Darren
Barbee
Oil and Gas Investor
Chevron Agrees to Sell Myanmar Assets, Will Exit Country
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.
Tudor, Pickering, Holt’s 2023 M&A Playbook
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.
Talos Energy Announces Shareholder Approval of EnVen Acquisition
Following shareholder approval, Talos Energy’s acquisition of EnVen Energy is expected to close Feb. 13.
A&D Minute: Are MLPs Making a Comeback? [WATCH]
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 to Acquire New Fortress’ Interest in FLNG Hilli
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.
BP Delivers Profits of $27.7 Billion in 2022
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.
Cardinal Midstream Closes Purchase of Delaware Basin Natural Gas Assets
Purchase of Medallion Midstream’s Delaware Basin natural gas gathering and processing business adds to Cardinal’s portfolio.
IPC Announces Acquisition of Canada’s Cor4 Oil Corp.
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.
Possible Eni Will Take Chevron IDD Stake in Mid-2023
The Indonesia Deepwater Development gas project, located in the Makassar Strait, involves the Bangka, Gendalo and Gehem gas fields.
The Pulse: Will M&A Pick Up This Year? [WATCH]
At the 30th annual NAPE summit, attendees were generally confident that energy M&A will accelerate in 2023.