SLB Cuts Canada

SLB offloads Canadian Palliser Block for $430mm in a major asset shake-up; Saudi Aramco CEO says bullish on China and oil demand; California Mergin’: CRC-Aera Combination Creates Golden State ScaleBad Moon Rising - Oil Producers Focus on High-Grading Crude Portfolio as Gas Price Impact is Minimal; Rare Canadian crude shipment heads to Alaska amid market shifts

Author

Rob Quigley
October 21, 2024

Good morning and happy Monday! SLB announced a sale of their Canadian upstream assets for $430 mm. In other news Saudi Aramco CEO is bullish China and oil demand. Interesting note that there was a 'rare' Canadian crude shipment to Alaska. Good article talking about the shifting market that caused that. Let's drill down!

Daily Headlines

  • Saudi Aramco CEO says bullish on China and oil demand Reuters

  • California Mergin’: CRC-Aera Combination Creates Golden State Scale Hartenergy$$$

  • Bad Moon Rising - Oil Producers Focus on High-Grading Crude Portfolio as Gas Price Impact is Minimal RBN Enery LLC

  • Rare Canadian crude shipment heads to Alaska amid market shifts gCaptain

  • PA voters show strong support for natural gas expansion amid debates Marcellus Coalition

  • Texas natural-gas pipeline eases bottlenecks, paves way for higher shale output Reuters

Deal Flow

M&A/Investment

  • SLB sells Canadian upstream assets in Palliser Block to undisclosed buyer for $430mm as part of a portfolio realignment. Houston Business Journal$$$

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