It might’ve cost an arm and a leg—not to mention many billion bucks—for Houston-based Chevron to finally get the keys to its stake in Guyana following its acquisition of Hess in 2023. But after all the disputes, hair pulling, and lawyers growing fat, the world’s second-largest oil and gas operator behind ExxonMobil, Chevron finds itself in a most fascinating situation. ...
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There are inevitable changes that come with oil and gas mergers, large and small. Certainly, those within the scope of Okla. City-based Devon Energy and Houston-based Coterra Energy, a $58 billion combination that will likely create the second-largest independent E&P following ConocoPhillips. ...
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Following last week’s $7.53 billion Mitsubishi Corp’s acquisition of Aethon Energy’s Haynesville gas assets, more mergers of equals are rumored to be in the works and predicted to accelerate this year....
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In a 2017 Forbes article, writer Robert Rapier escorted the magazine’s audience on a fascinating tour of “How the Shale Boom Turned the World Upside Down”. If you recall, the nation’s oil and gas production had long ago peaked with conventional drilling and by 2005, we were in a full-blown energy crisis highly dependent on Venezuela and Saudi Arabia oil imports. And natural gas? Well, the only solution here with certainty according to one energy investor was “to pray.” ...
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Following the ouster of Maduro, there’s a whole lot of political debris reining down in Venezuela. But along with the billions required to restore the country’s infrastructure and increase production, Venezuela also has become a golden fleece for oil wildcatters willing to risk big commitments for big rewards in an unstable environment. ...
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Leave it to a global oil event to suck all the oxygen out of the world’s newsrooms. And so it has again. The U.S. capture of Venezuelan President Nicolấs Maduro and his missus from their fortified Caracas compound has attracted more attention than a rat on a Cheeto....
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