New Fortress Energy Inc. has signed a gas supply agreement (the GSA) with CFEnergia SA de CV, a subsidiary of Mexico’s Federal Electricity Commission (CFE), on March 29.
In a new initiative by Mexican President Andrés Manuel López Obrador, a copy of which was seen by Reuters, set out a series of measures to strengthen state influence over the oil and gas industry.
Here’s a snapshot of recent energy deals including Oasis Petroleum’s $510 million midstream deal plus the acquisition of a Pioneer Natural Resources oilfield service subsidiary by oil mogul George Kaiser.
The flurry of M&A deals underscores the Canadian energy sector’s desire to grow to benefit from the rebound in oil prices as global fuel demand picks up. It also reflects smaller companies betting on economies of scale.
Here’s a snapshot of recent energy deals including the closing of the $465 million acquisition of Williston Basin private operator Bruin E&P by Enerplus plus a merger agreement between Houston-based oilfield services provider Frank’s International and Expro Group.
Lopez Obrador, who was speaking at his regular morning news conference, gave no further details.
Executives from Ecopetrol, Petrobras and Pemex in Latin America share insight on how their companies are adjusting and the role of natural gas in the energy transition.
The acquisition of private Williston Basin operator Bruin E&P Partners included acreage contiguous with Enerplus’ tier 1 acreage position in the Bakken, Enerplus said in a January release.
Sparrows Group, the engineering and maintenance services specialist for the global energy and industrial sectors, has secured a new five-year contract with a major oil and gas operator on March 10 to deliver crane services for seven of its onshore and offshore assets in North America, accelerating the business’ growth trajectory in the U.S.
BMO will set an intermediate target of net-zero emissions for 2030, and is also targeting a 30% reduction in greenhouse gas emissions in its operations by 2030 from a 2019 baseline, Canada’s fourth-largest lender said in a statement.