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Nippon Steel to Acquire U.S. Steel for $14.9 Billion
December 20, 2023
Nippon Steel Corporation (NSC) and United States Steel Corporation have entered into a definitive agreement to which NSC will acquire U.S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the
Exolum to Acquire 50% Stake of Moda Midstream’s NGL Storage Terminal, Texas
December 20, 2023
Exolum has entered into a definitive agreement to acquire a 50 percent interest in Vopak Moda Houston, an ammonia storage, import, and export terminal located on the Houston Ship Channel, from Moda Midstream. Terms of the transaction were not disclosed.
BP Halts Oil and Gas Shipments through Red Sea After Attacks By Houthi Rebels
December 19, 2023
BP has halted all shipments of oil and gas through the Red Sea after an increase in attacks on cargo ships by Houthi militants in Yemen, including two further strikes on Monday. The British oil major said it had paused
TotalEnergies Expands its Presence in Suriname with New Offshore Exploration License
December 19, 2023
TotalEnergies and its partners QatarEnergy and Petronas have signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname (Staatsolie), the state-owned oil company of Suriname. Block 64 was awarded to TotalEnergies and its partners in the bid round
Woodside and Santos Confirm Merger Talks to Create $52 Billion Energy Giant
December 15, 2023
Australian petroleum exploration and production company Woodside Energy confirmed that it has entered into discussions regarding a potential merger with domestic peer Santos. The potential deal, if it advances, will create a $52 billion (A$80 billion) oil and gas giant.
INEOS Acquires LyondellBasell Ethylene Oxide, Derivatives Business, Production Facility for $700M
December 15, 2023
INEOS has intered into an agreement with LyondellBasell to buy its ethylene oxide and derivatives business including the Bayport Underwood site, Texas. The deal includes the Ethylene Oxide plant, the Ethylene Glycols plant, and the Glycol Ethers plant together with
Aramco to Acquire 40% Stake in Gas & Oil Pakistan
December 15, 2023
Aramco signed definitive agreements to acquire a 40 percent equity stake in Gas & Oil Pakistan Ltd. (GO). “Our second planned retail acquisition this year aligns with Aramco’s downstream expansion strategy, with a clear path ahead for growing an integrated
Chevron to Spend Up to $19.5 Billion in 2024 in Upstream and Downstream Operations
December 8, 2023
American energy company Chevron revealed plans to spend between $18.5 billion and $19.5 billion in the upcoming year, with the bulk of that to be allocated on upstream operations. Chevron’s 2024 budget includes a projected organic capital expenditure (capex) of
Mexico Pacific and Woodside Sign Long-Term LNG Sales and Purchase Agreement
December 8, 2023
Mexico Pacific Limited and Woodside have signed a sales and purchase agreement (SPA) for 1.3 million tonnes per annum (Mtpa), equivalent to approximately 18 cargoes per year, of liquefied natural gas (LNG) for 20 years. Under the SPA, Woodside will
TotalEnergies and Masdar Demonstrate Methanol-to-SAF Pathway with Successful Test Flight
December 8, 2023
The first test flight to demonstrate the potential for converting methanol to SAF (Sustainable Aviation Fuel) has taken place in Dubai on the sidelines of COP28 in the UAE. Masdar, TotalEnergies, the UAE General Civil Aviation Authority, Airbus, Falcon Aviation
