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(Reuters) – ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 billion takeover of Marathon Oil last year, people familiar with the matter said. The energy producer has hired investment bank Moelis & Co to run the sale process for the assets, the sources said, adding …
ConocoPhillips Eyes Sale of Oklahoma Assets Worth Over $1 Billion Read More »
(Reuters) – Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said on Monday. The New York-based asset manager has emerged as the winner of the auction process, which the five …
Brookfield Nears $9 Billion-Plus Deal for Colonial Pipeline, Sources Say Read More »
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 »
