- Joe Barone, Shale Directories
- Blog
- April 3, 2020
M&A activity collapsed in first quarter 2020: Enverus
Merger and acquisition activity largely collapsed in the first quarter of 2020, according to a new report from Texas-based Enverus. Such activity was very slow, even before the coronavirus hit and the crude oil price war between Saudi Arabia and Russia that is impacting U.S.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
France’s Total makes new renewables acquisition
French oil major Total said on Friday it has made a “substantial investment” in wind power, acquiring 100% of Global Wind Power (GWP) France, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Verbund, OMV negotiate share in Gas Connect Austria
Austria’s leading electricity company, Verbund, has entered exclusive negotiations with OMV for the purchase of a 51% stake in gas pipeline company Gas Connect Austria, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
OMV, Mubadala sign $4.68B Borealis deal
Austria’s oil major OMV and Abu Dhabi’s sovereign investor Mubadala agreed terms for the $4.68 billion deal, which will give OMV a 75% controlling share in petrochemicals company Borealis, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 28, 2020
Equitrans, EQM agree to merge
Midstreamers Equitrans Midstream (ETRN) and EQM Midstream Partners LP said Thursday they’ve agreed to a share-for-unit merger, in which each outstanding public common unit of EQM would be exchanged for 2.44- Joe Barone, Shale Directories
- Blog
- February 28, 2020
Egypt’s Damietta LNG plant to restart by June: Eni
Egypt’s Damietta liquefaction plant will restart by June of this year, after an amicable resolution to an eight-year dispute between investors and the Egyptian government, Eni said Thursday.- Joe Barone, Shale Directories
- Blog
- February 26, 2020
Centennial sells disposal wells, infrastructure for $225M
Colorado-based independent producer Centennial Resource Development Inc. is selling its saltwater disposal wells and associated produced water infrastructure in Reeves County, Texas, to WaterBridge Holdings LLC for $225 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 5, 2020
Midstreamers exercise Saddlehorn option
Noble Midstream Partners LP and Greenfield Midstream LLC announced Tuesday they’ve exercised their option to acquire a 20% interest in the Saddlehorn Pipeline for $155 million gross, $84 million net to Noble Midstream, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 29, 2020
BCE-Mach III acquiring Alta Mesa, Kingfisher
The partnership BCE-Mach III LLC is acquiring substantially all of the upstream oil and gas assets of Alta Mesa Holdings (AMH) and its subsidiaries, and the midstream assets of Kingfisher Midstream for $320 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 16, 2020
GM bids to buy land for new Ohio battery factory
General Motors wants to build a new $2.3 billion battery factory in Lordstown, Ohio, adjacent to its former car assembly plant that it shuttered and sold in 2019, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- January 6, 2020
Tenaris closes $1.1B buy of pipemaking rival
Luxembourg-based steel pipe maker Tenaris said last week it’s closed the $1.07 billion acquisition of IPSCO Tubulars from Russian steelmaker TMK, becoming the largest steel pipe maker in North America, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 6, 2020
US O&G M&A poised for recovery: Enverus
A total of $96 billion of U.S. oil & gas merger and acquisition transactions took place in 2019, including $11 billion in the final three months of the year, according to data analytics firm Enverus.- Joe Barone, Shale Directories
- Blog
- December 13, 2019
Basalt acquires gas transmission business
A fund managed by infrastructure investment fund Basalt Infrastructure Partners II GP Ltd. has acquired Third Coast Midstream’s natural gas transmission business, rebranding the assets Black Bear Transmission.- Joe Barone, Shale Directories
- Blog
- December 12, 2019
Ironwood Midstream closes South Texas buy
Ironwood Midstream Energy Partners II announced it’s closed on the acquisition of midstream assets located in South Texas from Twin Eagle Gardendale Pipeline LLC, a unit of Twin Eagle Holdings N.A.- Joe Barone, Shale Directories
- Blog
- December 3, 2019
Sabine O&G completes sale to Osaka Gas USA
Sabine Oil & Gas Holdings said Monday it’s closed the sale of its subsidiary, Sabine Oil & Gas Corp. to Osaka Gas USA Corp.,- Joe Barone, Shale Directories
- Blog
- November 22, 2019
XOM raises assets sales with $25 billion plan: sources
ExxonMobil (XOM) is enlarging its biggest asset sale in decades, with plans to divest up to $25 billion of gas and oilfields in Europe, Asia and Africa, banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- November 18, 2019
Noble drops-down midstream assets for $1.6B
Independent producer Noble Energy said Friday after concluding its midstream review, it will retain and increase its ownership in Noble Midstream Partners (NBLX), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 12, 2019
Oxy looking to sell Wyoming, Colorado assets: sources
Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado acquired when it purchased Anadarko Petroleum, hoping the assets will bring up to $700 million, people familiar with the matter told Reuters.- Joe Barone, Shale Directories
- Blog
- November 8, 2019
Equinor sells Eagle Ford assets in $325M deal
Equinor has agreed to sell to Repsol its 63% interest in, and operatorship of, its onshore business in the Eagle Ford Shale play in South Texas, for $325 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 3, 2019
US O&G M&A maintains momentum in Q3: Enverus
Despite what’s called a “difficult” market, merger and acquisition activity in the U.S. oil and gas industry maintained the momentum established in Q2, surpassing $17 billion in Q3, according to data released by data analytics company Enverus.- Joe Barone, Shale Directories
- Blog
- October 3, 2019
ConocoPhillips completes $2.7B sale of UK E&P units
ConocoPhillips this week completed its previously announced transaction to sell two ConocoPhillips UK subsidiaries to private equity-backed Chrysaor E&P Ltd. for $2.68- Joe Barone, Shale Directories
- Blog
- October 1, 2019
Westy buying Rolls-Royce civil nuclear systems and services
Nuclear energy icon Westinghouse Electric Co. has signed a definitive agreement to acquire Rolls-Royce’s Civil Nuclear Systems and Services business in North America, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 19, 2019
Eco-Energy buys gathering/processing/terminal assets
Tennessee-based biofuel company Eco-Energy has acquired the Stone Mountain gathering pipeline system, Stone Mountain processing facility and the Stone Mountain rail terminal from Continuum Energy Services for an undisclosed price.- Joe Barone, Shale Directories
- Blog
- September 10, 2019
Eia: Florida shifts to natural gas for electricity
Florida is rapidly turning to natural gas to produce its electricity, Kallanish Energy reports. Florida has added 16 gigawatts of utility-scale natural gas-fired electric generation between 2008 and 2018, about 24% of all U.S.- Joe Barone, Shale Directories
- Blog
- September 6, 2019
Xom to sell Norway assets for $4B
U.S. giant ExxonMobil has agreed to the sale of its oil and gas assets in Norway for $4 billion, Reuters reported Thursday, citing three sources familiar with the matter.- Joe Barone, Shale Directories
- Blog
- August 28, 2019
Tallgrass acknowledges buyout proposal from Blackstone
Tallgrass Energy (Tge) LP late Tuesday evening said its general partner’s board has received a non-binding offer from Blackstone Infrastructure Partners to acquire all outstanding Class A shares in Tallgrass not already owned, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 22, 2019
Wood to sell nuclear business for $302M to cut debt
Wood Plc has agreed to sell its nuclear business for 250 million pounds ($302 million), as it cuts debt associated with the 2017 acquisition of Amec Foster Wheeler and a prolonged oil-price slump, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 22, 2019
Refiner Motiva moves into petrochemicals
Motiva Enterprises said this week it’s buying the Flint Hills Resources chemical plant adjacent to its Port Arthur, Texas, oil refinery, marking its entry into petrochemicals, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
NGL Energy Partners sells refined products assets
NGL Energy Partners announced it’s selling TransMontaigne Product Services (Tpsl) and associated assets to an unnamed buyer for roughly $300 million, including equity consideration, inventory and net working capital, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
Oxy sells $13B of debt to help fund Anadarko buy
Occidental Petroleum sold $13 billion of debt to help finance its acquisition of Anadarko Petroleum Corp. after receiving over $75 billion in orders for the deal at the peak, people familiar with the matter told Bloomberg.- Joe Barone, Shale Directories
- Blog
- August 8, 2019
Oxy completes $55 billion deal for Anadarko
Occidental Petroleum announced this morning the completion of its $55 billion acquisition of Anadarko Petroleum, including debt assumption, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 7, 2019
Caliber buys Bakken assets from American Midstream
Caliber Midstream Holdings said Tuesday it’s acquired Bakken assets in North Dakota from American Midstream Partners for an undisclosed price, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 31, 2019
TC Energy selling gas-fired power plants for $2.87B
TC Energy said Tuesday it’s entered into a deal via its TransCanada Energy Ltd. unit to sell interests in three Ontario natural gas-fired power plants to a subsidiary of Ontario Power Generation for roughly $2.87- Joe Barone, Shale Directories
- Blog
- July 26, 2019
Icahn wins ISS support for initial step to shake up Oxy
Billionaire activist investor Carl Icahn’s effort to shake up Occidental Petroleum’s board got a boost from a prominent shareholder advisory firm Thursday, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- July 25, 2019
Presidio completes asset acquisition from Apache
Presidio Investment Holdings this week announced it’s completed the acquisition of all oil- and natural gas-producing properties in the western Anadarko Basin of Texas, Oklahoma, and Kansas from Apache Corp.- Joe Barone, Shale Directories
- Blog
- July 24, 2019
Qatar Petroleum enters blocks offshore Kenya
State-owned oil firm Qatar Petroleum announced Tuesday the acquisition of interests in three blocks in offshore Kenya, Kallanish Energy reports. The L11A, L11B and L12 blocks are located in the Lamu Basin, in the eastern part of the country, covering 5,790 square miles in water depths between 3,280 feet and 9,840 feet in the Indian Ocean.- Joe Barone, Shale Directories
- Blog
- July 12, 2019
Six minutes alter direction of U.S.’s largest gas producer
It wasn’t hard to figure out the backers of the two sides in the proxy battle between independent producer EQT and dissidents known as the Rice Team Wednesday morning, at the long-awaited annual meeting.- Joe Barone, Shale Directories
- Blog
- July 4, 2019
Africa Oil in South African block farmout
Canadian firm African Oil announced Wednesday a farmout agreement with Namibian company Azinam Ltd. to acquire interests in a block offshore South Africa, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- July 3, 2019
UGI unit acquiring Columbia Midstream for $1.28B
UGI Corp. has announced its UGI Energy Services unit is acquiring Columbia Midstream Group (Cmg) from a subsidiary of TC Energy for roughly $1.28- Joe Barone, Shale Directories
- Blog
- July 2, 2019
Marathon Oil closes sale of UK business
Marathon Oil Corp. said Monday the company has closed on the sale of its U.K. business, which consists of the Brae area fields and Foinaven, to UK independent producer RockRose Energy PLC for $95 million.- Joe Barone, Shale Directories
- Blog
- July 1, 2019
EQT wins support in proxy fight with Rice Bros
Just as EQT Corp. is at odds with remnants of Rice Energy, which it acquired in 2017 and became the U.S.’s- Joe Barone, Shale Directories
- Blog
- June 28, 2019
Proxy advisory firm backs dissidents against EQT
Well-known proxy advisory firm Institutional Shareholder Services (Iss) has issued a report recommending EQT Corp. shareholders elect all seven dissident board nominees advocated by the so-called Rice Team, along with the five EQT nominees backed by the dissidents, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 28, 2019
I Squared Capital to Sell Cube Hydro to Ontario Power
I Squared Capital, through its ISQ Global Infrastructure Fund I, announced this week it’s selling its hydropower operations, Cube Hydro Partners, and its affiliate, Helix Partners, to Ontario Power Generation (Opg) for an undisclosed price.- Joe Barone, Shale Directories
- Blog
- June 28, 2019
W&T Offshore acquiring Xom assets in GoM for $200M
W&T Offshore said Thursday it’s acquiring ExxonMobil’s interests in and operatorship of oil- and gas-producing properties in the eastern region of the Gulf of Mexico, offshore Alabama, and related onshore processing facilities for $200 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 26, 2019
Pseg Power selling interest in coal-fired plants
Public Service Enterprise Group’s Pseg Power unit has agreed to sell its 776-megawatt, or 21.66%, interest in the Keystone and Conemaugh coal-fired power plants in Western Pennsylvania, plus related assets, including the assumption of liabilities.- Joe Barone, Shale Directories
- Blog
- June 26, 2019
Icahn rips Oxy’s board for treating shareholders like ‘peasants’
Billionaire activist investor Carl Icahn ripped Occidental Petroleum Tuesday, criticizing the independent producer’s board, Kallanish Energy reports. He criticized corporate boards in general that treat “shareholders [as] necessary peasants who represent a necessary evil that must be tolerated, possibly patronized, but certainly ignored.”- Joe Barone, Shale Directories
- Blog
- June 25, 2019
Arlp acquiring Permian O&G mineral interests for $145M
Alliance Resource Partners LP (Arlp) Monday announced it’s acquiring oil and gas mineral interests from Wing Resources LLC and Wing Resources II LLC for $145 million in cash, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 21, 2019
Development Capital forms $165M JV in the Permian
Development Capital Resources (Dcr) said this week a company unit, capitalized by funds managed by affiliates of Ares Management, has entered into a drilling and development joint venture with a private operator in the Permian Basin, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 20, 2019
Chisholm O&G, Gastar Exploration merging
A pair of independent producers, Chisholm Oil and Gas of Oklahoma, and Gastar Exploration of Houston, which exited Chapter 11 just five months ago, announced Wednesday they’re merging, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 14, 2019
TPG, Glendale partner to buy non-operated assets
Global finance/investment firm TPG Sixth Street and private oil and gas producer Glendale Energy Ventures announced a new oil and gas investment partnership with an initial $500 million in capital commitments.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
Shell to sell California refinery for $1B
Oil supermajor Royal Dutch Shell has agreed to sell its Martinez, California, refinery, 30 miles northeast of San Francisco, to independent refiner PBF Energy for up to $1 billion, the two companies announced Tuesday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Gazprom Neft signs with Novatek, Shell
Russia’s third largest oil producer, Gazprom Neft, Thursday revealed three joint ventures to develop hydrocarbon projects in Russia, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 5, 2019
Total acquires Toshiba’s US LNG portfolio & collects $800M
French oil major Total has signed a deal with Japan’s Toshiba to take over its portfolio of liquefied natural gas assets, a deal which actually will put $800 million in Total’s pocket, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 4, 2019
Petrobras to sell onshore fields
Brazilian multinational corporation Petrobras Monday launched the sale of two sets of onshore concessions, Kallanish Energy learns. The concessions are located in the northeastern state of Bahia, where Petrobras is operator and fully owns all but two concessions.- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Icahn challenges Oxy’s ‘hugely overpriced’ Anadarko deal
Billionaire activist investor Carl Icahn last week filed a lawsuit against Occidental Petroleum, looking for board seats and eventually a sale of the company, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Tortoise acquires Piper’s midstream advisory business
Investment firm Tortoise Capital Advisors said Wednesday it’s acquiring the midstream asset management business of Advisory Research Inc. from parent company Piper Jaffray Cos.- Joe Barone, Shale Directories
- Blog
- May 29, 2019
Atlantic Power selling gas-fired Manchief peaker
Independent power producer Atlantic Power Corp. said Tuesday it’s selling its Manchief power plant to Public Service Company of Colorado for $45.2 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 20, 2019
Rice Team revises EQT board slate to 7 from 9
Toby Z. Rice and Derek A. Rice, EQT shareholders trying to wrest control from the executives and board of the U.S.’s- Joe Barone, Shale Directories
- Blog
- May 10, 2019