Denver Petroleum Club’s Post

Assignments, Mergers, Transfers, and Acquisitions in the Oil and Gas Industry Section 95 of the Petroleum Industry Act, 2021, provides guidelines for assignments, mergers, transfers, Mortgage, Pladge and acquisitions in the oil and gas industry. Key Provisions: - Subsection (1): Assignment, transfer, or novation of a license or lease requires approval from the Minister, following a recommendation from the Commission. - Subsection (5): A licensee or lessee can mortgage, pledge, charge, assign (partly or wholly), or hypothecate their rights as security, subject to Commission approval. Differences between Subsections (1) and (5) 1. Instrument vs. Rights: Subsection (1) deals with the instrument itself, while Subsection (5) deals with the rights associated with the instrument. 2. Consent Requirements: Subsection (1) requires the Minister's consent, following a Commission recommendation, whereas Subsection (5) only requires Commission approval. 3. Transfer of Rights: Subsection (1) involves the transfer of the entire instrument, whereas Subsection (5) involves the transfer of only the right to use the instrument. Hussaini Usman Gwadabe ⚖️💯🙌🏿🙏🏿

Lexology In-Depth: Energy Mergers & Acquisitions, edition 5, edited by Sean T. Wheeler, Roald Nashi, Robert Fleishman and Ahmed Sidik of Kirkland & Ellis, is now available on Lexology: https://lnkd.in/ecyS75HA Lexology In-Depth: Energy Mergers & Acquisitions (formerly The Energy Mergers & Acquisitions Review) is an incisive overview of the legal and practical issues that arise in M&A transactions in the energy sector across major jurisdictions worldwide. With a focus on recent developments, it covers the key features of the relevant legal and regulatory frameworks; due diligence; financing; documentation; competition law issues; dispute resolution; and much more. #InDepth

Summary of the global upstream mergers and acquisitions (M&A) activity for the latter half of 2024 based on a recent Rystad Energy report. The report highlights key points indicating a resilient sector despite a decrease in M&A value in the first half of 2024 compared to the previous six months. - Over $147 billion of assets are currently on the market for M&A activities. - A 38% decrease in M&A value to $118 billion was noted in the first half of 2024 compared to the previous six months. - North America, particularly the US shale sector with nearly $30 billion in available assets, is expected to lead the trend of M&A activity. - Major companies like Chevron, ConocoPhillips, and Occidental Petroleum are involved in divestments, while Middle Eastern national oil companies are focusing on liquefied natural gas and gas expansion plans, boosting global M&A activity. The report suggests that global upstream M&A activity will remain robust in the latter half of 2024, indicating a positive outlook for the sector.

In the News: Another Merger Being Explored in the U.S. Shale Space 🌟 Discover the latest in the world of Corporate Law! Check out this insightful piece. 💡🌍 As mergers and acquisitions heat up in the U.S. shale industry, U.S. oil and gas producer Devon Energy is looking to purchase Enerplus, anonymous sources told Reuters on Thursday. 🔗 [Learn more: https://lnkd.in/gFnGFBwd] #Legal #Corporate #Business #Law

Mergers and acquisitions in the U.S. oil and gas industry went up by 57% last year, a report by Ernst & Young found. The increased consolidation activity followed record profits and intensified competition for a limited amount of untapped resources.

US oil and gas mergers and acquisitions hit a high last quarter. Will the competition stop? Of course not. You are either big enough and good enough to acquire anther company or so good at what you do that another company wants to acquire you. Either way, you know you are doing something right. Be the best as what YOU do and everything else will work out fine. Give us at Bell Supply Company a call and see how we can help you be even better. We have the inventory and we have the strategic locations filled with experienced professionals. #pvf #oilfield #distribution #valves #linepipe #fittings #supplychain #energy #materialmanagement

Mergers and acquisitions in the U.S. oil and gas industry went up by 57% last year, a report by Ernst & Young found. The increased consolidation activity followed record profits and intensified competition for a limited amount of untapped resources. Per the report, the value of M&A deals last year reached $49.2 billion, which was up from $31.4 billion for the previous year. The number was driven higher by a couple of so-called megadeals featuring Big Oil majors Exxon and Chevron. Exxon last year struck a deal to acquire Pioneer Natural…

Offshore wind's late-stage pipeline mergers & acquisitions, turbine orders, and project financial investment decisions saw record activity in 2023, according to new Wood Mackenzie analysis. https://lnkd.in/duABxu5H #offshorewind #renewableenergy #analysis

Check out my SAGA Course Workflows For Acquisition And Divestitures digital certificate issued by SAGA Wisdom via Sertifier! #sertifier #digitalbadge #digitalcertificate #digitalcredentials #divestitures #acquisitionprocesses

ENERGY SOUTH: Why U.S. Government Should Leave Oil and Gas Mergers Alone - Alex Epstein - Read More: https://hubs.la/Q02zGFnK0 O&G mergers are good for America because they increase domestic production, which makes oil cheaper and increases our national security. Government should get out of the way immediately. #mergers #mergersandacquisition #oilgas #oilandgascompanies #bidenadministration