Chevron, among other oil companies, decided to leave its operations in Myanmar after a military coup took over in 2021 on the grounds of human rights abuses.
From the bruising to the guileful to artful misdirection, Tudor, Pickering Holt & Co. talks how M&A could unfold for the rest of the quarter and the year ahead – via football-heavy analogies.
Following shareholder approval, Talos Energy’s acquisition of EnVen Energy is expected to close Feb. 13.
Also in this week's A&D Minute: Coal company Alliance Resource Partners is continuing its Permian Basin expansion, plus industry veteran Rick Muncrief shared his A&D success secrets at NAPE.
Golar LNG will acquire New Fortress’ ownership stake in Hilli, adding approximately three more years of cash flow generation from the floating liquefaction facility in Cameroon.
London-based BP Plc reported an underlying replacement cost profit of $27.7 billion in 2022 while reducing net debt to $21.4 billion and achieving an average return on average capital employed of 30.5%. In 2023, the company will remain focused on delivery of its financial frame underpinned by a $40/bbl balance point.
Purchase of Medallion Midstream’s Delaware Basin natural gas gathering and processing business adds to Cardinal’s portfolio.
International Petroleum Corp.’s acquisition of Cor4 Oil Corp. is based on an asset consideration of CA$84 million and are complementary to IPC’s existing assets in Canada.
The Indonesia Deepwater Development gas project, located in the Makassar Strait, involves the Bangka, Gendalo and Gehem gas fields.
At the 30th annual NAPE summit, attendees were generally confident that energy M&A will accelerate in 2023.