Asset/portfolio management
Transaction adds 90,000 net acres and 68,000 BOE/D of production as Crescent expands its South Texas footprint.
The deal adds 40,000 B/D of production and expands Cenovus’ SAGD footprint with three Alberta assets.
The Federal Reserve Bank of Dallas’ third-quarter energy survey reflects industry views on the drawdown of the US Strategic Petroleum Reserve, the outlook for Persian Gulf crude exports, and expectations for oil prices.
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The Eagle Ford shale currently represents about 30% of Baytex’s total production. -
The UK company will purchase oil producing acreage across the northern part of the south Texas Eagle Ford shale play.
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Nabors expanded its push beyond the oil business by acquiring an Australian solar power company selling a round-the-clock power technology.
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QatarEnergy’s acquisition of a 30% interest in E&P blocks offshore Lebanon with TotalEnergies and Eni expands the company’s East Med portfolio while enabling the Emirate to help mediate Beirut’s longstanding political and economic crisis.
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Offshore Eastern Canada is showing signs of life as new project commitments are firmed up and idled projects roar to life.
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The acquisition of Advance Energy Partners shows that private equity groups are successfully maintaining premium valuations for core assets.
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M&A market activity in the fourth quarter fell from the third-quarter high to $13 billion.
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Novatek is reporting a 6.3% jump in 2022 LNG exports, driven by Europe which has shunned Russian pipeline gas while increasing its purchases of Russian LNG.
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The Oklahoma City-based operator struck the first big US shale deal of 2023 as it pivots toward natural gas developments.
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Chevron is "encouraged and excited" after drilling its first successful exploration well in the Eastern Mediterranean block.
