Orion Diversified Holding has made a series of microtransactions in several basins, including the Permian and Powder River as well as the Haynesville, Niobrara and Eagle Ford shales.
Eni said it was very satisfied that the case over a Nigerian oilfield deal with Shell in 2011 had been concluded, describing it as “unmotivated and disconcerting.”
Berkshire’s latest purchases from July 14 to July 16 cost $112 million, and gave Warren Buffett’s conglomerate a 19.4% Occidental Petroleum stake worth about $10.9 billion, regulatory filings show.
Suncor Energy’s retail business could be worth CA$5 billion (US$3.86 billion) to CA$8 billion (US$6.18 billion), National Bank analyst Travis Wood said.
“This acquisition significantly expands our well servicing division with high quality rigs and field personnel, strategic regional positioning, and alignment with key customers," Precision Drilling president and CEO Kevin Neveu said in a press release announced the company's acquisition of High Arctic Service's well servicing business and rental assets.
Taking Occidental Petroleum private does not fit the practice of Warren Buffett’s Berkshire’ of avoiding boom-bust industries, and would face resistance from Occidental, one analyst says.
Today’s featured 25 Influential Women in Energy honoree is Sasha W. Gumprecht, vice president of business development at SJ Resource Partners based in Houston.
Some analysts have speculated that Buffet could buy all of Houston-based Occidental Petroleum, which has been reducing debt since acquiring Anadarko Petroleum for $35.7 billion in 2019.
The Port Arthur LNG agreement with Sempra positions ConocoPhillips as among the largest natural gas producers in the U.S., said CEO Ryan Lance, who added ConocoPhillips is also interested in expanding its LNG presence.
Pickering Energy Partners will target $300 million of capital deployment alongside “premier operators” in the Permian Basin as part of its partnership with a large, unnamed institutional investor.