Mergers and Acquisitions

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Williams Companies Ruled Out Bid for Tellurian, Executive Says

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pipelines, US News / By

HOUSTON, March 19 (Reuters) – Pipeline operator Williams Companies  looked at acquiring struggling liquefied natural gas (LNG) developer Tellurian, but considered its export project not that attractive, the company’s strategy chief said on Tuesday. Tellurian said this week it would consider offers for its proposed Driftwood LNG gas export terminal after unsuccessfully pursuing long-term sales and purchase agreements …

Williams Companies Ruled Out Bid for Tellurian, Executive Says Read More »

Enservco Announces Agreement to Acquire Accretive Energy Logistics Business to Diversify the Company

Energy Topics & Technology, Latest, Mergers and Acquisitions, Press Releases / By

Addition of Buckshot Trucking to Provide New Logistics Service Offerings Through Growing and Historically Profitable Business Acquisition to Generate Increased Operational and Financial Flexibility with Year-Round Business Not Dependent on Weather Buckshot’s Founders and Team to Remain in Place to Support Integration and Drive Further Growth in Overall Business LONGMONT, Colo., March 20, 2024 (GLOBE …

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Exxon Mobil CEO Says Not Trying to Acquire Hess

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

Exxon Mobil CEO Darren Woods on Monday said his company is trying to secure preemption rights over Hess Corp’s Guyana assets in its dispute with Chevron, not buy the company itself. In his first public remarks on the company’s pursuit of an arbitration case that could block Chevron’s $53 billion deal for Hess, Woods said Exxon …

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CERAWEEK 2024: Oil Mergers, Clean Fuels vie for Attention at Houston Energy Conference

Biofuels, Carbon Capture, Conferences, Conventional Energy, Energy Topics & Technology, Events, Exploration & Production, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil, Trade Shows, US News / By

HOUSTON, (Reuters) – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels. Global oil prices have remained in a range between $75 and $85 per barrel, a level fueling …

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EQT to Acquire Mountain Valley Pipeline Owner for $5.5 Billion

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pinned Primary, Pipelines, US News / By

Controversial project is due to be completed in second quarter Equitrans was spun out of EQT in 2018 after investor pressure US natural gas producer EQT Corp. agreed to buy back former unit Equitrans Midstream Corp. for about $5.5 billion in stock, the latest in a flurry of deals in the oil and gas pipeline industry. The transaction will …

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Anatomy of the Deal: A $35 Bln Gas Reunion Tracks a Topsy-Turvy Market

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, US News / By

(Reuters Breakingviews) – Gas producer EQT’s old management weathered an activist investor outcry, squeaked through an expensive deal, and spun off its pipeline division – only to be ejected by the executives they bought out. Now, new management is putting the pieces back together, on Monday striking a merger with that spinoff, Equitrans Midstream. It’s a sign …

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More U.S. Energy Deals Likely in 2024

Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil / By

The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. Dealmaking is on the rise as oil and gas producers are looking to improve longevity of inventories at low cost, and focus on cash that …

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EQT, Equitrans Midstream to Merge to Create $35 Billion Firm

Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Pinned Primary, US News / By

(Reuters) – EQT Corp  has decided to buy back its former unit Equitrans Midstream in an all-stock deal to create an integrated natural gas provider valued at more than $35 billion, the companies said on Monday. Shares of Equitrans jumped more than 8% in premarket trading, while EQT was down about 1%. Under the terms of …

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Chevron’s CEO Faces Challenges of a Lifetime With Hess Bid

Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Pinned Primary, US News / By

Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America’s biggest energy rivals. On Wednesday, Exxon filed an arbitration claim that could block Hess’ proposed merger with Chevron. …

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Hess Says Reviewing Timeline for Closing of Chevron Deal

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess’s Guyana assets. Exxon on Wednesday filed a contract arbitration claim related to Hess’ proposed sale of its Guyana oil properties and suggested it may counter Chevron’s pending …

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