Patrick
McGee
Hart Energy
Warren Buffett Adds Another $588MM in Occidental Stock
Warren Buffett’s Berkshire Hathaway purchased about 10.5 million shares of Occidental Petroleum stock this week as the company announced a deal to purchase a Midland Basin E&P for $12 billion.
TotalEnergies Expands Acreage Offshore Suriname
The new block comes out of Bid Round 2022-2023 for what Staatsolie refers to as the Demerara Acreage.
Consolidation Seen as Only Major Change on E&P Finance Radar for 2024
Industry experts expect E&Ps to stick with tried and true capital discipline with lighter hedging and more credit financing.
Venezuelan Lawmakers Back Extension for PDVSA, Chevron Tie-ups
Venezuela's national assembly approved a 15-year extension for a pair of joint ventures between state-owned oil company PDVSA and U.S. major Chevron.
Pantheon Resources Awarded North Slope Leases in Alaska
Pantheon Resources Plc has been awarded 66,240 acres in Alaska’s North Slope including substantially all remaining conventional reservoir potential in the Kodiak Field and potential in the eastern Ahpun Field, the company said on Dec. 14.
Shell Deal Gives it 100% Interest in Kaikias Field
Shell’s purchase of a 20% stake from MOEX increases Shell’s options in the GoM, Shell said.
Exolum To Buy 50% Share of Moda Midstream’s NGL Storage Terminal
The transaction is expected to close in the first quarter of 2024.
With CrownRock Deal, Occidental Wades Back into Deeper Debt
The $10 billion in debt Occidental Petroleum will take on for its CrownRock acquisition raises eyebrows, but experts say Occidental paid off similar debts in recent years and in the late 1990s.
Pembina to Buy Enbridge Pipeline, NGL Assets for $2.29 Billion
Pembina’s deal includes the acquisition of Enbridge’s interest in NGL fractionation facilities.
Venezuela's PDVSA, Chevron Request 15-year Extension for Two Joint Ventures
More investment is needed for PDVSA and Chevron to reach production levels seen before oil sanctions were first imposed in 2019.