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(Reuters) – An Exxon Mobil arbitration case that could block the sale of Hess Corp to Chevron could drag on until year-end, Hess said in a U.S. securities filing on Friday. The filing signals any closing of its $53 billion sale to Chevron could fall into next year, at least six months later than a prior goal of …
Hess Signals Exxon Arbitration Could Push a Sale into Next Year Read More »
There are still too many energy companies chasing too little capital. By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” Even after a record $200 billion dealmaking frenzy last year, US oil and …
$200 Billion of M&A Wasn’t Enough in U.S. Oil Patch Read More »
The five-part offering includes a $1 billion, 40-year tranche M&A-related financing is helping fuel record high-grade sales Diamondback Energy Inc. borrowed $5.5 billion in the US investment-grade market to partly help fund its $26 billion takeover of Endeavor Energy Resources LP, joining other blue-chip companies capitalizing on robust investor demand to bring acquisition-related debt deals. Diamondback sold the bonds …
Diamondback Sells $5.5 Billion of Bonds for Endeavor Deal Read More »
Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies Combined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimization ChampionX shareholders to receive 0.735 SLB shares for each share of ChampionX Annual pre-tax synergies to …
SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction Read More »
The $250-billion consolidation wave that swept through the US energy sector in 2023 has continued into 2024, with experts anticipating further transactions as energy firms aim to improve inventory longevity while minimising costs. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion …
U.S. Energy Sector Consolidation Trend Continues in 2024 Read More »
CALGARY, AB, April 1, 2024 /PRNewswire/ – Enbridge Inc. (“Enbridge” or “the Company”) (TSX: ENB) (NYSE: ENB) announced today the closing of the agreement to sell its 50.0% interest in Alliance Pipeline and its 42.7% interest in Aux Sable to Pembina Pipeline Corporation (“Pembina”) (TSX: PPL) (NYSE: PBA) for $3.1 billion, previously announced on December 13, 2023. This is an important milestone …
Enbridge Completes Sale of its Interests in Alliance Pipeline and Aux Sable Read More »
Kimmeridge Energy Management said on Monday it remained ready to engage with SilverBow Resources over its takeover bid, days after the U.S. oil and gas producer rejected the latest offer that valued it at $2.1 billion including debt. The activist investor, the top shareholder in SilverBow, in an open letter said the company did not …
Kimmeridge Ready to Negotiate Proposed Offer for SilverBow After Latest Rebuff Read More »
SilverBow Resources Inc. says an offer by activist investor Kimmeridge Energy Management Co. to combine the Texas oil and natural gas producer with its own unit is far too low. The Houston-based company said in a letter to shareholders Thursday that Kimmeridge’s unsolicited offer to combine its Texas gas assets with SilverBow in exchange for 32.4 million shares priced at …
Gas Producer SilverBow Says Kimmeridge Offer Is Far Too Low Read More »
Hess Corp on Thursday said in a securities filing that its board unanimously recommended shareholders vote in favor of the company’s sale to Chevron Corp, and that Exxon Mobil had initially supported the deal. The $53 billion deal’s closing has been delayed by a second request for information by the U.S. Federal Trade Commission and by contract arbitration …
Hess Board Recommends Shareholders Vote in Favor of Chevron Merger -Filing Read More »
U.S. energy pipeline and storage operators have spent two years watching the consolidation of oil and gas producers, and now they are gearing up for the merger wave to hit their sector, executives, investors, and analysts said. The midstream sector has a lot of specialized midsize firms and only a handful of very large operators …
U.S. Pipeline Firms Poised to Follow Biggest Customers into M&A Read More »
