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In 2024, Argentina recorded 99 M&A deals, the highest since 2019, with transaction values reaching $8 billion—the largest amount since 2017, PwC data showed. Despite the surge, investors remain cautious due to lingering dividend repatriation restrictions and high country risk.
Upstream merger and acquisition (M&A) activity fell sharply in early 2025, although gas deals are proving attractive, according to new research from Rystad Energy Global deal value plunged 39% from the fourth quarter of 2024 to just US$28bn in the first quarter of 2025 – less than half the US$6bn recorded in the same period a year earlier.
COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.” COG said it owned the produced water and sued, the trial court agreed with COG, and the court of appeals affirmed.
This new system, known as the EU ETS2, will focus on upstream emissions, targeting fuel suppliers instead of end consumers. Furthermore, Porthos secured direct funding from the Netherlands government in 2018 and the European Commission in 2019, along with revenue assurance from the Renewable Energy Production Incentive Scheme (SDE++) in 2021.
Ahara marks QatarEnergy’s entry into Algeria’s upstream sector, QatarEnergy said separately. However, TotalEnergies that year exited the Sonatrach Total Entreprise de Polymeres joint venture formed 2019 to explore a petrochemical project in Arzew in the northwest of Algeria.
operated Buzzard field, which started production 2007; an operating stake of 65.11percent in Mariner, online since 2019; and an 80 percent operating stake in Rosebank, expected to come onstream 2026. Adura will include Equinor’s 29.89 percent stake in the CNOOC Ltd.-operated Shell will contribute its 27.97
As 2025 enters its second half, ExxonMobil stands at a critical juncture—leveraging its scale, technology, and capital discipline to drive upstream growth, especially in the Permian Basin. From advanced fracking to record production, here are the top 5 strategic priorities that will shape ExxonMobil’s momentum through year-end.
“The data will now be subject to further analysis, and the results will become part of the basis for future decisions regarding investment in the Havstjerne storage project” Upstream oil and gas player Harbour owns 60 percent of EXL006 and is operator through Harbour Energy Norge AS. Stell Maris CCS AS holds 40 percent.
Data showed that provincial emissions from venting and flaring at upstream oil facilities fell by 71 percent compared to 2015 levels, and by 13 percent compared to 2023 levels, according to a separate statement. The OGEMR annual report found that emissions from reported venting and flaring at upstream oil facilities had been reduced by 7.7
Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. energy producers, and more than 40,000 suppliers.
In a major reset back to oil and gas, BP said in February that it would increase its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year. Norwegian national Lund became BP chair in 2019.
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released on April 23 its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values.
The significant capital reallocation away from renewables and towards the upstream marks a complete U-turn from the strategy set out by former CEO Bernard Looney in 2020 when he pledged to reinvent BP, cutting upstream output by 40% versus 2019 levels by 2030, from 2.6mn boe/d to just 1.5mn boe/d (MEES, 7 August 2020).
On March 29, 2019, the U.S. Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and natural gas exploration and production facilities. 19618 (April 11, 2000), and Interim Approach to Applying the Audit Policy to New Owners, 73 Fed. 44991 (Aug.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. While major gas deposits were found in the Outeniqua Basin in 2019 and 2020, operational challenges have impacted development.
Sin embargo, solo dos funcionarios han sido sancionados por estos actos, uno en 2019 y otro en 2025 , ambos con rescisin de contrato como nica medida punitiva. El mayor nmero de afectados se registr en 2021 , con diez personas estafadas, y el periodo 2019-2024 concentr el grueso del fraude, con 37 vctimas.
Entre 2019 y 2025, Pemex registr 178 denuncias por delitos en altamar. Entre 2019 y febrero de 2025, al menos 178 denuncias por delitos en plataformas y embarcaciones de Pemex han sido registradas oficialmente, revelando un panorama crtico de seguridad en altamar.
with ConocoPhillips, Diamondback Energy and Occidental Petroleum cumulatively spending more than $85 billion on assets since 2020 and more than $140 billion including Occidentals 2019 acquisition of Anadarko Petroleum. He specializes in deal analysis, research and valuations for upstream assets and tracks industry M&A trends and outlooks.
A Strategic Fit: Scout Energy & High River Resources Scout Energy Management LLC Established in 2009 and headquartered in Dallas, Scout Energy Management LLC is a private energy investment manager specializing in the acquisition, operation, and enhancement of upstream energy assets and associated midstream infrastructure.
Dealy shared that the company has made significant progress in reducing flaring , a key environmental concern in the region: Flaring intensity dropped from 4% in 2019 to ~1% in 2024 (Jan-Oct), supporting ExxonMobils goal of achieving net-zero flaring by 2030.
On January 3, 2019, the M/V STRANDJA and the M/V KIEFFER E. With a compulsory pilot aboard, the STRANDJA, facing upstream, was preparing to get underway by heaving her anchors. The Court’s decision is based upon the exception carved by Congress in 46 U.S.C. BAILEY collided on the Mississippi River.
billion of structural cost savings since 2019. Mike Wirth, Chevron CEO Wood Mac data shows that weve got the lowest upstream breakeven in the industry. Structural Cost Reduction: The Cornerstone of Shale Success ExxonMobil stands out in its aggressive approach to structural cost savings. This far exceeds anyone else in the industry.
In 2019, the EU emitted 4,065,462,000 tonnes* of greenhouse gases. The EUs Green Deal sets clear targets for CO2 reduction: the EU aims to become climate neutral by 2050. The building sector accounts for a significant share of around one-third of all primary energy consumption, 80% of which is attributable to heating water.
La capacidad de refinación en la OCDE aumentó por primera vez desde 2019 en 0,16 mb/d interanual , ya que los aumentos en la región OCDE de las Américas se vieron compensados por los cierres en la región OCDE de Europa y la región OCDE de Asia Pacífico.
Over time, the proportion of imports that are easier to rearrange (lower ratios) remains relatively stable, with a slight increase in the average rearrangement ratio observed about 2019. But at the same time, acting first can have advantages. Of course, governments themselves may also shift the trade landscape over time.
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