Mergers and Acquisitions

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Diamondback Energy and Endeavor Receive Second FTC Request Over $26 Bln Deal

Energy Topics & Technology, Latest, Mergers and Acquisitions / By

Oil and gas firm Diamondback Energy said on Monday it had received a second request from the U.S. Federal Trade Commission (FTC) in connection with the $26 billion deal to buy privately-held Endeavor. The U.S. antitrust regulator has asked for additional information and documentary material as part of its review of the proposed merger. CONTEXT …

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Global Upstream Sector Set for deals Worth $150 billion Over Rest of 2024, Report Says

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

The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to shale plays in U.S. other than the Permian Basin, analysts at Rystad Energy said in a report. M&A activity in the global upstream industry has already crossed the $64 billion mark this year, most …

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Hess Sets May 28 Shareholder Vote on Chevron Buyout

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

Hess Corp set May 28 for a special meeting of shareholders to vote on Chevron Corp ‘s $53 billion buyout offer, the company said in a securities filing on Friday. Chevron last October offered to acquire Hess Corp in a move to gain a foothold in oil-rich Guyana’s lucrative offshore fields. The deal has been stalled …

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Exxon Expects FTC to Approve Pioneer Deal by Mid-Year, CFO Says

Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Tri-Pinned, US News / By

FTC recently sued to block Tapestry’s high-end handbag deal Lawmakers called for more scrutiny of oil deals in March Exxon Mobil Corp. expects US antitrust regulators to approve its $60 billion acquisition of Pioneer Natural Resources Co. by the end of June despite increased government scrutiny of corporate mergers. “We continue to expect the deal is going to …

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U.S. Oil and Gas M&A Hits Quarterly Record After Blockbuster 2023

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

U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year’s fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday. Energy companies have rushed to expand oil and gas drilling inventories, especially in the Permian Basin of West Texas and …

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TotalEnergies to Buy Sapura Energy Gas Assets for $530 Million

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TotalEnergies SE agreed to buy Sapura Energy Bhd.’s 50% stake in Malaysian natural gas producer SapuraOMV Upstream Sdn for $530 million, reaffirming its recent bet in the southeast Asian nation. The French energy giant’s announcement on Monday comes less than three months after it agreed to buy OMV AG’s 50% stake in SapuraOMV for $903 million, including the transfer of a …

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Abu Dhabi’s TAQA Confirms Naturgy Shareholder Talks as it Eyes Full Takeover

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(Reuters) – Abu Dhabi’s TAQA  is in discussions with the three largest shareholders of Spanish energy firm Naturgy, it said on Wednesday, with a view to a possible full takeover bid for the company. Criteria, the main shareholder in lender Caixabank owns a 26.7% stake in Naturgy, which has a current overall market value of 22 billion …

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Kimmeridge Withdraws Merger Proposal for SilverBow

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

 Kimmeridge Energy Management said on Tuesday it has withdrawn its proposal to combine its gas-producing assets in South Texas with SilverBow Resources. Kimmeridge, SilverBow’s largest shareholder, in its latest attempt to acquire the company over the last two years had sent its offer on March 13 to combine assets. Along with Riposte Capital, SilverBow’s second-largest …

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Halliburton, Baker Hughes May See Deal Pressure After SLB’s Buying Spree, Industry Experts Say

Energy Topics & Technology, Latest, Mergers and Acquisitions, OFS-Oilfield Services, US News / By

Investors of Halliburton and Baker Hughes are likely to pile up pressure on the top U.S. oilfield service companies to follow the steps of bigger rival SLB in beefing up their portfolios through deals, industry experts said. SLB made a nearly $8 billion bid for ChampionX earlier this month to add new technology offerings, its …

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Possible BP Bid Highlights ‘London for Sale’ Scenario

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

Possible BP bid highlights ‘London for sale’ scenario (Reuters) – The emergence of a possible bid for BP  by the United Arab Emirates’ state-owned oil group has thrown a spotlight on the vulnerability of the Britain’s largest companies to takeover and the threat to London as a global capital markets hub. New York’s larger investor base and …

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