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.
Targa Appoints Joel Thomas to SVP Finance, Treasurer
2023-04-17 - Midstream company Targa Resources appointed Thomas to senior vice president of finance and treasurer.
AltaGas Names CEO, Enbridge Announce Promotion
2023-05-08 - Enbridge promoted Patrick Murray to CFO at Enbridge, while Enbridge’s Vern Yu will depart to become president and CEO of AltaGas.
Amplify Energy Names James Frew as CFO
2023-04-17 - James Frew joins Amplify Energy was named senior vice president and CFO by Amplify Energy on April 17.
W&T Offshore Announces CFO Change
2023-04-06 - W&T’s CFO Janet Yang is leaving the company on May 11 and Vice President and Chief Accounting Officer Trey Hartman will be serving as interim CFO until a formal replacement is made.
Trinidad's Heritage Names ConocoPhillips Executive as CEO
2023-05-22 - Heritage Petroleum last year produced 13 million bbl of Molo crude from onshore and offshore properties. Most of the crude was exported to refineries on the U.S. Gulf Coast.