Buffett Bets More On Vicki

Berkshire Hathaway ups Occidental stake amid oil optimism, Shell to acquire Pavilion Energy, expanding its LNG portfolio, US crude inventories drop significantly, boosting oil prices, Why O&G Infrastructure Investment Is Soaring While Production Growth Is Flat

Author

Rob Quigley
June 19, 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:

Berkshire Hathaway increases its stake in Occidental Petroleum, demonstrating confidence in the oil giant's future prospects.

Warren Buffett's firm buys more shares in Occidental for $435 million

Berkshire Hathaway has gone on a buying spree of Houston-based Occidental's shares after launching a new lithium venture with the company.


https://www.bizjournals.com/houston/news/2024/06/18/warren-buffett-berkshire-hathaway-occidental-stock.html?ana=RSS&s=article_search

Shell to acquire Pavilion Energy, expanding its LNG portfolio Bloomberg.com .

US crude inventories drop significantly, boosting oil prices OilPrice.com .

Why O&G Infrastructure Investment Is Soaring While Production Growth Is Flat RBN Energy .

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

  • Robust Permian Output, OPEC Spare Capacity to Keep Brent at $75-90/bbl Ceiling, Goldman Says Boereport.

  • Phillips 66 Seeing Tightened Margins Following Trans Mountain Oil Pipeline Start-Up BOE Report .

  • Why O&G Infrastructure Investment Is Soaring While Production Growth Is Flat RBN Energy .

  • Berkshire Hathaway ups Occidental stake BizJournals.com.

  • UK could beat oil production forecast by 30% with $21.5B investments WorldOil.com.

  • Vital Reports Record Production in Q1, Including Upton Horseshoe of 23,650 Feet PBOilAndGasMagazine.

  • Natural Gas Impact Tax Returns Near $180 Million in 2023 Marcellus Coalition.

  • Norwegian oil production rises despite challenges HartEnergy.com.

  • Technip Energies to develop Kazakhstan oil field WorldOil.com.

  • Oceana sees legal challenges in oil licensing BusinessGreen.com.

  • Why O&G Infrastructure Investment Is Soaring While Production Growth Is Flat RBN Energy.

Deal Flow

M&A/Investment

IPO/Direct Listing/Issuances/Block Trades

  • Berkshire Hathaway increases stake in Occidental BizJournals.com.

  • NextEra plans to sell $2 billion in equity units CNBC.

  • Cheniere increases share repurchase budget to $4B through 2027 HartEnergy.

Debt

  • No deals match this criteria.

SPAC

  • No deals match this criteria.

Bankruptcy/Restructuring/Distressed

  • No deals match this criteria.

Fundraising

  • No deals match this criteria

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