Brazilian state-controlled oil company Petrobras said asset manager Starboard Asset Ltd. has bid $90 million for its Papa-Terra oil field in the Campos Basin, a securities filing on Nov. 24 showed.
Petrobras added Starboard’s offer was the highest, but that it was not yet possible to say if both companies would reach a final agreement.
Saudi Aramco’s profits plummeted last year, but it stuck to a promised $75 billion annual dividend, most of which goes to the Saudi government.
The new partnership expands Pickering Energy Partners’ current investment platform to include SailingStone’s energy transition, global natural resources and ESG investment experience and strategies.
It’s not the Keynes kind; it’s the Jack London kind. E&P executives are restless, according to a Dallas Fed survey, and they’re going mano y mano for market share. Will it manifest in consolidation? Where to next for the sellers? For some, it’s a new land rush: energy transition.