Consolidation Payday for PE

Consolidation wave in US O&G is a boon for private equity; Family oil companies attract huge M&A attention; Eni eyes over $4 billion in upstream asset sale plan; Chevron supports Kazakhstan's natural gas growth with new partnership.

Author

Rob Quigley
July 02, 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:

Consolidation wave in US O&G is a boon for private equity.

Consolidation Wave in U.S. Oil and Gas is Big Boon for Private Equity | OilPrice.com

Private equity funds that stayed exposed to the oil and gas industry are making billions from their exits.

oilprice.com/Energy/Energy-General/Consolidation-Wave-in-US-Oil-and-Gas-is-Big-Boon-for-Private-Equity.html

Eni eyes over $4 billion in upstream asset sale plan Bloomberg.

Its relative family oil companies attract huge M&A attention Hart Energy.

Chevron supports Kazakhstan's natural gas growth with new partnership Upstream Online.

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Daily Headlines

  • Consolidation wave in US O&G is a boon for private equity Oil Price.

  • Its relative family oil companies attract huge M&A attention Hart Energy.

  • Chevron assists Kazakh in growing natural gas production Upstream Online.

  • Middle East O&G industry shows resilience in post-pandemic recovery Reuters.

  • Ukraine returns licenses to key independent gas producer Upstream Online.

  • China establishes state body for deep oil and gas drilling Natural Gas World.

  • Aethon closes $260MM deal for Tellurian's midstream assets Hart Energy.

  • NHHON allocates $4.8M to clean up orphaned oil wells NHONEWS .

  • U.S. sanctions three UAE shippers for carrying Iranian oil Rigzone.

Deal Flow

M&A/Investment

  • Eni eyes over $4 billion in upstream asset sale plan Bloomberg.

  • California Resources wraps $1.1B deal, becomes state's top oil producer Hart Energy

  • Aethon closes $260MM deal for Tellurian's gas midstream assets Hart Energy.

  • Vår Energi and Eni complete gas asset deal in Norway Offshore Technology.

  • Chevron to assist Kazakh plea to grow natural gas production Upstream Online.

IPO/Direct Listing/Issuances/Block Trades

  • No deals match this criteria.

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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