The Latest

Public Capital

Lundin Energy Reportedly Considering Sale or Merger

Responding to what it called market rumors, Lundin Energy said it “continuously engages” in opportunities and discussions that could be of value to its owners.

November 29, 2021

Lease Sales

Marketed: APX Energy Property Package in Illinois, Indiana

APX Energy LLC retained EnergyNet for the sale of a package of nonoperated working interest plus proved undeveloped locations in Illinois and Indiana through a sealed-bid offering closing Dec. 9.

November 29, 2021

Exploration & Production

Equinor Exits Ireland with Sale of Gas Field Stake

Equinor has agreed to sell its stake in the Corrib gas field to partner Vermilion for a consideration of $434 million.

November 29, 2021

Exploration & Production

Biden Calls for Higher Drilling Fees in Review of Federal Oil, Gas Leasing Program

The Interior Department report said the current federal oil and gas leasing program “falls short of serving the public interest” and called for new rules to boost royalty rates, bonding rates and other fees for producers.

November 29, 2021

Business

Reliance, Aramco Reportedly Call Off $15 Billion Deal amid Valuation Differences

Sources say talks broke down between Reliance Industries and Saudi Aramco over how much Reliance’s oil-to-chemicals business should be valued as the world seeks to move away from fossil fuels and reduce emissions.

November 29, 2021

Private Equity

Private Equity Investor Lime Rock Closes $203 Million Acquisition Fund

The acquisition fund, in which the Goldman Sachs Asset Management Vintage Funds served as the lead investor, received $134 million in new capital commitments to it and a separate co-investment vehicle.

November 23, 2021

People

On the Move (Week of Nov. 22, 2021)

New hires, promotions and appointments continue to fuel the industry's workforce.

November 22, 2021

People

Forty Under 40: Josh Stevens, U.S. Energy

Today’s featured Forty Under 40 honoree is Josh Stevens, who, to date, has impacted more than $100 million in acquisitions at U.S. Energy Development Corp. in his current role as vice president of finance.

November 22, 2021

Private Equity

Buyout Firm Apollo to Acquire Stake in Houston-based Energy Storage Operator Broad Reach

Broad Reach owns or is constructing around 1.4 gigawatts hours of energy storage capacity and a 21 gigawatt portfolio of utility-scale wind, solar and energy storage power projects across the United States.

November 22, 2021

People

Forty Under 40: John Fossum, Petrie Partners

Today’s featured Forty Under 40 honoree is John Fossum, managing director with Petrie Partners focusing on strategic advisory, M&A, asset divestitures and capital raising for the energy sector.

November 19, 2021