This is your Hart Energy Live A&D Minute, powered by the SUPERDug Conference and Exhibition May 22nd through the 24th in Fort Worth.
Spanish energy company Repsol sold a 25% stake in its global upstream business to EIG Global Energy Partners for $4.8 billion. Repsol Upstream’s assets total more than 600,000 boe/d of production in 15 countries, including the U.S. Repsol and EIG say they plan to list the company in the U.S. in 2026.
Expanding its footprint in the North Sea, Norway’s Equinor is acquiring Suncor Energy’s U.K. business for $850 million, which adds to Equinor's production and aids Suncor in reducing net debt and meeting shareholder return targets. Are there more international deals on the way?
Bayou Bend CCS is expanding the CO2 storage capacity for the Texas Gulf Coast project in a big way. The joint venture between Chevron, Talos Energy and Carbonvert purchased over 100,000 new onshore acres east of Houston. The expanded Bayou Bend project now has around 140,000 acres of pore space to permanently store 1 billion metric tons of CO2. Is the Gulf Coast the new hub for low-carbon projects?
That's your Hart Energy Live A&D Minute, powered by DUG Haynesville Conference March 28th and 29th in Shreveport. Watch new A&D Minute episodes every Wednesday and sign up for our A&D Watch newsletter at hartenergy.com/deals.
Eni, Algeria’s Sonatrach Sign Sustainability, Energy Security Agreements
2023-01-23 - Eni and Sonatrach will explore the reduction of emissions, energy efficiency initiatives, renewable energy developments and other ways to create a sustainable energy transition.
UniCredit Sets Emission Goals for Carbon Intensive Sectors
2023-01-31 - UniCredit will strengthen its advisory services for companies in carbon-intensive sectors, as well as boost sustainable lending.
Baker Hughes to Provide Equipment for Petronas Carbon Capture Project
2023-01-03 - Petronas' Kasawari offshore project is expected to be the largest carbon capture and sequestration facility in the world.
Oil, Gas Industry Earned $4 Trillion Last Year, Says IEA Chief
2023-02-14 - In recent years, the oil and gas industry pulled in profits averaging $1.5 trillion, according to International Energy Agency head Fatih Birol.
Qcells Lines Up $2.5 Billion for US Solar Supply Chain Buildout
2023-01-11 - South Korea’s Qcells plans to start building a new solar parts manufacturing facility in Georgia during first-quarter 2023 with commercial production set to begin late 2024.