Acquisitions & Divestitures
Acquisitions & Divestitures , Tankers
Trafigura Takes Stake In Frontline In $675 Million Tanker Deal
Trading firm will provide 10 Suezmax vessels and gain an 8.5% stake in Frontline.
Business , Acquisitions & Divestitures , Midstream
Detring Expands Into Midstream With Baird Partnership
Upstream A&D firm Detring and multinational investment bank Baird are teaming up to provide strategic advisory and M&A advisory services to midstream energy companies.
Private Equity , Shale Plays , Water Management , Acquisitions & Divestitures , Midstream
H2O Midstream Adds Sabalo’s Water Assets To Growing Permian Position
Concurrent with the Sabalo acquisition, EIV Capital and multiple co-investors “substantially increased” their equity commitment for H2O Midstream to pursue additional growth in the Permian Basin.
Acquisitions & Divestitures
Shell Enters Australia Power Industry With $419 Million Bid For ERM Power
The deal would instantly give Shell a power supplier with almost a quarter share of the commercial and industrial retail market in Australia, second only to Origin Energy in that space. It will also get two gas-fired power stations.
Public Capital , Acquisitions & Divestitures , Pipelines
Kinder Morgan Scores Roughly $2.5 Billion Asset Sale
Houston-based Kinder Morgan is cashing in its Canadian affiliate plus ownership in the Cochin pipeline through asset sales to Pembina Pipeline worth roughly $2.5 billion.
Business , Exploration & Production , Acquisitions & Divestitures , Trends
A&D Trends: Indie Oil And Gas Deal-Making
So far in 2019, oil and gas deals have taken an indie turn in the market with mid-sized deals.
Exploration & Production , Acquisitions & Divestitures
Norway's Equinor Adds Acreage Offshore Argentina
Equinor has taken a 50% stake in Argentina's largest offshore block, CAN 100, as part of its collaboration with the South American country's state-controlled oil firm YPF.
Public Capital , Pressure Pumping , Acquisitions & Divestitures
Analyst: Pressure Pumping Asset Sale Implies Extraordinary Upside
Analysts with Tudor, Pickering, Holt & Co. noted the sale of Quintana’s legacy conventional pressure pumping operations was a small deal but that it also highlighted a “prodigious valuation upside.”
Petrochemicals , Acquisitions & Divestitures
Aramco’s Motiva To Buy Port Arthur, Texas Chemical Plant
Motiva, the U.S. refining arm of Saudi Aramco, plans to operate the Flint Hills chemical plant while it builds three giant petrochemical units within its Port Arthur complex.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures
Earthstone Energy CEO Actively Looking To Be Permian Consolidator
Earthstone Energy CEO Frank Lodzinski urged attendees of a recent industry luncheon in downtown Houston to “bring us deals” as the company looks to continue its growth story.