Energy A&D Transactions from the Week of Aug.25, 2021
Here’s a snapshot of recent energy deals including the sale of Basic Energy Services’ California business to Berry in a bankruptcy auction plus Diversified Energy’s continued Haynesville expansion with a $154 million deal.
BHP Agrees to Sell Oil Business in $13 Billion All-stock Deal
The merger of BHP Group’s oil and gas arm with Woodside Petroleum is expected to create a global top 10 independent energy company worth about $28 billion.
BHP Confirms Potential Sale of Oil Business to Woodside Petroleum
The sale of BHP’s oil and gas assets to Australia’s Woodside Petroleum would create a new international “super independent,” says Wood Mackenzie research director Andrew Harwood.
BP Sees Potential for Green Hydrogen, Ammonia Plant in Australia
Australia—the world's second largest exporter of LNG—wants to develop green hydrogen in a global push to cut carbon emissions.
Woodside Shares Fall on Speculation It Is Eyeing BHP’s Oil and Gas Assets
BHP and Woodside Petroleum declined to comment on what both companies called “market speculation.”
Oil Search Rebuffs $6.5 Billion Takeover Bid from Santos
A takeover of Oil Search would give Santos a bigger stake in the Exxon Mobil-led LNG project in Papua New Guinea plus operatorship of the Pikka oil project in Alaska.
Chevron, Partners to Proceed with $4 Billion Project at Gorgon LNG
The decision comes as Australia’s LNG exporters tout their role in helping Asian customers switch from using coal in power generation, while the Australian government faces pressure to do more to curb carbon emissions.
Santos Launches Design Work for $2 Billion First Phase of Dorado Project
Australian gas producer Santos kicked off the FEED process for its Dorado oil project on June 29, and said the first phase of the project will cost about $2 billion.
Australian Shale Play Tamboran to Debut, Defying Green Energy Push
Shale gas explorer Tamboran Resources is set to debut on the Australian bourse on June 30 in the country's biggest oil and gas float in a decade, pitching itself as a growth story despite the world's push toward greener energy.
Woodside Sees Some Cost Pressures Facing $11 Billion Scarborough Gas Project
The development offshore Western Australia will feed an expansion of Woodside’s Pluto LNG plant.