Mergers, Acquisitions, and Divestitures impacting the world energy market
Chinese state-owned steelmakers Bengang Steel and Angang Steel located in northeast China’s Liaoning province are preparing to move ahead with their long-awaited merger, which has been added to the provincial government’s five-year plan. The controlling […]
Big Oil is shedding assets like a dog sheds its winter coat. In a rush to prove their emerging environmentally conscious credentials, the supermajors are pledging billions in low-carbon energy investments and committing to net-zero […]
The Arab Gulf countries announced as much as US$10 billion worth of new projects in the oil and gas sector during the first quarter of 2021, out of the total US$32.3 billion projects in all […]
Iraq aims to finalize the sale of Exxon’s stake in the West Qurna-1 oil field by the end of June even after rival U.S. supermajor Chevron Corp. rejected overtures to buy the position. Basra Oil Co., the state-run […]
Austin, TX (April 13, 2021) — Enverus, the leading global energy data analytics and SaaS technology company, today announced an agreement for Hellman & Friedman (H&F), a premier global private equity firm, to acquire majority […]
CALGARY, AB – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce that it has entered into a definitive agreement (the “Agreement“) to acquire Anegada Oil Corp. (“Anegada“), a privately held pure play Charlie […]
The Norwegian subsidiary of energy firm Shell has sold its downstream liquefied natural gas (LNG) subsidiary Gasnor to Madrid-based Molgas Energy Holding for an undisclosed sum, it said on Thursday. The transaction transfers all of Norske Shell’s complete shareholding […]
Double Eagle III Midco 2 LLC (the “Company” or “Double Eagle”), wholly owned by DoublePoint Energy, LLC (“DoublePoint”), announced that it has entered into a definitive purchase agreement to sell all leasehold interests, subsidiaries and […]
Pioneer Natural Resources is buying its neighbor in the Midland Basin, making it the largest producer in the Permian Basin. Irving-based Pioneer is using a combination of its own stock, cash and debt to purchase […]
Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire the leasehold interests and related assets of DoublePoint Energy (DoublePoint) in a transaction valued […]
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