Mergers and Acquisitions

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Stone Ridge Buys Oklahoma Assets From ConocoPhillips

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

Acquisition Brings Stone Ridge Energy’s Portfolio to Over 11 GW of Power NEW YORK–(BUSINESS WIRE)–Stone Ridge Holdings Group (“Stone Ridge”), a financial services firm focused on alternative asset management, reinsurance, and bitcoin, today announced that its energy platform, Stone Ridge Energy (“SRE”), entered into a definitive agreement to acquire a major portfolio of Oklahoma energy …

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ConocoPhillips to Sell Anadarko Assets for $1.3 Bln; Profit Beats Estimates

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

(Reuters) – ConocoPhillips  will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating Wall Street estimates for second-quarter profit. Shares of the company rose nearly 2% in premarket trade. The asset sale, expected to close at the beginning of the fourth quarter, pushes ConocoPhillips past its $2 billion non-core …

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High-Grade US Firms Finance New M&A With More Equity and Cash, Less Debt

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

Top-rated U.S. companies have financed their acquisitions mostly with equity and cash instead of debt this year, and could continue doing so even as M&A activity and hopes of interest rate cuts rise, bankers and investors said. High debt costs and worries of credit-rating downgrades for taking on debt made funding acquisitions with cash and …

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Sempra Infrastructure and JERA Announce Sale and Purchase Agreement for U.S. LNG from Port Arthur LNG Phase 2

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

HOUSTON, July 31, 2025 /PRNewswire/ — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), and JERA Co., Inc. (JERA) today announced a 20-year sale and purchase agreement for the supply of 1.5 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) offtake from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas. The LNG will …

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Baker Hughes Bets on LNG, Data Center Demand With $13.6 Billion Chart Industries Deal

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

By Tanay Dhumal Baker outbids Flowserve to buy Chart Baker offers $210/shr, about 22% premium Expects $325 million in annual cost synergies in third year July 29 (Reuters) – Oilfield services firm Baker Hughes (BKR.O) said on Tuesday it would buy Chart Industries (GTLS.N) in a $13.6 billion all-cash deal, including debt, outbidding rival Flowserve …

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Utility Duke Energy to Sell Tennessee Natural Gas Business for $2.48 Billion

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

By Pooja Menon July 29 (Reuters) – Duke Energy (DUK.N) said on Tuesday it would sell its Tennessee natural gas distribution business to Spire (SR.N) for $2.48 billion in cash, as the utility aims to streamline operations and unlock capital to invest in electric grid upgrades. About $800 million of the proceeds will be used …

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Baker Hughes Nears $13.6 Billion Deal to Buy Chart, Edging Out Flowserve, FT Reports

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

Oil and gas equipment supplier Baker Hughes is nearing a $13.6 billion cash deal to buy Chart Industries, edging out rival suitor Flowserve, the Financial Times reported on Monday, citing sources familiar with the matter.A potential deal would displace an agreement Chart made in June to combine with flow control systems maker Flowserve in a …

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Chevron Tells Hess Staff to Focus on Safety as They Await Job Updates

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

(Reuters) – Chevron  leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer’s acquisition, according to two Hess employees who spoke with Reuters. Chevron, the second-largest U.S. oil producer, closed its $55 billion acquisition of Hess on Friday after prevailing …

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SLB’s ChampionX Deal Clears Final Hurdle With UK Approval

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

(Reuters) – Britain’s antitrust watchdog has cleared oilfield services firm SLB’s $8 billion acquisition of ChampionX after accepting commitments to address competition concerns, with the deal set to close on Wednesday. The UK’s Competition and Markets Authority accepted commitments from SLB and ChampionX instead of launching a more detailed Phase 2 investigation, it said on …

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Chevron Preps Quick Closing of Hess Deal and Awaits Result of Exxon Dispute

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(Reuters) – Chevron is laying the groundwork to swiftly close its planned acquisition of smaller oil producer Hess, according to two sources and an industry analyst, including by preparing a severance program for some Hess workers. The preparations come as both companies await a decision in a legal challenge from larger rival Exxon Mobil that …

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