Sunday, February 23, 2025

David French News

Sources say that RPT-Australian Woodside is in talks with three partners about Louisiana LNG.

Multiple sources have confirmed that Woodside Energy is in talks with several potential investors to buy stakes in the Louisiana liquefied gas plant. These include Tokyo Gas, Japan’s JERA, and Saudi Aramco-backed MidOcean Energy.

Sources: Woodside Australia is in talks with three partners about Louisiana LNG.

Multiple sources have confirmed that Woodside Energy is in talks with several potential investors to buy stakes in the Louisiana liquefied gas plant. These include Tokyo Gas, Japan’s JERA, and Saudi Aramco’s MidOcean Energy.

Sources say that RPT-Encino owner is considering a $7 billion sale and IPO.

CPP Investments, a Canadian pension fund, is considering strategic options for Encino Acquisition Partners, such as a sale or an initial public offering that could value Encino Acquisition Partners at up to $7 billion including debt.

Sources: Encino's owner is considering a $7 billion sale and the IPO of an energy producer.

CPP Investments, a Canadian pension fund, is considering strategic options for Encino Acquisition Partners, such as a sale or an initial public offering that could value Encino Acquisition Partners at up to $7 billion including debt.

Sources say that US energy company Talos is set to name Shell CEO Goodfellow its next CEO

Two people with knowledge of the matter confirmed on Sunday that Talos Energy is preparing to appoint veteran Shell executive Paul Goodfellow, as its new CEO. Sources said that the appointment of Goodfellow…

Bloomberg News: RPT Rio Tinto and Glencore are in early merger talks

Bloomberg News reported Thursday that Glencore and Rio Tinto have had early-stage discussions about merging their businesses. The report was based on people familiar with this matter. If successful…

Bloomberg News reports that Rio Tinto and Glencore are in early merger talks.

Bloomberg News reported Thursday that Glencore and Rio Tinto have had early-stage discussions about merging their businesses. The report was based on people familiar with this matter. If successful…

Sources say that Northern Oil and Gas is in the process of acquiring Granite Ridge, a smaller rival.

According to sources familiar with the situation, Northern Oil and Gas made a purchase offer for Granite Ridge Resources. Granite Ridge Resources is a small U.S. oil and gas producer that operates in the Permian and Eagle Ford basins.

Sources: Exxon will sell its older Permian assets for $1 billion to Hilcorp

Four sources with knowledge of the matter said that Exxon Mobil Corp, the top U.S. oil company, has agreed to sell its conventional oil drilling assets located in the Permian basins of Texas and New…

Woodside and Tokyo Gas discuss stake in US LNG Project

Tokyo Gas and Woodside Energy are in discussions about a possible stake in the multi-billion dollar Louisiana LNG export project. Two people familiar with these talks confirm this. Woodside, a major Australian oil and natural gas company…

Sources say ConocoPhillips is exploring the sale of Permian Shale assets worth more than $1 billion.

ConocoPhillips has been looking at selling some of its Permian basin shale assets worth more than $1billion, after two unsuccessful years of trying to sell the same assets. Houston-based oil producer…

Sources: Rio Tinto is in negotiations to purchase lithium miner Arcadium.

Rio Tinto is in talks with Arcadium to purchase its lithium mine, according to three sources who have direct knowledge of these negotiations. This would make Rio Tinto the third largest producer of battery metal for electric vehicles.

Sources say that Citizen Energy, a producer of shale oil and gas, will buy Validus in a deal worth more than $2 billion.

According to sources familiar with the situation, Validus Energy, a privately held oil and natural gas producer, has agreed to purchase Citizen Energy, a rival company, for over $2 billion including debt. The U.S.

Sources say that the owner of energy producer Maverick is interested in selling it for $3 billion.

According to sources familiar with the situation, the private equity owner of Maverick Natural Resources has been exploring the possibility of selling the U.S. oil-and-gas producer for a price that would be around $3 billion including debt.

Exxon in Advanced Talks for $60B Acquisition of Pioneer - Sources

Credit:  FreezeFrames/AdobeStock

Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer at about $60 billion, people familiar with the matter said on Thursday.

Shell Exits Permian with $9.5B Sale to ConocoPhillips. Its U.S. Output Now Mostly Offshore

Copyright
Jiri Buller/Shell

Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.For ConocoPhillips…

Buyers Reportedly Line-up for a Crack at Seadrill

© Elnur/AdobeStock

Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen…

Shale Pioneer Chesapeake Energy Files for Bankruptcy

Image Credit: Nightman1965 / AdobeStock

Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the…

Oilfield Services Giants Start Year with Asset Sales

Illustration - Image by pichitstocker - Adobe Stock

Schlumberger, Halliburton Co, and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three largest names in oilfield services seek to reshape their businesses and adjust…

Saudi Aramco Pursues IPO Planning Despite Attack

Saudi Aramco president and CEO 
Amin H. Nasser (Photo: Saudi Aramco)

Saudi Aramco is pressing ahead with its listing plans this week, although some investors and analysts doubt it can now meet its timeline as it has not said when oil output will be restored after attacks…

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