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MADRID, March 27 (Reuters) – Spanish oil company Repsol (REP.MC) and private equity-backed NEO Energy have agreed to merge their UK North Sea oil and gas businesses to create a joint venture with output of around 130,000 barrels of oil equivalent per day this year. The new company, called NEO NEXT, will be 45%-owned by …
Repsol, NEO Energy Agree to Merge North Sea Operations Read More »
Britain’s competition regulator said on Thursday that oilfield services company SLB’s proposed $8 billion deal to buy smaller rival ChampionX could result in a substantial lessening of competition within the UK. The deal would be referred for an in-depth probe unless SLB and ChampionX offer remedial measures, UK’s Competition and Markets Authority (CMA) said, adding …
UK Antitrust Watchdog Says SLB-ChampionX Deal Could Lessen Competition Read More »
Shell CEO Wael Sawan says the company will continue to look for potential acquisitions, but warns of the risks of pursuing a major deal. Summary by Bloomberg AI Sawan expects smaller-scale, bolt-on acquisitions centered around upstream production, and says the company is always looking at dealmaking prospects in Europe and beyond. Summary by Bloomberg AI …
Shell CEO Says Pursuing Major Deal Risks Being a Distraction Read More »
Despite Donald Trump’s push to expand domestic energy infrastructure, building new oil and natural gas pipelines remains difficult Brookfield Asset Management Ltd. is emerging as the front-runner to acquire Colonial Pipeline Co., people familiar with the matter said. The investment firm is seen as the strongest contender after final offers were submitted last week, advancing …
Brookfield Leading Race to Acquire US$10 Billion Colonial Pipeline Read More »
CALGARY, AB, March 10, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The combined company will be the largest Alberta Montney and Duvernay landholder, a prominent light oil producer in Saskatchewan and …
HOUSTON, Feb. 28, 2025 (GLOBE NEWSWIRE) — Superior Energy Services, Inc (“Superior”) announced the acquisition of Rival Downhole Tools (“Rival”), an industry-leading provider of premium downhole drilling tools. “This acquisition is part of Superior’s ongoing efforts to expand our position in the oilfield services sector by providing technologies that enhance our customers’ efficiencies and reduce …
Superior Energy Services Acquires Rival Downhole Tools Read More »
U.S. oilfield services firm SLB said on Tuesday it now expects its buyout of ChampionX to close by the end of the first quarter or early the second quarter of 2025. SLB is legally permitted to close the all-stock transaction – now worth $5.82 billion – in the U.S., but it has been held up …
SLB Delays ChampionX Deal Closure to Early Second Quarter Read More »
When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge fund say executives can expect a strong view on their shortcomings, backed by meticulous research and financial firepower. Now, storied oil giant BP is in Elliott’s sights. The investment firm, which manages $70 billion, has …
Hedge Fund Elliott Commands Attention in C-suites as Relentless Activist Read More »
(Reuters) – Buyout firm TPG’s climate investment arm will acquire Altus Power in an all-cash deal worth $2.2 billion, including the assumption of debt, the companies said in a statement on Thursday. The announcement, confirming a Reuters report from December that TPG Rise Climate was in talks to acquire Altus, sent shares in the company …
TPG to Buy Solar Firm Altus Power for $2.2 Billion Read More »
Large US producers have moved to purchase competitors Energy investors have ‘lost a ton of names’ in past 18 months After a burst of oil and gas M&A deals, demand for new investment targets and buoyant natural-gas prices are helping drive a rebound in IPO activity in the energy industry to start 2025. The largest …
Big Oil’s Wave of Buyouts Sets Up Next Leg of Energy IPO Rebound Read More »
