Mergers and Acquisitions

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Archrock to acquire Total Operations and Production Services, LLC

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

$983 million cash and stock transaction expected to be immediately accretive to Archrock’s earnings per share and cash available for dividend per share Complements and deepens existing compression operations in the Permian Basin with addition of 580,000 horsepower of young assets, including approximately 500,000 operating horsepower and a substantial and contracted backlog of new equipment …

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Colombia’s Ecopetrol in Talks to Buy $3.6 bln CrownRock Stake From Occidental

CDN and International News, Energy Topics & Technology, Latest, Mergers and Acquisitions / By

(Reuters) – Colombia’s Ecopetrol (ECO.CN), opens new tab is in talks with U.S. oil producer Occidental Petroleum (OXY.N), opens new tab to possibly buy a 30% stake in shale oil producer CrownRock, in a transaction potentially worth $3.6 billion, the North American company said on Friday. Ecopetrol, Colombia’s majority state-owned energy company, said it … …

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ConocoPhillips, Marathon Oil Get Second US FTC Request Over $22.5 Bln Deal

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

(Reuters) – Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil. ConocoPhillips said both companies received the requests on July 11 and are working with the FTC to review the merger. CONTEXT Conoco said …

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Honeywell to Buy Air Products’ LNG business for $1.81 Billion

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By Reuters (Reuters) – Industrial giant Honeywell  said on Wednesday it would buy Air Products’ liquefied natural-gas process technology and equipment business for $1.81 billion in cash. The deal would help Honeywell add LNG technologies such as heat exchangers and cryogenic equipment to its portfolio and marks the industrial conglomerate’s fourth acquisition this year. Since taking charge …

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Devon Energy Announces Strategic Acquisition in the Williston Basin and Expands Share-Repurchase Authorization by 67 Percent to $5 Billion

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OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) — Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction …

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Aramco and Adnoc Are Considering Bids for Gas Producer Santos

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions / By

Company has received multiple takeover offers in recent years It has operations in Australia, Papua New Guinea, Alaska Saudi Aramco and Abu Dhabi National Oil Co. have been separately studying potential bids for Santos Ltd., people with knowledge of the matter said, becoming the latest companies to show an interest in the Australian producer’s liquefied natural gas assets. The …

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Exxon-Hess Arbitration Panel Nears Formation, Sources Say

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The final member has been chosen for a three-person arbitration panel meant to settle Exxon Mobil’s claim against Chevron’s $53 billion purchase of Hess Corp, two people familiar with the matter told Reuters. The panel’s formation would be a milestone in a long-delayed process that has cast uncertainty over the mega-merger, which both Chevron and Hess …

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U.S. Court May Put Off Hearing on Citgo Bids to September

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

Summary Auction manager seeks more time to review, negotiate bids Motion does not say how many or amount of bids received Court auction aims to satisfy $21 billion in claims HOUSTON, June 28 (Reuters) – A U.S. court has been asked to postpone to Sept. 19 a hearing to present the winning bid in an …

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Gulf Oil Giant Adnoc With $150 Billion Turns Into Top Dealmaker

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Adnoc is attempting to clinch $12.5 billion Covestro takeover Gulf buyers have faced challenges on large international deals For years, Abu Dhabi’s main oil producer was known as a sleepy state company content to churn out crude from its vast oil fields. But that stodgy reputation is getting a dramatic makeover as it uses a …

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Repsol Explores Sale of Minority Stake in South Texas Oil Assets – Sources

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

(Reuters) – Spanish oil major Repsol plans to sell a minority interest in its Eagle Ford shale assets in South Texas, in a deal that could value the assets at up to $2 billion, three sources familiar with the talks told Reuters. The sources said Repsol has hired Scotiabank to assist with the process, and aims to …

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