Conoco among many considering shale patch M&A
Conoco is not alone in its pursuit of CrownRock, though.
M&A
Exxon to buy Pioneer for $60bn to dominate shale oil
The deal is apt to face tough antitrust scrutiny from the Federal Trade Commission.
Energy services M&A remains bullish as investors hunt ‘transition targets’
Despite considerable pressures on offshore wind and a hostility towards oil and gas, appetite for dealmaking in the services sector remains high.
Lessons in avoiding integration pitfalls after M&A
The separation from SNC-Lavalin is complete, and the team at Kent are reflecting on why and how the programme was delivered, not without pain, but ultimately successfully.
Less than half of oil and gas deals created value, says McKinsey report
A new McKinsey report finds that more than 50% of upstream oil and gas M&A deals don’t create shareholder value and firms eyeing takeovers and acquisitions should focus on synergies rather than cost-cutting.
Viaro strikes £105m deal for series of Hartshead UK North Sea fields
Viaro Energy has agreed to buy the majority stake in a series of North Sea fields from Hartshead Resources (ASX: HHR) in a "landmark" A$196.3m (£105m) deal.
North Sea deals ‘jeapordised’ over joint venture problems
The NSTA is proposing new rules to streamline industry deals and boost energy security.
Wentworth sale to Maurel squeaks past shareholders
Wentworth held its vote yesterday, with 75.26% of shares voted in favour of the scheme. The deal required 75% approval.
M&A expert brands UK ‘one of the most unstable’ economies for doing energy deals
There are claims Westminster’s fiscal interventions have made the UK “one of the most unstable economies” for energy investments.
‘Reset, and grow up’ – energy experts issue scathing message to government
Industry leaders have accused politicians of scaring off energy investment and growth by turning the sector into a “pariah”.
Capricorn, NewMed abandon merger dream
Palliser has suggested that Capricorn should return at least $535 million to shareholders.
APAC renewable energy deal value hits $19bn
Renewable energy M&A deal value in Asia Pacific increased by 11% year-on-year to $19 billion in 2022, primarily due to a surge in onshore wind and geothermal merger and acquisition activity.
M&A activity remains buoyant in H2 2022
AAB Corporate Finance is delighted to share with you our Deals Update for H2 2022 in conjunction with Energy Voice, highlighting selected energy merger and acquisition (M&A) and fundraising transactions across the UK.
Upstream M&A heats up in Southeast Asia as Longboat joins the hunt
Underscoring the rising interest in Southeast Asia’s upstream market, North Sea-focused E&P company Longboat Energy (AIM:LBE), confirmed it is “exploring opportunities to broaden its strategic remit” in the region.
Upstream oil and gas M&A opportunities in Indonesia for 2023
Despite the above-surface challenges, Indonesia's subsurface oil and gas potential remains attractive. More upstream M&A is on the cards as majors, independents and NOCs reshuffle their portfolios.
ESG “noose is tightening” on E&P funding, as UniCredit targets cuts
Bracewell’s managing partner in London Jason Fox said this was not new “but the noose is tightening quickly and ESG is the headwind. It’s not just the E that’s biting but also the G, for governance, with banks increasingly retreating from emerging markets because of additional risks, particularly concerns around corruption.”
Upstream M&A in Southeast Asia: will the oil and gas majors divest in 2023?
Will 2023 see the majors, including ExxonMobil, Chevron, Shell, BP, ConocoPhillips, TotalEnergies, and Eni, divest upstream oil and gas assets in Southeast Asia?
CRC Evans announces new welding and coating services firm
CRC Evans has announced that a merger between four organisations has brought about the creation of a welding and coating services firm.
Exclusive: CHC to sell Babcock North Sea helicopter business to South African firm
CHC has announced it will sell the former Babcock North Sea helicopter business to South African firm Ultimate Aviation Group.
Capricorn makes Palliser nominees an offer ahead of vote
Smith noted the opposition from shareholders to the Tullow merger. “The message from shareholders was that there was a preference for cash returns over long-term delivery. We listened to that and [the NewMed deal] offers a lot of cashback, while also being energy transition led.”
Capricorn preps for Palliser vote, “genuine risk” of board removal
Capricorn Energy has conceded that it expects to hold an EGM on February 1 but has warned shareholders against rejecting its proposed combination with NewMed Energy.
Zenith strikes deal for OMV’s Yemeni assets, share price jumps
Zenith said there were near-term growth opportunities. This would involve infill drilling and sidetracks for six new wells, boosting output to 15,000 bpd.
Welligence: recovering from the ‘Covid low’ and dealing with EPL
The UK North Sea saw little bounce back in activity following the 2020-21 ‘Covid low’, with only the M&A space staying buoyant.
Shell launches sale of stakes in a group of UK North Sea oilfields
Shell (LON: SHEL) has launched the sale of its stakes in a group of oilfields in the UK North Sea, according to marketing materials.
Prolific North Sea buyer Waldorf Production seeks $2bn for more deals
Waldorf Production, a prolific buyer of oil and gas exploration assets in the North Sea, is seeking to raise as much as $2 billion to help bankroll more deals, people with knowledge of the matter said.