The Latest

Spartan Delta Ups Bought Deal Financing to $59MM

Underwriters have agreed to purchase approximately 22.2 million of Spartan Delta Corp. common shares, for resale to the public, at CA$3.82 per share (US$2.66), the company said.

Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC

The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.

Gigablue Enters CCS Agreement with Investment Firm SkiesFifty

Carbon removal company and investment firm SkiesFifty have partnered to sequester 200,000 tons of CO2 over the next four years.

ADNOC Contracts Flowserve to Supply Tech for CCS, EOR Project

Abu Dhabi National Oil Co. has contracted Flowserve Corp. for the supply of dry gas seal systems for EOR and a carbon capture project at its Habshan facility in the Middle East.

Hess Midstream Signs Deal to Repurchase $100MM of Class B Units

Hess Midstream said the repurchase is expected to result in increased distributable cash flow per Class A share.

Minerals M&A to Heat Up in ‘25 with $4B Diamondback Sale–KeyBanc

KeyBanc analysts expect an “imminent” Diamondback Energy dropdown to Viper Energy and at least a couple of $500 million deals by public mineral and royalty companies in 2025, with Sitio Royalties a likely acquirer.

Plains All American Prices First M&A Bond of Year

U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.

Chevron Names Laura Lane as VP, Chief Corporate Affairs Officer

Laura Lane will succeed Al Williams in overseeing Chevron Corp.’s government affairs, communication and social investment activities.

Venture Global Targets $110B in Massive IPO

Venture Global is expected to pitch its IPO to investors by Jan. 17 to rival the largest energy IPOs on record.

Devon Energy Announces Changes to Executive Leadership Team

Among personnel moves, Devon Energy announced John Raines and Trey Lowe have been promoted to senior vice president roles.