Diamondback Eyes M&A as Permian’s ‘Consolidator of Choice,’ CEO Says
Diamondback Energy CEO Kaes Van’t Hof said the E&P is focused on execution at the highest level while staying patient on acquisitions.
Coterra Inks 50 MMcf/d Permian Basin Gas-For-Power Deal
Coterra Energy’s seven-year deal with the CPV Basin Ranch Energy plant in Ward County, Texas, is to begin with the 1.35 GW plant’s estimated 2028 start.
Trinidad, Exxon Agree to Terms for Deepwater Blocks, Government Sources Say
The area to be awarded to Exxon Mobil is an amalgamation of seven blocks and has been renamed Ultra Deep 1 or UD (1). The area covers water depths of 2,000 to 3,000 meters, the people told Reuters.
Williams’ NESE Project Revived, Signs Commercial Agreements
Williams’ Northeast Supply Enhancement pipeline project could be completed by 2027 following a successful permitting process.
Halliburton Secures Contract for UK CCS Project
Halliburton has landed a contract to provide completion and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage system in England.
Crescent Energy Saw 75% of Eagle Ford M&A Deals Pulled in 2Q
Describing it as a market “dislocation,” Crescent Energy CEO David Rockecharlie said the deals “never transacted as a result of the volatility that we saw in the second quarter” in an Aug. 5 investor call.
High-Grade US Firms Finance New M&A With More Equity and Cash, Less Debt
Top-rated U.S. companies have financed their acquisitions mostly with equity and cash instead of debt this year, and could continue doing so even as M&A activity and hopes of interest rate cuts rise, bankers and investors said. High debt costs and worries of credit-rating downgrades for taking on debt made funding acquisitions with cash and …
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Determann Named JPM Head, Natural Resources Group, N. America
Greg Determann joined JPMorganChase in 2012 as part of a five-banker group that founded the bank’s middle market oil and gas finance team.
Chevron, Valero in Talks to Reactivate Supply Agreement on Venezuelan Oil to US, Sources Say
Chevron and Valero Energy are working to resume supplies of Venezuelan crude to Valero’s U.S. refineries under an agreement that was on pause, three sources close to the preparations said on Tuesday, following a new license granted to the U.S. oil major. Washington in late July issued a new restricted authorization for Chevron to operate, …
Slump to Surge: Transocean Predicts Offshore Rig Market Recovery
Transocean is forecasting a recovery in the offshore rig market as E&Ps direct capital offshore and exploration activity climbs, especially offshore parts of Africa, Asia, Brazil and the Mediterranean Sea.