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CEO Meg O’Neill focused on LNG in Australia, North America She is not averse to Middle East deals, including with Aramco Woodside Energy Group Ltd. remains open to acquisitions following a failed attempt to merge with Santos Ltd., as it looks to grow the liquefied natural gas business. “We will keep the door open to a …
Woodside Seeks Deals After Santos Failure in Push for LNG Read More »
Bloomberg Drilling for deals The oil and gas sector has been one of the few in which you haven’t had to drill too deep for good M&A news during the global deals slump. Whether you’re looking over three, six or 12-month periods, year-on-year increases in the values of transactions involving oil and gas companies look …
Oil & Gas Deals Are Powering the Global M&A Engine Read More »
(Reuters) – Carbon capture is not a solution for the energy transition and political leaders need to provide real, non-greenwashed, commitments to encourage investment, Andrew Forrest, executive chairman of Fortescue Metals, said on Tuesday. Speaking at the 50th anniversary meeting of the International Energy Agency, Australian billionaire Forrest said the investment community needs a level-playing …
Carbon Capture Tech a ‘Complete Falsehood’, Says Fortescue Metals Chairman Read More »
(Reuters) – For years, Endeavor Energy founder Autry Stephens’ refusal to entertain acquisition offers for one of the most lucrative producers in the U.S. oil patch vexed some of his peers. “It’s not for sale, it hasn’t been for sale, it’s probably not going to ever sell,” Pioneer Natural Resources’ former CEO Scott Sheffield, a contemporary …
Why Endeavor Energy’s Founder Sold his Company after Years of Rebuffing Offers Read More »
Tesla is by far the worst performer in the Magnificent Seven index this year Bloomberg News If you’re building a list of the most important stocks in the market, Tesla Inc. has to be on it. Or does it? That’s part of a growing debate on Wall Street, where shares of Elon Musk’s electric-vehicle maker are tanking as the …
Tesla Collapse has Investors Wondering if it’s Still Magnificent Read More »
Portfolio investors abandoned hope for an early rally in crude prices after a site-wide electricity failure caused an unexpected shutdown in production at BP’s refinery at Whiting in Indiana on Feb. 1. The refinery is the largest in the U.S. Midwest and processes more than 400,000 barrels per day, so the extended closure for safety …
Investors Dump Oil After U.S. Refinery Shutdown: John Kemp Read More »
(Reuters) – Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt. The combined company would be the third largest oil and gas producer in the region behind Exxon and …
Diamondback to Buy Endeavor Energy in $26 Billion Mega Shale Deal Read More »
The U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE) released a notice of intent on Friday to help fund projects aimed at reducing methane emissions from the oil and gas sectors. The notice was issued to give applicants enough time to prepare their proposals and form partnerships if needed in anticipation of …
U.S. Government Announces Intent to Fund Methane Reduction Projects Read More »
U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by 4 to 623 in the week to Feb. 9, its …
U.S. Drillers Add Oil and Gas Rigs for Third Time in Four Weeks – Baker Hughes Read More »
The surge in energy industry mergers and acquisitions — marked by a series of megadeals among oil producers last year — is set to ramp up further in 2024 as interest rates decline, Enbridge Inc. Chief Executive Officer Greg Ebel said. “As interest rates start to peak and perhaps come down — who knows exactly when that’s going to …
Energy M&A Boom Is Just Getting Started, Enbridge CEO Ebel Says Read More »
