This is your Hart Energy Live A&D Minute, powered by the SUPERDug Conference and Exhibition May 22nd through the 24th in Fort Worth.
Spanish energy company Repsol sold a 25% stake in its global upstream business to EIG Global Energy Partners for $4.8 billion. Repsol Upstream’s assets total more than 600,000 boe/d of production in 15 countries, including the U.S. Repsol and EIG say they plan to list the company in the U.S. in 2026.
Expanding its footprint in the North Sea, Norway’s Equinor is acquiring Suncor Energy’s U.K. business for $850 million, which adds to Equinor's production and aids Suncor in reducing net debt and meeting shareholder return targets. Are there more international deals on the way?
Bayou Bend CCS is expanding the CO2 storage capacity for the Texas Gulf Coast project in a big way. The joint venture between Chevron, Talos Energy and Carbonvert purchased over 100,000 new onshore acres east of Houston. The expanded Bayou Bend project now has around 140,000 acres of pore space to permanently store 1 billion metric tons of CO2. Is the Gulf Coast the new hub for low-carbon projects?
That's your Hart Energy Live A&D Minute, powered by DUG Haynesville Conference March 28th and 29th in Shreveport. Watch new A&D Minute episodes every Wednesday and sign up for our A&D Watch newsletter at hartenergy.com/deals.
Recommended Reading
Record NGL Volumes Earn Targa $1.07B in Profits in 3Q
2024-11-06 - Targa Resources reported record NGL transportation and fractionation volumes in the Permian Basin, where associated natural gas production continues to rise.
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
2024-10-22 - SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
Woodside Reports Record Q3 Production, Narrows Guidance for 2024
2024-10-17 - Australia’s Woodside Energy reported record production of 577,000 boe/d in the third quarter of 2024, an 18% increase due to the start of the Sangomar project offshore Senegal. The Aussie company has narrowed its production guidance for 2024 as a result.
ConocoPhillips Hits Permian, Eagle Ford Records as Marathon Closing Nears
2024-11-01 - ConocoPhillips anticipates closing its $17.1 billion acquisition of Marathon Oil before year-end, adding assets in the Eagle Ford, the Bakken and the Permian Basin.
Empire Raises $10M in Equity Offering to Ease Doubts, Reports $3.6M Loss
2024-11-14 - Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.