Acquisitions & Divestitures

Investment , Acquisitions & Divestitures

BMO to Exit US Oil and Gas Investment Banking Business

BMO will wind down its investment and corporate energy banking units outside Canada to focus on the oil and gas business at home, where it sees better opportunities, a spokesman said in a statement.

December 1, 2020

Unconventional , Acquisitions & Divestitures

Brazil’s Petrobras Aims to Step Up Oil Exports and Asset Sales

Brazil’s Petrobras on Nov. 30 projected a surge in oil exports and divestments over the next five years as it steps up plans to target overseas demand and cut debt.

December 1, 2020

People , Acquisitions & Divestitures

Forty Under 40: Dane Karras, Noble Royalties Inc.

Today’s featured Forty Under 40 honoree is Dane Karras, senior vice president of operations and corporate development at Noble Royalties where he focuses on deploying the remaining capital for the company joint venture with Apollo.

December 1, 2020

Public Capital , Company Profiles , Shale Plays , Acquisitions & Divestitures , Trends

EQT CEO Toby Rice Promotes Massive M&A in Appalachia

A year into remodeling EQT into an efficiency powerhouse, Toby Rice hangs out a “we buy Marcellus” placard with consolidation the goal.

December 1, 2020

Business , Acquisitions & Divestitures , Mergers

S&P Global to Buy IHS Markit in All-stock Deal Valued at $44 Billion

The landmark deal, which values IHS Markit at an enterprise value of $44 billion including $4.8 billion of net debt, combines two of the world’s largest provides of data.

November 30, 2020

Acquisitions & Divestitures

Exxon Mobil Scraps Potential Multibillion-dollar Asset Sale in Australia

The decision by U.S. oil major Exxon Mobil comes just six weeks after the deadline for indicative bids for the portfolio set by adviser JPMorgan.

November 30, 2020

Business , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Trends , Mergers

Oil and Gas Investor A&D Trends: Welcome to 2020

In one frame, bankruptcies continued to unravel debt-laden E&Ps. Opposite that, massive megadeals fused together oil and gas companies into Permian Basin behemoths.

November 24, 2020

Technology , Acquisitions & Divestitures

Petrosmith Acquires Wellflex Energy Solutions

Petrosmith, a leading provider of production equipment and oilfield tubular goods, has acquired the assets of Wellflex Energy Solutions LLC, a leading engineering, procurement and construction management company, on Nov. 23.

November 24, 2020

Business , Exploration & Production , Acquisitions & Divestitures , Trends

Oil and Gas Investor A&D Roundtable: A Pinprick of Light at Tunnel’s End

2020 has been a dark year for A&D, but a variety of factors point toward bright spots in the foreseeable future. Leaders from Detring Energy Advisors, EnergyNet and UBS Investment Bank share their thoughts on why.

November 19, 2020

Renewables , Acquisitions & Divestitures

Italy’s Snam to Boost Green Hydrogen with 33% Stake in De Nora

Deal worth $1.4 billion will strengthen Snam’s ambitions to lead in green energy.

November 19, 2020