NorthAmOil - North America Oil & Gas
US oil, gas dealmaking down in Q3 but mega-deals to ignite activity in Q4
More than $120 bn in deals this month may push up activity in M&As in the fourth quarter after a quieter third quarter, reported Enervus.
Largest oil services providers report strong global sales
SLB, the world’s biggest oil-services provider, has reported a boost in its international drilling and oilfield equipment sales in the third quarter, despite weaker demand in North America. Oil demand has been rising globally.
Trudeau weighs excluding oil and gas from Indigenous loan plan
Canadian Prime Minister Justin Trudeau and his cabinet are debating whether to include the oil and gas sector in a planned multi-billion dollar loan programme for resource projects.
Latest M&A deal for US major will impact South America
Chevron, which is already active in Venezuela and Suriname, is set to enter Guyana as a result of acquiring Hess in an all-stock transaction worth $53bn.
TotalEnergies partners with Corio and Rise on 3+ GW wind project in US
TotalEnergies has partnered with Corio Generation, an offshore wind developer, and New York-based Rise Light & Power for the joint development of an offshore wind project off New York and New Jersey.
Oil markets on edge amid escalations in Israel-Hamas war
The escalation in the Israel-Hamas conflict is inciting apprehensive speculations about the impact on global oil markets amid the complex web of geopolitics, sanctions and spectre of broader tensions in the region and beyond.
Canadian oilpatch ripe for M&As as Tourmaline set to buy Bonavista for $1.12bn
Canada’s largest natural gas producer, Tourmaline Oil, plans to acquire the rival privately held Bonavista Energy to add Deep Basin gas growth. The price-tag would be CAD1.5bn ($1.1bn) cash and stock.
Canada Supreme Court says Trudeau environment law largely unconstitutional
The Impact Assessment Act (IAA) of 2019 governs how large projects such as oil sands plants affect the environment. It is largely unconstitutional, said the court, because it oversteps federal authority over what in Canada are provincial matters.
More consolidation expected in US shale
This follows the recent blockbuster October 12 news that ExxonMobil Corp. had agreed to buy Pioneer Natural Resources Co. for almost $60bn. The all-stock transaction will make Exxon the dominant player in the Permian Basin.
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