More Players, More Dry Powder—So Where are the Deals?
Bankers are back and ready to invest in the oil and gas space, but assets for sale remain few and far between, lenders say.
Golar LNG Signs $1.2B FLNG Gimi Debt Facility with Chinese Consortium
Golar has agreed to a $1.2 billion sale leaseback facility with a consortium of Chinese leasing companies for the refinancing of its existing FLNG Gimi debt facility.
US' EXIM Bank OKs $4.7B Loan for TotalEnergies Mozambique LNG Project
TotalEnergies’ Southern African LNG project had been delayed after unrest in Mozambique.
Chevron Buys 15.4MM Shares of Hess Stock on Open Market
Chevron Corp. reported that between January and March 2025 it purchased about 5% of Hess Corp. shares, according to a Securities and Exchange Commission filing.
Venture Global Shares Plummet as Plaquemines LNG Price Upped by $2B
Venture Global LNG missed market expectations in its first earnings report and shares fell further with the announcement of an $18 billion brownfield expansion at Plaquemines.
Chord Announces $750MM Notes Offering to Reduce Debt
Chord Energy said it will use part of the funds to reduce its credit facility borrowings. The company is also looking to sell its Marcellus non-operated gas interests.
Phillips 66’s Brouhaha with Activist Investor Elliott Gets Testy
Mark E. Lashier, Phillips 66 chairman and CEO, said Elliott Investment Management’s proposals have devolved into a “series of attacks” after the firm proposed seven candidates for the company’s board of directors.
Occidental Temporarily Reduces Warrants Price to Raise $1.6B
Occidental Petroleum’s offer to warrant-holders at a reduced exercise price of $21.30 would raise $1.6 billion, the company said.
Diversified Closes Summit Natural Resources Deal for $42MM
Diversified Energy Co. Plc closed its deal with Summit Natural Resources to buy operated natural gas assets and midstream infrastructure for approximately $42 million, the company said Feb. 27.
BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift
BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.