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EIG to Acquire Brazilian-based Ocyan for $390 Million
January 4, 2024
EIG has entered into definitive agreements with Novonor and Brazilian Development Bank to acquire Ocyan for $390 million. Ocyan is a Brazilian-based solutions provider to the offshore oil and gas industry. “I have known and respected Ocyan for decades. The
Kinder Morgan Closes $1.815 Billion Acquisition of NextEra Energy Partners’ South Texas Assets
January 4, 2024
Kinder Morgan has closed its $1.815 billion acquisition of NextEra Energy Partners’ South Texas assets (STX Midstream), which includes a set of integrated, large diameter high pressure natural gas pipeline systems that connect the Eagle Ford basin to key growing
Chord Energy Appoints Susan Cunningham as Chair, Darrin Henke as Chief Operating Officer
January 4, 2024
Chord Energy Corporation has appointed Susan Cunningham as independent chair of Chord Energy’s board of directors. Lynn Peterson retired December 31, 2023, which will reduce the board size to nine members. The company also appointed Darrin Henke to executive vice
Athabasca Oil and Cenovus Energy Form New JV Company, Duvernay Energy
January 3, 2024
Athabasca Oil Corporation has entered into transaction agreements to create Duvernay Energy Corporation with Cenovus Energy. Duvernay Energy will be a standalone self-funded entity that will drive strong, high netback cash flow and production growth and is expected to unlock
Mach Natural Resources Completes $825 Million Acquisition of Paloma’s Anadarko Basin Assets
January 3, 2024
Mach Natural Resources has closed the acquisition of certain interests in oil and gas properties, rights, and related assets located in certain counties in Oklahoma from Paloma Partners. Paloma is backed by EnCap Investments and its affiliated companies. In conjunction
U.S. Oil and Gas Rig Count Drops in 2023 After Rising in 2021 and 2022
January 3, 2024
U.S. oil and gas rig count dropped in 2023 after rising in the previous two years, energy services firm Baker Hughes said in its closely followed report last week. For last week U.S. energy firms added oil and natural gas
Harbour Energy to Acquire Wintershall Dea’s Global Upstream Assets for $11.2 Billion
December 29, 2023
Harbour Energy has reached an agreement with BASF and LetterOne, the shareholders of Wintershall Dea, for the acquisition of substantially all of Wintershall Dea’s upstream assets for $11.2 billion. The target portfolio includes all of Wintershall Dea’s upstream assets in
Vital Energy Acquires Additional Working Interests in the Permian Basin for $55 Million
December 29, 2023
Vital Energy has acquired additional working interests in producing assets associated with the recent asset acquisition from Henry Energy, Moriah Henry Partners, and Henry Resources for total consideration of $55 million. The purchase will increase Vital Energy’s working interest in
DOE Awards Contracts to Buy Three Million Barrels of Crude Oil for Strategic Reserve
December 29, 2023
The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves said contracts have been awarded for the acquisition of 3 million barrels of U.S.-produced crude oil for the Strategic Petroleum Reserve (SPR). The contracts awarded today for a March delivery
Angola Leaves OPEC, in Blow to Producer Group
December 29, 2023
Angola said last week it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices. Angola’s Oil Minister Diamantino Azevedo
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