U.S.-based oil and gas producers continue to report mixed first-quarter results in this final recap of E&P earnings including highlights from Apache, Laredo and Marathon.
Diamondback Energy had initially planned for its Rattler Midstream subsidiary to make its public debut last year but was stopped by tough market conditions thanks to commodity volatility.
Equinor, already one of the largest producers in the Gulf of Mexico, agreed to acquire additional interest in the Caesar-Tonga Field that Shell Offshore had previously agreed to sell to Delek Group.
Occidental Petroleum CEO Vicki Hollub on May 10 touted her $38 billion deal for Anadarko Petroleum Corp. and defended the pricey terms she negotiated in a 90-minute session with billionaire investor Warren Buffett to secure the deal without seeking shareholder approval.
The sale marks NuStar’s exit from the Caribbean as the San Antonio-based company focuses on growing its core assets in North America including in the Permian Basin.
Companies like EOG Resources and Occidental Petroleum are among those seeing cost improvements in plays such as the Permian Basin and Eagle Ford Shale.
IFM Investors agreed to acquire Buckeye Partners in an all-cash transaction valuing the Houston-based company, which roots trace back over a century, at $10.3 billion.
Enbridge reported it transported 1 million barrels per day of crude oil more on its key Mainline system across Canada and the U.S. during the first quarter than the year-ago quarter.