Another Delay for CVX/Hess

FTC delays Chevron-Hess deal pending ExxonMobil arbitration; APA sells Midland Basin and Eagle Ford assets for $660 million; Sanctions halt over 50 Russian oil tankers, affecting supply chains; Finding Top Tier Undrilled Acreage Amidst the Land Rush for Remaining Inventory.

Author

Rob Quigley
July 12, 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:

FTC delays Chevron-Hess deal pending ExxonMobil arbitration.

BREAKING NEWS: FTC to delay $53 billion Chevron-Hess deal until after ExxonMobil arbitration over assets offshore Guyana - Oil & Gas 360

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

www.oilandgas360.com/breaking-news-ftc-to-delay-53-billion-chevron-hess-deal-until-after-exxonmobil-arbitration-over-assets-offshore-guyana

APA sells Midland Basin and Eagle Ford assets for $660 million HartEnergy.com.

Sanctions halt over 50 Russian oil tankers, affecting supply chains OilPrice.com.

Finding Top Tier Undrilled Acreage Amidst the Land Rush for Remaining Inventory Enverus.

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

  • Finding Top Tier Undrilled Acreage Amidst the Land Rush for Remaining Inventory Enverus.

  • Sanctions strand over 50 Russian oil tankers OilPrice.com.

  • Wildfires threaten production from Canadian oil sands WorldOil.com.

  • California refiners see margins shrink despite capacity decline OilPrice.com.

  • UK bans new drilling in North Sea OilPrice.com.

  • TotalEnergies joins Ruwais LNG project in UAE HartEnergy.com.

Deal Flow

M&A/Investment

  • FTC delays $53 billion Chevron-Hess deal pending ExxonMobil arbitration OilAndGas360.com.

  • APA closes Midland Basin and Eagle Ford divestitures for $660 million HartEnergy.com.

  • Canada Growth Fund invests in Strathcona’s oil sands carbon capture initiatives OilAndGas360.com.

  • Enagas sells stake in US pipeline operator for hydrogen investments Pipeline-Journal.net.

  • Premier Oil highlights financing partnership with Shell at Invest in African Energy (EnergyChamber.org).

IPO/Direct Listing/Issuances/Block Trades

  • Aramco secures $31 billion in orders for bond offering (OilPrice.com).

  • Reliance Industries unit plans over $500 million offshore loan (Bloomberg.com).

Debt

  • No deals that match the criteria.

SPAC

  • No deals that match the criteria.

Bankruptcy/Restructuring/Distressed

  • No deals that match the criteria.

Fundraising

  • No deals that match the criteria.

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