Colin Parfitt, the president of midstream for Chevron, said U.S. permitting can be slow and the LNG has only exacerbated concerns about moving Permian gas to Gulf Coast export terminals.
No Rush: Post-M&A Frenzy, Divestiture Market to Pick Up by 2025 Lenders with a variety of capital structures are poised to fund the upcoming portfolio rationalization in the post-consolidation era, bankers and deal advisers said at Hart Energy’s Energy Capital Conference.
Roughly seven years after McDermott International acquired CB&I for $6 billion, the storage solutions business is being sold to a consortium led by Mason Capital Management.
Woodside Energy has said it expects to close the acquisition of Tellurian, and its Driftwood LNG permitted facility, by December.
Given last week’s price increase, Stratas Advisors estimates that the oil market is placing about a 10% probability that the conflict between Israel and Iran will result in a disruption to the flow of oil.
Chevron said the divestitures are part of its plans to sell $10 billion to $15 billion worth of assets by 2028 following the company’s acquisition of Hess Corp. for $53 billion.
Martin Resources Management will pay $132 for Martin Midstream, which it had previously spun off, after a pair of New York capital groups counteroffered at a higher price.
Utica Shale E&P Infinity Natural Resources has not yet set a price or disclosed the number of shares it intends to offer.
Kimmeridge’s Dell: Every US Basin Contains Both High-quality Inventory, Risk Inventory management is a problem for the E&P space, no matter the basin, said Kimmeridge Energy Management’s Ben Dell at Hart Energy’s Energy Capital Conference in Dallas.