Exxon Signals Potential Counter Offer for Hess’ Guyana Assets

Exxon Mobil has filed a contract arbitration claim related to Chevron’s proposed purchase of Hess Corp.’s interests in the Stabroek Block offshore Guyana.

JMR Services, A-Plus P&A to Merge Companies

The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.

From Tokyo Gas to Chesapeake: The Slow-burning Fuse that Lit Haynesville M&A

TG Natural Resources rides the LNG wave with Rockcliff deal amid shale consolidation boom.

Enerplus Increases Quarterly Cash Dividend

Enerplus Corp. increased its dividend 8% to US$0.065 (CA$0.088) per share.

Post $7.1B Crestwood Deal, Energy Transfer ‘Ready to Roll’ on M&A—CEO

Energy Transfer co-CEO Tom Long said the company is continuing to evaluate deal opportunities following the acquisitions of Lotus and Crestwood Equity Partners in 2023.

Flame Acquisition Holders Approve Merger with Sable Offshore

The business combination among Flame Acquisition Corp., Sable Offshore Holdings and Sable Offshore Corp. will be renamed Sable Offshore Corp.

ConocoPhillips CEO Ryan Lance Calls LNG Pause ‘Shortsighted’

ConocoPhillips chairman and CEO Ryan Lance called U.S. President Joe Biden’s recent decision to pause new applications for the export of American LNG “shortsighted in the short-term.”

Analysts: Diamondback-Endeavor Deal Creates New Permian Super Independent

The tie-up between Diamondback Energy and Endeavor Energy—two of the Permian’s top oil producers—is expected to create a new “super-independent” E&P with a market value north of $50 billion.

Carlson: $17B Chesapeake, Southwestern Merger Leaves Midstream Hanging

East Daley Analytics expects the $17 billion Chesapeake and Southwestern merger to shift the risk and reward outlook for several midstream services providers. 

Athabasca Oil, Cenovus Energy Close Deal Creating Duvernay Pureplay

Athabasca Oil and Cenovus Energy plan to ramp up production from about 2,000 boe/d to 6,000 boe/d by 2025.