First Things First:

Chevron's $2 billion offshore exploration deal with Equatorial Guinea aims to bolster production and expand their global footprint.

Daily Headlines

• Chevron-Hess deal may stall over ExxonMobil's claim offshore Guyana.(World Oil)

• US EPA announces $850M to reduce methane pollution from oil and gas sector.(Clean Technica)

• Canada’s anti-greenwashing bill to create chaos for oil and gas industry.(World Oil)

• North Sea oil and gas not safe with Labour, says Sunak.(Telegraph)

• Fears of Israel-Hezbollah war leave oil markets on edge.(Oil Price)

• Chevron inks $2 billion offshore exploration deal with Equatorial Guinea.(World Oil)

• Oil prices climb out of contango as summer demand kicks in.(Oil Price)

• UK banks no longer finance nation’s small oil and gas producers.(Rigzone)

• US natgas prices ease to 2-week low on rising output.(Hart Energy)

• US natgas flows fall to 11-month low at Cheniere Sabine Pass.(Oil and Gas 360)

• Canada’s emissions cap report prompts industry pushback.(CBC)

• Canadian banks to halt financing oil sands projects.(CBC)

• Nigeria to paralyze oil industry if China fails to cancel $400M loan.(Upstream Online)

• Citi forecasts oil price drop to $60s by 2025.(Oil Price)

• ExxonMobil quits $600M Australian gas field sale.(Reuters)

• EIA forecasts rise in US crude oil production.(EIA)

• BP discovers gas in Egyptian Nile Delta.(Upstream Online)

• Petrovietnam and K-SURE to support Korean participation in Vietnam projects.(Natural Gas World)

Deal Flow

M&A/Investment

• Chevron inks $2 billion offshore exploration deal with Equatorial Guinea to bolster production.(World Oil)

• Kinder Morgan acquires $100mm oil and gas assets from Avad Energy in Crane County.(PB Oil and Gas Magazine)

• BP strengthens its renewable energy portfolio by acquiring a biofuels JV stake.(Offshore Technology)

• Oneok's acquisition of Gulf Coast NGL pipeline system from Easton Energy for $280mm enhances its asset base.(Pipeline Journal)

• Genting's new acquisition bolsters its position in the Chinese gas power market.(Natural Gas World)

IPO/Direct Listing/Issuances/Block Trades

• No deals match this criteria

Debt

• Strike Energy refinances A$153 million for its Perth Basin development.(Natural Gas World)

SPAC

• No deals match this criteria.

Bankruptcy/Restructuring/Distressed

• No deals match this criteria.

Fundraising

• Molten Industries secures $25 million in Series A funding to fuel growth.(FinSMEs)

Only the Finest, Refined Memes:

Meme of the Day: #3

Meme of the Day: #2

Meme of the Day: #1