Building it Up.

EIA highlights a rise in crude inventories, TotalEnergies sells asset to Hibiscus, SLB does a carbon capture deal.

Author

Rob Quigley
June 17, 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:

U.S. crude fuel inventories rose significantly last week, according to the EIA, highlighting shifts in market dynamics.

U.S. crude fuel inventories rose significantly last week, according to the EIA, highlighting shifts in market dynamics.

U.S. crude stockpiles rose unexpectedly last week, driven largely by a jump in imports, while fuel inventories also increased, the Energy Information Administration (EIA) said on Wednesday.

www.reuters.com/markets/commodities/us-crude-fuel-inventories-rose-last-week-eia-says-2024-06-12

Hibiscus Petroleum acquires TotalEnergies' Brunei subsidiary.(OGJ)

SLB and Aker Carbon Capture close $380MM joint venture.(Hart Energy)

North Sea platform demolished after 48 yrs in the sea.(Yahoo)

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

Deal Flow

M&A/Investment

  • Hibiscus Petroleum to acquire TotalEnergies' Brunei subsidiary for $259MM.(OGJ)

  • Saturn Oil & Gas Inc. announces closing of the Saskatchewan Asset Acquisition.(Newswire)

  • SLB and Aker Carbon Capture close $380MM joint venture.(Hart Energy)

  • Valeura purchases FSO offshore Thailand.(Hart Energy)

IPO/Direct Listing/Issuances/Block Trades

  • No deals that match this criteria

Debt

  • Avila Energy Corporation announces private placement offering of up to $2.4MM.(BOE Report)

SPAC

  • No deals that match this criteria

Bankruptcy/Restructuring/Distressed

  • No deals that match this criteria

Fundraising

  • No deals that match this criteria

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