upstream Archives - Page 3 of 5

Enverus: Permian returns to center of M&A activity as upstream activity “boomed” with $24 billion deals

July 26, 2023

World Oil CALGARY, Alberta — Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of Q2 203 upstream merger and acquisition (M&A) activity. In Q2, U.S. upstream M&A boomed with $24 billion transacted in 20 deals, with the Permian returning to its usual position as the center of M&A activity. One notable exception to this Permian-centric quarter

Japan to boost investment role in upstream LNG projects

April 15, 2022

Nasdaq TOKYO – Japan plans to step up its investment role in upstream projects for liquefied natural gas (LNG), to spur new development and boost fuel offtake by its companies, the industry minister said on Friday. Investment in new LNG development worldwide has dropped significantly as a global trend toward decarbonisation grows, although demand, especially in Asia, had risen, even

Drillinginfo Announces Name Change

August 22, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Drillinginfo changes corporate name to Enverus Drillinginfo, an energy SaaS and data analytics company, is officially changing its corporate name to Enverus, marking both the company’s 20th anniversary and its achievement of surpassing $300 million in annual recurring revenue. According to an Enverus press release, the new name is comprised of

Kayne Anderson Makes $100 Million Upstream Investment

August 20, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Kayne Anderson Energy Fund VIII invests $100 million in newly-formed Indianola Energy Kayne Anderson Capital Advisors LP, through its Kayne Anderson Energy Fund VIII LP, has made a $100 million equity commitment in order to form Indianola Energy LLC, an upstream entity that will purse the acquisition and development of highly-proven

Tailwater-Backed Elevate Midstream Enters into Eight Year Agreement with Sabine Oil and Gas

August 19, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Elevate Midstream Partners enters into eight year gathering and treating agreement with Sabine Oil and Gas Elevate Midstream Partners LLC, a private company based out of Houston, has entered into an eight-year gas gathering and treating agreement with Sabine Oil and Gas Corporation, an independent E&P operating exclusively in Texas. The

Halcón Resources Appoints New CFO as Restructuring Process Continues

August 15, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Halcón Resources selects Ragan T. Altizer as its new EVP, CFO, treasurer Halcón Resources Corporation (stock ticker: HKRS), currently undergoing Chapter 11 reorganization proceedings, has appointed Ragan T. Altizer as its new executive vice president, chief financial officer and treasurer, effective August 14. Altizer will replace Quentin Hicks, who resigned from

Shell Invests in New Deep-Water Gulf of Mexico Project, Sells Assets to Equinor and Noreco

August 1, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Shell Offshore Inc. makes final investment decision for PowerNap deep-water project in U.S. Gulf Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc (stock ticker: RDS-A, RDS-B), has reached a final investment decision (FID) for the PowerNap deep-water project in the US Gulf of Mexico, electing to move forward with

Singapore’s Sovereign Wealth Fund Joins KKR and BlackRock in Abu Dhabi Pipeline Investment

July 30, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Combined investment in Abu Dhabi National Oil Company’s pipeline project reaches almost $5 billion Source: Abu Dhabi National Oil Company Singapore’s sovereign wealth fund, GIC, has entered into an agreement with the Abu Dhabi National Oil Company (ADNOC) to contribute $600 million towards crude pipeline infrastructure, joining other prominent investors such

Japan’s Osaka Gas to Acquire Haynesville Shale-Focused American E&P

July 29, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Japanese company Osaka Gas to acquire Texas-based Sabine Oil & Gas Corporation Osaka Gas, a vertically integrated Japanese energy company, has entered into a definitive agreement with Houston-based Sabine Oil & Gas Holdings to acquire 100% of the outstanding shares of its subsidiary, Sabine Oil & Gas Corporation. Should the deal

E&P Forms $500 Million JV With PE Firm

July 23, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Colony Capital agrees to invest up to $500 million in California Resources Corporation California Resources Corporation (stock ticker: CRC) has formed a strategic joint venture with Colony HB2 Energy, the energy investment management arm of private equity firm Colony Capital (stock ticker: CLNY), in which Colony will fund the development of

Ohio Snags $74 Billion from Shale Investment Since 2011

April 23, 2019

Ohio home to $4.6 billion in shale industry investment in the first half of 2018 – new CSU study Total investment in Ohio’s resource rich shale energy sector has reached $74 billion since tracking began in 2011, according to a Cleveland State University study prepared for JobsOhio. The study from CSU’s Energy Policy Center at the Maxine Goodman Levin College

ExxonMobil to Restructure Upstream Business by April 1

January 31, 2019

ExxonMobil centralizing via four new companies The world’s largest publicly-traded integrated oil company, ExxonMobil, is retooling its upstream business to support its corporate plan to double operating cash flow and earnings by 2025. “We’re simplifying and integrating our upstream organization to better capitalize on the industry-leading portfolio we’ve assembled through acquisitions and exploration success in the U.S. Permian Basin, Guyana,

Premium Content