Mergers and Acquisitions

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Larger Deals Power Global M&A in H1, Bankers Signal Appetite for Megadeals

Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil, US News / By

Mergers and acquisitions during the first half of this year were not what investment bankers had hoped for, but a burst of big deals in Asia and renewed optimism in U.S. markets could be paving the way for megadeals. Market uncertainties stemming from U.S. President Donald Trump’s trade war, high interest rates and broader geopolitical …

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Here’s Why BP Is Seen as a Potential Takeover Target

CDN and International News, Energy Topics & Technology, Latest, Mergers and Acquisitions / By

By Mitchell Ferman and James Herron It’s been almost 25 years since BP Plc attempted to rebrand itself as “Beyond Petroleum” and adopt a more environmentally friendly image. But with a recent swing away from green energy toward its fossil fuel roots, “Back to Petroleum” might be a more appropriate tag line. The shift comes …

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Devil’s in the Details: Why BP’s Debt May Deter a Buyer

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BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its market valuation would indicate. BP says it has net debt of $27 billion – already more than some rivals – but …

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Mitsubishi Corp in Talks for $8 Billion US Shale Acquisition, Source Says

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Shale, US News / By

June 16 (Reuters) – Mitsubishi Corp (8058.T) is in talks to acquire the U.S. shale production and pipeline assets of Aethon Energy Management for roughly $8 billion, a person familiar with the matter said on Monday. The deal, should it be struck, would give the Japanese conglomerate a substantial natural gas operation adjacent to the …

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Australia’s Santos Receives $18.7 Billion Takeover Bid from ADNOC-Led Consortium

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

Australian oil and gas producer Santos said on Monday it intended to support an $18.7 billion takeover bid from an international consortium led by Abu Dhabi’s National Oil Company (ADNOC). ADNOC, through its investment arm XRG, with Abu Dhabi Development Holding Company (ADQ) and private equity firm Carlyle has offered $5.76 (A$8.89) per Santos share, …

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Petronas Reportedly Exploring Sale of US$7 Billion Canadian Business

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

The company may also consider selling a minority stake in the business, depending on valuation Bloomberg News Petroliam Nasional Bhd. is considering options for its Canadian company formerly known as Progress Energy Resources Corp., including a sale, according to people familiar with the matter. Petronas, as the Malaysian state energy firm is known, is working with a …

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Shell-BP Merger’s Key Ingredient is Time

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

(Reuters Breakingviews) – Wael Sawan must feel like it’s Groundhog Day. In recent weeks Shell’s  chief executive has been fielding one question over and over again: whether he’s considering merging his $198 billion group with struggling UK rival BP. Drill down into whether a swoop for the $77 billion oil major makes any sense, and Sawan’s lack …

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Exxon, Hess to Face Off Over Chevron Deal for Oilfield Riches

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, US News / By

By Sheila Dang Arbitration tribunal under ICC to analyze dispute in confidential hearing in London Chevron acquisition of Hess hangs in the balance Resolution expected by end of third quarter, faster than typical ICC arbitration HOUSTON, May 23 (Reuters) – Top U.S. oil producer Exxon Mobil (XOM.N) and Hess (HES.N) will meet face-to-face on Monday …

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US Shale to Plateau if Oil Stays in Current Range, ConocoPhillips CEO Says

Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil, Shale, US News / By

U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s per barrel, the CEO of ConocoPhillips said on Tuesday in the latest prediction that oil’s slump could curb U.S. supply. The comments from Conoco CEO Ryan Lance come as forecasters including …

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Utility Vistra to Buy Natural Gas Assets for $1.9 Billion

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, US News / By

Utility Vistra said on Thursday it would acquire seven natural gas generation facilities, with a combined capacity of nearly 2,600 megawatt, from Lotus Infrastructure Partners for $1.9 billion, as it looks to meet growing power demand. The deal includes five combined cycle gas turbine facilities and two combustion turbine facilities located across PJM, New England, …

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