Harbour Energy’s Post

📌Harbour Energy acquires Wintershall Dea for $11 billions. Completion of the acquisition is expected to occur in fourth-quarter 2024. ℹ️Harbour Energy has reached an agreement with BASF and LetterOne the #shareholders of Wintershall Dea AG, for the #acquisition of substantially all of Wintershall Dea’s #upstream #assets for $11.2 billion. ➡️The target portfolio includes all of Wintershall Dea’s upstream assets in #Norway, #Germany, #Denmark, #Argentina, #Mexico, #Egypt, #libya and #algeria as well as Wintershall Dea’s #co2 #capture and #storage (CCS) licences in #Europe. Wintershall Dea's Russian assets are excluded. ➡️More details ▶︎ https://lnkd.in/d83mn_74

Immensely proud to be part of this chapter in Harbour Energy’s history and witness the completion of the deal to acquire Wintershall Dea. It has been 8 months since the deal was announced, involving a lot of hard work from both sides to reach completion and transition readiness. My heartfelt thanks to Harbour for the opportunity to be part of this journey, and great appreciation to my WDEA colleagues for their professionalism and hard work in helping us to get to where we are today. Quoting Alexander's post: What does this mean for Harbour Energy? - Scale and diversification: Triples our production to c.475 kboepd, adding material positions in Norway, Germany, Argentina, Mexico and North Africa - High quality resilient asset base: Adds 1.1 bnboe of 2P reserves at c.$10/boe and extends reserve life to c. 8 years, while at the same time improves our margins - Supports the energy transition: lowers GHG intensity, enabled by dominant Norway position, and expands our already strong CCS position into new European markets - Financial strength and sustainable returns: Expected to deliver investment grade credit ratings and support enhanced shareholder returns over the long run This acquisition positions #HarbourEnergy as one of the world’s largest and most geographically diverse independent oil & gas companies. For more information on the completion of the transaction, please go to https://lnkd.in/dW-uAuEk #WeAreHarbour

What are the Educational, Health, or Economic Benefits to these Players and their Families for that kids uncompensated participation in any additional “NON-SCHOLARSHIP” private third-party postseason football games that pay the Universities and the Conferences for the use of their free labor to put on these highly profitable Bowl events. The answer is ZERO! These additional 1-5 POSTSEASON games are also above the Players’ 12 game athletic scholarship agreement? Our Proposal offers Major Benefits in all three Categories to the Players and their Families! Scholarship Football Players are owed Hundreds of Millions of dollars from this year’s Media contract that uses these Players’ Name, Image, and Likeness NIL without any equitable financial consideration to the Players or their Families! This lost Money could have a major impact on these Players lives, the lives of their current and future family members for generations? We do not support, or agree with the House vs NCAA Settlement or the current covert attempts to extend and expand this Antitrust exploitation of our young (mostly minority) FB & BB Players' labor that the US Supreme Court and Federal District Court have recently struck down as illegal and implausible.

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📢 Webinar Tomorrow: Don't miss our deep dive into Devon Energy's game-changing acquisition of Grayson Mill Energy's Bakken assets. We'll unpack the strategic rationale behind this $5B move, comparing Bakken to Permian potential, assessing portfolio impacts, and breaking down operational synergies. Register here: https://lnkd.in/gYpG3wk5 Brandon M. #oott #oilgas #acquisition #acquisitionanalysis #bakken #permian

Morgans is delighted to have acted as Joint Lead Manager to Empire Energy Group’s A$39 million Two-Tranche Placement. Sheffield Holdings LP and Liberty Energy have provided cornerstone support, with each investing US$5 million in the Placement. Empire Directors also demonstrated their continuing support for Empire by committing to invest an additional $325,000.   Empire is an active Beetaloo Sub-basin operator, focused on bringing its assets into production. Following the successful appraisal drilling and flow testing of the Carpentaria-2H and 3H wells in Empire's EP187, Empire is targeting first gas flow in H1 2025 at its Carpentaria Pilot Project. The Pilot has a targeted sales gas rate of up to 25 TJ per day utilising the existing McArthur River Pipeline.   Funds raised under the Offer will finance the drilling, stimulation and flow testing of a pilot development well with a 3km horizontal section and long-lead items for in-field infrastructure to progress the Company towards commencement of gas sales in 2025. #beetaloobasin #asx #EEG #Empireenergy #ecm #equityraising

Gren has ambitious growth plans to expand our business by actively searching for new efficient solutions and growth opportunities beyond the existing businesses. We build the concepts that best suit the customer's needs flexibly and competitively. We also take care of the technology development path far into the future. In Nordics, Gren focuses on responding to the transformation of the energy sector. Olavi Raunio will join Gren as Head of Nordics on June 17th, 2024. "Gren has achieved successful growth in the Baltics and expanding the business in the UK. In Nordics, Gren focuses on responding to the transformation of the energy sector, where new ways of sector integration are required, and industrial energy plays a key role in it. Olavi's strong track record of successfully generating value for customers via innovative investments will strengthen our operations in Nordics. We warmly welcome Olavi to Gren," says Ilkka Niiranen, CEO of Gren Group.   "The energy market is transforming in the Nordics. In the future, we will see more integrations and new solutions between different energy sectors and energy-consuming industries. I am happy to join Gren to lead the business delivery in the Nordics and to offer my support for sales and acquisitions as well," says Olavi Raunio. #wearegren #growth #growthstrategy

Energy Update: 26 July 2024 Helmerich & Payne to buy KCA Deutag for $1.97 billion to boost Middle East presence (Reuters)  Helmerich & Payne Inc. will acquire Britain's KCA Deutag International for $1.97bn, making the combined company one of the biggest rig providers in the Middle East, the companies said. Oilfield service providers have, in recent quarters, bet on growth overseas as well as on deepwater projects to offset weak demand in North America. The deal will increase H&P's Middle East rig count to 88 from 12. The transaction, which will be funded with cash on hand and new borrowings, is expected to close before the end of the year.    Join the energy leaders — book your stand today: https://lnkd.in/dZmREi29 

Next step taken: we are pleased to announce that the business structure for our LNG terminal Wilhelmshaven 2 is complete. Specialized Lithuanian company KN Energies has been contracted to take over the tasks of technical operation and maintenance at the terminal, which is currently under construction. Dr Peter Röttgen, DET Managing Director: "We are pleased to have found an experienced service provider for Operations and Maintenance at our Wilhelmshaven 2 site, with whom we already have a good cooperation. This enables good synergies within our project for the security of supply in Germany and Europe." Commissioning of the new terminal is expected in the second half of 2024. DET is responsible for the overall operational management. Read our full news release here: https://lnkd.in/etNCJ7_c DET Deutsche Energy Terminal GmbH KN Energies #wilhelmshaven #brunsbüttel #stade #Versorgungssicherheit #operations #maintenance #energysecurity #securityofsupply #FSRU #LNG #Deutschland #Germany #Europa #Europe

The flurry of M&A continues on the Midstream Pipeline front, as today EQT Corporation agreed to buy Equitrans Midstream Corporation. 6 years ago, they spun out Equitrans, so the re-acquisition may be a sign that integration of upstream, midstream, and downstream is coming back into vogue. #pipelines #naturalgas #midstream