NorthAmOil - North America Oil & Gas
Matador Resources in $1.91bn bolt-on in Delaware Basin
Matador Resources has announced that it will acquire a unit of Ameredev II Parent, for $1.91bn cash. Ameredev is a portfolio company of EnCap Investments.
Second Citgo auction closes amid significant interest
The second round of bids in the US-based auction of shares in the Venezuelan-owned US refiner Citgo Petroleum ended on Tuesday, with at least one confirmed credit offer received.
Devon Energy strikes out on M&A wave – so far
Devon Energy, the major US shale driller, has missed out on bids to purchase at least three of its peers in the last 12 months. This was reportedly because its shares were not seen as valuable enough, said people familiar with the negotiations.
Venezuela-owned Citgo parent shares attract strong interest in US court auction ahead of elections
Prospective bidders had until June 11 to submit their proposals in a US court-mandated auction of shares in PDV Holding, the parent company of US refiner Citgo Petroleum. The auction is set to take place in July, just before the Venezuelan elections.
Noble to buy Diamond Offshore for $1.6bn
Noble Corp will buy its smaller rival Diamond Offshore Drilling in a cash and stock deal of an estimated $1.59bn. The union of the offshore rigs operators is the latest of many mergers and acquisitions in the US oil and gas sector.
Venezuela creditors seek JPMorgan's backing in $7bn Citgo bid
A consortium of creditors of Venezuela is reportedly seeking financial support from JPMorgan Chase & Co. to fund a $7bn bid for the parent company of US refiner Citgo Petroleum Corp.
Mountain Valley Pipeline completed, approved to start operations
The Federal Energy Regulatory Commission (FERC) has authorised the start of the 488-km pipeline, which has been delayed by legal wrangling for almost a decade since it was first proposed.
Oilsands CEOs support carbon tax, dislike Canada’s proposed emissions cap
In Canada, the largest oilsands producers support a carbon tax but dislike a proposed oil and gas emissions cap, the companies’ top executives told Ottawa lawmakers recently.
US oil production flattens, says EIA
US crude oil production will grow by just 2% from 2023 to an annual average of 13.2mn barrels per day in 2024 and by another 4% in 2025 to 13.7mn bpd, says a new forecast by the Energy Information Administration.
The climate case for US LNG
The research may provide a compelling reason for the US pause on LNG approvals to be lifted.
Freeport LNG files lawsuit against three contractors over equipment defects
US LNG developer Freeport LNG has opened a lawsuit against three contractors, claiming installation defects in equipment at its Texas facility led to prolonged outages.
Mexico Pacific reveals plans to invest a further $15bn in LNG projects in northern Mexico
Mexico Pacific Limited has unveiled bold ambitions to become a bigger player in the global LNG market with the announcement that a $15bn investment will be made in LNG projects in northern Mexico over the next two to three years.
Venture Global ordered to reveal confidential information to customers in contract dispute
US LNG upstart Venture Global has been ordered by federal regulators to disclose confidential information to its Calcasieu Pass customers in the latest development in the long-running dispute.
Citgo’s Corpus Christi refinery draws intense interest ahead of court auction
Citgo Petroleum’s smallest refinery in Corpus Christi, Texas, has garnered significant attention ahead of this week’s court auction aimed at resolving over $20bn in Venezuela-related claims, according to sources.
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