Elon Is Long OIl

Elon Musk warns against vilifying the oil and gas industry; Marathon Oil investor challenges $17B ConocoPhillips deal, escalating legal tension in M&A; CrownRock seeks to generate $17 billion by selling Occidental Petroleum shares, marking a significant divestment; Tallgrass receives $843 million investment from Canadian pension plan to bolster its infrastructure assets.

Author

Rob Quigley
August 14, 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:

Elon Musk warns against vilifying the oil and gas industry.

Elon Musk Warns Against Vilifying the Oil and Gas Industry | OilPrice.com

Elon Musk, in an interview with Donald Trump, urged a less demonizing approach to the oil and gas industry while advocating for a gradual transition to sustainable energy.

oilprice.com/Energy/Energy-General/Elon-Musk-Warns-Against-Vilifying-the-Oil-and-Gas-Industry.html

Marathon Oil investor challenges $17B ConocoPhillips deal, escalating legal tension in M&A.(Oil & Gas 360)

CrownRock seeks to generate $17 billion by selling Occidental Petroleum shares, marking a significant divestment.(Oilprice)

Tallgrass receives $843 million investment from Canadian pension plan to bolster its infrastructure assets.(Hart 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

  • Elon Musk warns against vilifying the oil and gas industry.(Oilprice)

  • Marathon Oil investor sues to block $17 billion ConocoPhillips deal, a significant legal challenge in the U.S. M&A landscape.(Oil & Gas 360)

  • New Mexican president's reliance on Permian gas highlighted.(Hart Energy)

  • Exxon reports 59 layoffs in Texas post-Pioneer deal closure.(Natural Gas World)

  • Chevron begins production at its breakthrough Anchor project in the Gulf.(Daily Energy Insider)

  • Offshore decommissioning market set to grow by $2.5B by 2028.(PR Newswire)

Deal Flow

M&A/Investment

  • CrownRock seeks to generate $17 billion by selling Occidental Petroleum shares, marking a significant divestment.(Oilprice)

  • Tallgrass receives $843 million investment from Canadian pension plan to bolster its infrastructure assets.(Hart Energy)

  • International OFS Firm HMH Announces Plans for IPO Amidst M&A Activity.(Heartenergy)

  • OFS consolidation continues with Flowserve acquiring MOGAS in a strategic move within the oilfield services sector.(Hart Energy)

  • Talos buys interests in Monument GOM development as part of a strategic Gulf of Mexico expansion.(Hart Energy)

  • Norway advances $1 billion-plus acquisition of gas pipelines, marking a strategic move in energy security.(Upstream Online)

IPO/Direct Listing/Issuances/Block Trades

  • EQV Ventures raises $350 million in IPO to fund E&P and midstream M&A activity.(Hart Energy)

Fundraising

  • Chariot Oil & Gas secures $9 million in fundraising to expand its offshore exploration projects.(TipRanks)

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