mergers and acquisitions
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The new AIQ ownership structure will see Presight acquire 51% shareholding, with ADNOC retaining 49% and receiving a 4% stake in Presight. AIQ will continue to operate as a standalone company. -
Losing drill-hungry independent and private companies in the region to robust M&A will mean an activity slowdown that is expected to impact volumes coming from the nation’s largest oil field.
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The second major deal in the US proppant industry this year will see US Silica go forward as a private company.
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The US upstream sector began 2024 with $51 billion in mergers and acquisitions though Enverus outlines why the dealmaking may slow down.
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As the biggest US companies grow bigger, the advantage of scale becomes clearer.
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The world's largest oilfield service company made the deal to expand its exposure to the less cyclical production segment of the upstream business.
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The merged companies will emerge as a new company, Innovex International, increasing its global scale and footprint in growing markets.
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After becoming one of the first US independents to go big on CCS less than 3 years ago, Houston-based Talos Energy is making its exit.
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Consortium suspends planned purchase of 50% stake in Israeli gas producer in light of ongoing military conflict in the region.
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Houston-based Chord is set to see its daily output increase to a basin-leading average of 287,000 BOE/D.
