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Whitecap, Veren Create Top Canadian E&P Post $10.4B Merger
The combined company will operate under the Whitecap Resources name and is selling non-strategic assets in Saskatchewan and Kaybob as Whitecap and Veren integrate.
Crescent Energy Sells $83MM in Permian Assets to Reduce Debt
Crescent Energy has divested non-operated Permian Basin assets for $83 million as part of the company’s plans to sell $250 million of non-core divestures.
Infosys Acquires Tech, Business Firm MRE Consulting for $36MM
Infosys said its all-cash deal to buy MRE Consulting will add newer capabilities and risk management to its offerings.
Bowman Consulting Acquires Texas Firm UP Engineering
The acquisition of UP Engineering strengthens Bowman Consulting Group’s position in the oil and gas market, Chairman and CEO Gary Bowman says.
The Latest
Hamm: Continental Won’t Rule Out a Merger, But Don’t Count on it
Continental Resources Founder Harold Hamm said Hess Corp.’s Bakken property is interesting, as well as property held by BP Plc’s Lower 48 E&P unit BPX Energy.
Oxy, ADNOC Evaluating JV to Develop Texas Direct Air Capture Hub
Occidental Petroleum is exploring a joint venture in which ADNOC’s XRG would invest up to $500 million for the development of a direct air capture facility in South Texas.
CEO: Brazos Midstream Passed on Sale of Permian Infrastructure Co.
Brazos Midstream CEO Brad Iles said the time wasn’t right to sell a majority stake in the company.
EOG Secures Award to Explore Abu Dhabi for Unconventional Oil
U.S. shale giant EOG Resources will evaluate 900,000 acres in a hydrocarbon-rich basin in Abu Dhabi under a new concession agreement with ADNOC.
Kingswood‘s One X Buys Pressure Control Firm United Energy Partners
One X, backed by Kingswood Capital Manaement, will purchase service firm United Energy Partners to become a provider of greaseless pressure control values across multiple shale plays.
E&P Startups X2, Rockcliff Hunt for Large-Scale M&A Amid Price Volatility
Private capital is flowing back into shale, with new teams Rockcliff III and X2 Resources zeroing in on overlooked assets in Texas and beyond.
Phillips 66 Sells Majority Interest in European Fuel Retailer
Stonepeak and Energy Equation Partners acquired a 65% interest in JET Tankstellen Deutschland from Phillips 66 in a transaction valuing the business at US$2.8 billion.
First Nations in Canada to Invest US$511MM in Enbridge Pipeline
A partnership consisting of 36 First Nations in British Columbia, Canada, is acquiring a 12.5% stake in the Enbridge Westcoast natural gas pipeline system on traditionally Indigenous land.
Excelerate Closes Purchase of Jamaican LNG Assets for $1B
Excelerate has purchased New Fortress’ assets and operations of the Montego Bay LNG terminal, the Old Harbour LNG terminal and the Clarendon combined heat and power plant.
Saber Power Acquires Electrical Field Servicer inoLECT
Saber Power Services is acquiring Baton Rouge, Louisiana-based inoLECT, which delivers specialized services to enhance electrical system safety and reliability.