Oil and gas upstream M&A deal value hits highest Q1 levels since 2017 An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as publicly traded companies take advantage of their high share price to gobble up smaller firms. https://lnkd.in/drk_Gd_G #TrioPetroleum #CaliforniaEnergy #SouthSalinasProject #InvestInCalifornia Trio Petroleum Corp (NYSE: TPET)
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Oil and gas upstream M&A deal value hits highest Q1 levels since 2017 An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as publicly traded companies take advantage of their high share price to gobble up smaller firms. https://lnkd.in/eMAac7vV #TrioPetroleum #CaliforniaEnergy #SouthSalinasProject #InvestInCalifornia Trio Petroleum Corp (NYSE: TPET)
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Sales Operations Business Development Professional. Fuels & Lubricants Additives. Industrial & Automotive Lubricants.
The oil and gas industry gets another mega-merger. As consolidation of companies extracting energy in the Permian Basin continues, Diamondback Energy announced plans to buy Endeavor Energy Partners, the area’s biggest privately held oil and gas producer, in a cash-and-stock deal valued at around $26 billion. It’s the latest acquisition as energy companies look to grow and secure drilling sites with high oil prices remaining high: Exxon Mobil is snapping up Pioneer Natural Resources in a $60 billion deal, and Chevron is buying Hess for $53 billion. For the Southwest region specifically, where the Permian Basin is located, the USGS estimates there are 147 billion barrels of technically recoverable crude oil resources and 17.8 billion barrels of proved reserves
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Public company proved oil and natural gas reserves were mostly unchanged in 2023. Global proved crude oil and natural gas reserves held by 175 publicly traded global exploration and production (E&P) companies increased by 2.0 billion barrels of oil equivalent (BOE) in 2023, or about 1%, according to data from the companies annual financial reports. http://ow.ly/AubT105F8F0
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Public company proved oil and natural gas reserves were mostly unchanged in 2023. Global proved crude oil and natural gas reserves held by 175 publicly traded global exploration and production (E&P) companies increased by 2.0 billion barrels of oil equivalent (BOE) in 2023, or about 1%, according to data from the companies annual financial reports. http://ow.ly/AubT105F8F0
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Explore top undervalued Oil & Gas - Exploration and Production stocks for March 11. Learn their value grades and industry insights. #investing READ: https://ow.ly/WllO50QQHnV
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Explore top undervalued Oil & Gas - Exploration and Production stocks for March 11. Learn their value grades and industry insights. #investing READ: https://ow.ly/yfu350QQHnU
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Impact Oil & Gas has signed a farmout agreement with #TotalEnergies for the sale of a 9.39% undivided participating interests in Block 2912, Petroleum Exploration Licence 91, and a 10.5% undivided participating interests in Block 2913B, Petroleum Exploration Licence 56. On completion of this transaction, Impact will hold a 9.5% interest in each of Blocks 2912 and 2913B. Impact will also be reimbursed in cash for its share of the past costs incurred on the Blocks, net to the farmout interests, which is estimated to be approximately USD 99 million. Full details in KeyFacts Energy this morning... https://lnkd.in/eACnnZFY
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Brazil🇧🇷 is set to invest R$10 billion in oil and gas exploration in 2024, marking a significant push in the global energy market. The National Petroleum Agency forecasts R$18.31 billion in total capital from 2024 to 2027, focusing heavily on offshore drilling and geophysical surveys. This move aligns with Brazil’s strategic goals within the BRICS framework.
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Chief Executive Officer at Africa is Home global/ director at bobble clothing/ professional scrum master
Brazil🇧🇷 is set to invest R$10 billion in oil and gas exploration in 2024, marking a significant push in the global energy market. The National Petroleum Agency forecasts R$18.31 billion in total capital from 2024 to 2027, focusing heavily on offshore drilling and geophysical surveys. This move aligns with Brazil’s strategic goals within the BRICS framework.
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The oil and gas industry is experiencing a historic consolidation wave, marking 2023 as a record-setting year with over $190 billion in upstream M&A. 🌎 The Permian takes center stage with mega-deals, but the landscape may shift in 2024, pushing companies to explore opportunities outside the U.S. 🛢️ https://lnkd.in/gY542Pgh #OilAndGasConsolidation #EnergyIndustry #MergersAndAcquisitions #PermianBasin #GlobalOpportunities
