+3.2 Billion BBL to Kuwait

Kuwait announces giant 3.2 billion bbl oil discovery; FTC scrutinizes $22.5B ConocoPhillips-Marathon deal; Banks still play a major role in oil and gas funding; Shell takes FID on 2.7 TCF Manatee gas field off Trinidad and Tobago.

Author

Rob Quigley
July 15, 2024

by VSO Petroleum Consultants. Oil and Gas industry news for those in the deal flow (Investors and A&D Professionals). Your daily source for the latest A&D/M&A news, industry news, and expert interviews.

First Things First:

Kuwait announces giant 3.2 billion bbl oil discovery

Kuwait announces 'giant' oil discovery

Kuwait announces a massive offshore oil discovery, significantly boosting its production capacity. This discovery is expected to play a key role in meeting future energy demands and solidifying Kuwait's position in the global oil market.

www.reuters.com/markets/commodities/kuwait-announces-giant-oil-discovery-2024-07-14

FTC scrutinizes $22.5B ConocoPhillips-Marathon deal.(OilandGas360)

Banks still play a major role in oil and gas funding.(OilPrice)

Shell takes FID on 2.7 TCF Manatee gas field off Trinidad and Tobago.(OGJ)

VSO is the go-to consulting firm for buy-side technical due diligence. We can handle all your technical evaluations or can be your spare capacity when you need overflow help. If you’re in the deal flow, let’s work together.

Daily Headlines

  • Kuwait announces giant 3.2 billion bbl oil discovery.(Reuters)

  • Shell takes FID on 2.7 TCF Manatee gas field off Trinidad and Tobago.(OGJ)

  • Banks still play a major role in oil and gas funding.(OilPrice)

  • Oil and gas are here to stay despite global energy transition.(OilPrice.com)

  • Federal bank survey finds decline in energy sector, concerns on regulations.(OKEnergyToday)

  • Japan builds gas markets in Asia to enhance LNG trading.(NaturalGasWorld)

  • Chevron adapts to meet future energy demands.(EnergyDigital)

  • US oil and gas drilling supports energy dominance.(Barron's)

  • Southeast Asia poised for $100 billion offshore gas boom.(BusinessInsider)

  • VLCCs to enter the Argentinian oil market.(HellenicShippingNews)

Deal Flow

M&A/Investment

  • ConocoPhillips and Marathon Oil receive second FTC request for $22.5 billion deal.(OilandGas360)

  • Canada to invest up to $1 billion in oil sands carbon capture project.(ESGToday)

IPO/Direct Listing/Issuances/Block Trades

  • No deals that match this criteria.

Debt

  • RNG firm secures $107 million loan for green projects.(Rigzone)

SPAC

  • Hydrogen energy firm Huture to go public in $1 billion SPAC deal.(Reuters)

Bankruptcy/Restructuring/Distressed

  • No deals that match this criteria.

Fundraising

  • No deals that match this criteria.

Our firm has been in the business of appraising oil and gas assets for nearly 30 years. We have always prioritized customer service, and we fully understand the technical and financial importance of our reports for numerous stakeholder groups. We are here to provide clear and accurate analysis that supports reserves and valuations you can trust.

Stan S. Valdez, P.E. President

Only the Finest, Refined Memes:

Meme of the Day: #3

Meme of the Day: #2

Meme of the Day: #1