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As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ Here are four key ways AI is revolutionizing acreage strategy for upstream operators. Watch Now 2. The key to success?
“The government recognizes the complexities and high costs associated with the development of the Venus oil field by TotalEnergies,” Kornelia Shilunga, special adviser and head of upstream petroleum unit in the Namibian Presidency, said in a reply to questions.
(BOE Report) – Argentina’s mergers and acquisitions market could grow significantly in the coming years if President Javier Milei’s economic reforms continue, Juan Tripier, director of M&A and corporate finance at PricewaterhouseCoopers (PwC) Argentina, told Reuters.
Upstream natural gas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Saudi Arabia’s upstream oil and gas investment is the highest in the Middle East, and is set to reach US$40bn in 2025, nearly 15% higher than in 2015.
During his over 35 years with Shell, Henry held senior finance and management positions worldwide, serving as chief financial officer and board member from 2009 to 2017, BP noted. BP said Henry possesses extensive expertise and experience in global finance, strategy, governance, and management.
Prime Minister Mostafa Madbouly held a meeting to discuss various industry-related matters of significant importance with the Minister of Petroleum and Mineral Resources Karim Badawi, Minister of Finance Ahmed Kouchouk, and other Egyptian officials.
billion of finance to TotalEnergies’ $20 billion Mozambique LNG project. Source of the Problem? Friends of the Earth (FoE) — which will appeal the judgement — that wants to stop the UK government providing $1.15
"BP's discrete assets, both upstream and downstream, will no doubt capture large interest from a number of both energy and private equity players," he added. "That said, it seems unlikely that Adnoc would consider a full bid for BP as a whole given the company would not be strategically interested in BP's oil assets.
Standalone Mach Sabinal IKAV San Juan Pro Forma Mach Oil (MBbls/d) 20 10 – 30 NGLs (MBbls/d) 18 – 4 22 Natural Gas (MMcf/d) 258 2 336 596 Total Production (Mboe/d) 81 11 60 152 Commodity Mix 47% liquids / 53% gas 98% liquids / 2% gas 6% liquids / 94% gas 34% liquids / 66% gas Financing Total consideration for the Transactions is $1.3
Chief Finance and Investor Relations Officer, Olugbenga Oluwaniyi, stated that the company is engaging with prospective investor relations executives and investment banks to facilitate the process. Similarly, Angola’s NOC Sonangol has reaffirmed its intention to proceed with an IPO, offering up to 30% of its shares to the public.
“The government recognizes the complexities and high costs associated with the development of the Venus oil field by TotalEnergies,” Kornelia Shilunga, special adviser and head of upstream petroleum unit in the Namibian Presidency, said in a reply to questions.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
Viper, which is affiliated with upstream operator Diamondback Energy, has turned to an unusually active spree of deals to create a public mineral company with differentiated scale compared to peers. He specializes in deal analysis, research and valuations for upstream assets and tracks industry M&A trends and outlooks.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
Mark Young, Senior M&A Analyst with Evaluate Energy, examines the latest mergers and acquisitions activity in the upstream oil and gas sector, and M&A trends to watch in 2025 in a Q&A with Practical Law Finance at Thomson Reuters. The full discussion, which includes charted M&A data, is available forfree download here.
Financing Overview Consideration for the transactions totals $105 million comprised of the following (and as described more fully in Flotek’s April 28, 2025 Form 8-K filing with the Securities and Exchange Commission): $17.6 million funded by offsetting $17.6 ProFrac Holding Corp. SOURCE Flotek Industries, Inc.
He specializes in deal analysis, research and valuations for upstream assets and tracks industry M&A trends and outlooks. He has a BBA in Finance from Texas A&M University and a JD from The University of Texas School of Law.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
The deal was backed by a sustainability-linked term loan led by Breakwall Capital LP, with Sustainable Fitch providing a second-party opinion affirming the transactions alignment with global sustainable finance frameworks.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
Nasser, Aramcos president and CEO, noted that Aramco has made significant strides during the year on a number of projects and initiatives aimed at reinforcing its upstream pre-eminence, further integrating its downstream portfolio and developing the new energies business.
(NYSE: AMPY) (Amplify or the Company) announced that Institutional Shareholder Services (ISS), a leading independent proxy advisory firm, has recommended that shareholders vote FOR the Companys proposed merger with Juniper Capitals upstream Rocky Mountain portfolio companies.
(NYSE: AMPY) (Amplify or the Company) today announced an amendment to the existing terms of its previously disclosed Agreement and Plan of Merger with Juniper Capitals (Juniper) upstream Rocky Mountain portfolio companies. PV-10 should not be considered in isolation or as a substitute for the standardized measure as defined under GAAP.As
HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives.
upstream oil and gas sector totaled $105 billion in 2024, making it the third-highest annual total in history. Key Factors Behind the Decline: High interest rates and tighter financing conditions limited deal-making in 2024. Oil & Gas (2023-2025) Mergers and acquisitions (M&A) in the U.S.
This new system, known as the EU ETS2, will focus on upstream emissions, targeting fuel suppliers instead of end consumers. 55 Rafeal Servant, âEU finances Repsolâs CO2 storage facility off the coast of Tarragona,â Diari de Tarragona, October 23, 2024. CCS is already a robust process that can help these industries decarbonize.
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The buyers, mostly public companies, finance these acquisitions with cash on hand, stocks, and occasionally bank and public debt. From an equity standpoint, the recent sales have increased the need to fund new upstream and midstream companies. There are many buyers on the sidelines driving valuations up.
BP increased 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 in the highly anticipated strategy reset announced in February.
You can’t do ‘Drill, Baby, Drill’ overnight,” said Tom Seng, an assistant professor of energy finance at Texas Christian University in Fort Worth. For the upstream players to abandon capital discipline on a geopolitical event like this is unlikely,” said Dan Pickering, chief investment officer at Pickering Energy Partners in Houston.
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