Mergers & Acquisitions

Source: Reuters

Noble Energy shareholders likely to approve $4.2 billion Chevron deal

Reuters


HOUSTON  – Noble Energy Inc NBL.O shareholders on Friday are expected to approve its sale to Chevron for about $4.2 billion in stock, cementing the first big energy deal since the coronavirus crushed global fuel demand.

The purchase would …

Source: CNBC

Blackstone completes $7 billion Cheniere partnership stake sale

Offshore-Energy.biz

Blackstone Group said on Thursday it has completed the sale of its 42% stake in Cheniere’s limited partnership to Brookfield Infrastructure and its own affiliated company.

The $7 billion sale represents the culmination of Blackstone Energy Partners’ involvement with …

EQT Bids $750mm for Chevron Appalachia assets

EQT Bids $750mm for Chevron Appalachia assets

EQT Corp, the largest U.S. natural gas producer by volume, has placed a bid on Chevron Corp’s Appalachia gas properties and a pipeline stake, people familiar with the matter said

EQT offered $750 million (578.53 million pounds) for the properties, …

New York Hedge Fund buys stake in Noble Energy, eyes to nix Chevron acquisition

New York Hedge Fund buys stake in Noble Energy, eyes to nix Chevron acquisition

OAG360 Publishers Note: Bloomberg has reported on 9/9/2020 that Elliott Management Corp seeks to break up the CVX/NBL deal, citing the 5 billion dollar price tag was too low.  Elliot plans to sell NBL assets and wait until distressed …

Second U.S. shale boom’s legacy: Overpriced deals, unwanted assets – many are financial albatrosses

Second U.S. shale boom’s legacy: Overpriced deals, unwanted assets – many are financial albatrosses

BIC


Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that good times would continue and crude prices would rise. Many of those deals have …

Whitecap to buy NAL Resources for nearly $119MM

Whitecap to buy NAL Resources for nearly $119MM

BIC


Canadian oil producer Whitecap Resources Inc. said it would buy NAL Resources Ltd, owned by Manulife Financial Corp, for C$155 million ($118.59 million) as it looks to boost its core Alberta and Saskatchewan assets.

Whitecap said it would issue …

Blackstone sells 40% stake in Cheniere LNG to Brookfield

Blackstone sells 40% stake in Cheniere LNG to Brookfield

World Oil – Naureen S. Malik and Heather Perlberg on 8/26/2020


Blackstone Group Inc. will see a $5 billion gain from selling a stake in the largest liquefied natural gas export terminal in the U.S.

The firm’s private equity business …

Dominion Energy Acquires Central Virginia Solar Project

Dominion Energy Acquires Central Virginia Solar Project

RICHMOND, Va. , Aug. 17, 2020 /PRNewswire/ — Dominion Energy (NYSE: D) announced…

CenterPoint Energy announces Indiana Electric and Houston Electric to combine into one Electric organization

CenterPoint Energy announces Indiana Electric and Houston Electric to combine into one Electric organization

HOUSTON , Aug. 3, 2020 /PRNewswire/ — Consistent with CenterPoint Energy’s focus on…

Source: Houston Chronicle

NRG Energy Inc. to Hold Investor Call to Discuss Acquisition of Direct Energy

On Friday, July 24, 2020 at 9:00 a.m. Eastern Time, NRG Energy Inc. (NYSE: NRG) will hold an …

HSB Solomon Associates LLC Acquires the Assets of EnSys Energy

HSB Solomon Associates LLC Acquires the Assets of EnSys Energy

Adds Strategic Analysis and Forecasting Capabilities to its Advisory and Benchmarking…

Source: Reuters

Chevron’s $5 billion deal for Noble ends deal drought, sets price benchmark

Reuters


Chevron Corp’s surprise $5 billion all-stock deal for oil producer Noble Energy should spell the end of this year’s deal drought, setting a price benchmark that will trigger more buys, according to mergers and acquisition bankers, lawyers and analysts.…

Chevron Announces Agreement to Acquire Noble Energy

Chevron Announces Agreement to Acquire Noble Energy

Brings high quality assets to Chevron’s global portfolio Proved reserves to…

Exclusive 360 Energy Expert Network Video Interview: Enverus  – Andrew Dittmar – M&A, Chapter 11, and decisions made with data

Exclusive 360 Energy Expert Network Video Interview: Enverus – Andrew Dittmar – M&A, Chapter 11, and decisions made with data

Got Decisions? Get Enverus

 

In this crazy world we politely call 2020, there is a pattern change in M&A, Chapter 11s, Royalties, and how investors operate. Taking the commodity price out of the picture, the balance sheet will make

bp agrees to sell its petrochemicals business to INEOS

bp agrees to sell its petrochemicals business to INEOS

360 Feed Wire


bp today announced that it has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic step in reinventing bp, will …

OTC Markets Group Welcomes Diversified Gas & Oil PLC to OTCQX

OTC Markets Group Welcomes Diversified Gas & Oil PLC to OTCQX

NEW YORKJune 11, 2020 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Diversified Gas & Oil PLC (LSE: DGOC; OTCQX: DGAOF), an independent owner and operator …

SEACOR Marine Announces Agreement to Consolidate SEACOSCO Joint Venture

SEACOR Marine Announces Agreement to Consolidate SEACOSCO Joint Venture

HOUSTON, June 04, 2020 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, today announced …

Source: Reuters

Tallgrass shareholders approve Blackstone-led buyout of pipeline operator

Reuters


HOUSTON – Tallgrass Energy (TGE.N) shareholders on Thursday backed a buyout by a Blackstone-led (BX.N) group that valued the U.S. oil pipeline operator at $6.3 billion, a rare case of a pre-market crash deal going …

Crashing oil prices and equity market volatility grind energy deals to a halt at less than $1B in M&A, total Q1 upstream deal value falls to historic low

Crashing oil prices and equity market volatility grind energy deals to a halt at less than $1B in M&A, total Q1 upstream deal value falls to historic low

 

ENVERUS


Austin, Texas (April 2, 2020) – Enverus, the leading oil & gas SaaS and data analytics company, has released its Q1 summary of M&A activity, which revealed a substantial collapse as oil prices plunged to 18-year lows. Only …

Malampaya with depletion compression platform and bridge; Source: Shell

Chevron closes sale of gas project in Philippines

Off Shore Energy


Philippines-based Udenna Corporation has completed the acquisition of Chevron’s interest in Service Contract 38 in the Philippines, also known as the Malampaya natural gas project.

Udenna’s subsidiary, UC Malampaya Philippines Pte Ltd., in October 2019 signed a …

MOJO Data Solutions, Inc. to Acquire New Patented Technology

MOJO Data Solutions, Inc. to Acquire New Patented Technology

CEDAR HILL, TX / ACCESSWIRE / February 20, 2020 / MOJO Data Solutions, Inc. (OTCPINK:MJDS) has plans to affiliate with TWL Water Technologies, LLC (“TWL”), which has rights to multiple patented and patent pending technologies that focus on water treatment, …

ArcLight and Rattler Form 50/50 Midstream Joint Venture

ArcLight and Rattler Form 50/50 Midstream Joint Venture

ArcLight Capital Partners and Rattler Midstream, a subsidiary of Diamondback Energy, announced today that Amarillo Midstream, an ArcLight Fund V portfolio company, and an affiliate of Rattler have entered into a 50/50 joint venture to own, operate and expand a …

Fort McKay Group of Companies continues to expand with acquisition of Birch Mountain Enterprises

Fort McKay Group of Companies continues to expand with acquisition of Birch Mountain Enterprises

Fort McKay Group of Companies continues to expand with acquisition of Birch Mountain Enterprises

Enverus and RS Energy Group Combine Forces

Enverus and RS Energy Group Combine Forces

Enverus


Enverus and RS Energy Group Combine Forces - oilandgas360SaaS innovators strengthen their advanced analytics, intelligence and technology offerings to the energy industry

 

Austin, TX (February 12, 2020) – Enverus, a leading energy SaaS and data analytics company, announces today that it has acquired RS Energy Group …

Peak Utility Services Group Acquires Riley Brothers, Inc.

Peak Utility Services Group Acquires Riley Brothers, Inc.

Peak Utility Services Group Acquires Riley Brothers, Inc.

Parsley Energy, Inc. (NYSE: PE)

Parsley Energy Completes Acquisition Of Jagged Peak Energy

Parsley Energy Completes Acquisition Of Jagged Peak Energy

Jones Energy Announces Completion of Merger with Revolution Resources

Jones Energy Announces Completion of Merger with Revolution Resources

Jones Energy Announces Completion of Merger with Revolution Resources

January 7, 2020 - 4:20 pm Mergers & Acquisitions, Natural Gas News, Press Releases
London Markets: Premier Oil surges after snapping up assets of BP and Dana

London Markets: Premier Oil surges after snapping up assets of BP and Dana

London Markets: Premier Oil surges after snapping up assets of BP and Dana

Cona Resources Completes Acquisition of Pengrowth Energy Corporation

Cona Resources Completes Acquisition of Pengrowth Energy Corporation

Cona Resources Completes Acquisition of Pengrowth Energy Corporation

U.S. Oil & Gas M&A poised for recovery after challenging 2019

U.S. Oil & Gas M&A poised for recovery after challenging 2019

Enverus


Decade closes with more than half a trillion dollars spent on shale assets

AUSTIN Enverus, the leading oil & gas SaaS and data analytics company, has released its summary of 2019 deal activity and its outlook for 2020. Enverus