Exxon Mobil Corp. has a high bar for potential acquisitions and will only pursue a large transaction if it finds unique ways of extracting value from a deal, said Chief Financial Officer Kathy […]
The oil giant has held preliminary talks with Pioneer Natural Resources Co. PXD 5.79% , a Texas fracker with a roughly $52 billion market capitalization, about a potential acquisition, The Wall Street Journal reported last week. Exxon, which has been […]
(Reuters) – Utilities firm Dominion Energy Inc will buy Longroad Energy’s 108 megawatt solar project in Virginia, the U.S.-based renewable energy developer said on Tuesday. The solar project, called Foxhound, has been in development for […]
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