Mergers, Acquisitions & Divestitures – Page 4

Chesapeake Energy and Southwestern Energy complete merger and provide third quarter earnings conference call Information, company rebranded as Expand Energy

October 1, 2024

(Oil & Gas 360) – OKLAHOMA CITY, Oct. 01, 2024 (GLOBE NEWSWIRE) — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today closed on their previously announced combination. The combined company has been rebranded as Expand Energy Corporation. Expand Energy’s common stock will commence public trading on the NASDAQ under the ticker “EXE” at the open of

FTC bars Hess CEO from joining Chevron board following $53 billion deal on OPEC collusion accusations

September 30, 2024

(World Oil) – U.S. regulators will allow Chevron to move forward with its $53 billion acquisition of Hess but are barring Chief Executive Officer John Hess from joining the supermajor’s board, saying he improperly communicated with OPEC. The U.S. Federal Trade Commission said in a statement Monday that Hess communicated with members of the group and its allies, encouraging them

Elliott Affiliate wins Citgo auction with $7.3 billion bid

September 30, 2024

(Yahoo Finance) – An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.’s parent company with a bid for $7.3 billion, clearing a key hurdle in the fund’s push to acquire an oil refiner that was once Venezuela’s largest foreign asset. The affiliate, Amber Energy Inc., submitted the best bid for Citgo’s US parent, PDV Holding, Robert Pincus,

BREAKING NEWS: Hess CEO will not join Chevron’s board following $53 billion merger in deal with FTC

September 27, 2024

(World Oil) – Chevron Corp. agreed that Hess Corp. Chief Executive Officer John Hess won’t join the company’s board as part of an agreement with the U.S. Federal Trade Commission, allowing the companies’ merger to proceed, people familiar with the matter said. The condition allows Chevron to move forward with its $53 billion acquisition of Hess, said the

Chesapeake Energy Corporation and Southwestern Energy Company combination expected to close in the first week of October

September 26, 2024

Oil & Gas 360 Hart-Scott-Rodino Act waiting period has expired Company to be rebranded as Expand Energy and trade on NASDAQ under “EXE” ticker symbol OKLAHOMA CITY and SPRING, Texas, Sept. 26, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced the waiting period in connection with the companies’ pending combination under the Hart-Scott-Rodino Antitrust Improvements Act

BREAKING NEWS: FTC to greenlight Chevron’s $53 billion Hess acquisition amid ExxonMobil arbitration

September 24, 2024

(World Oil) – The U.S. Federal Trade Commission is expected to greenlight Chevron Corp.’s $53 billion deal to buy Hess Corp., according to Reuters. The FTC could announce the decision as soon as this week, Reuters reported, citing people familiar with the matter. Chevron would still need to win an arbitration case filed by Exxon Mobil Corp. in order to close

UK’s VivoPower to combine with Canadian hydrogen technology firm in $1.13 bln deal

September 17, 2024

Yahoo Finance Power infrastructure developer VivoPower International said on Tuesday it has signed a non-binding agreement to merge with Canada’s Future Automotive Solutions and Technologies (FAST), which would create a $1.13 billion combined company. The agreement values VivoPower’s equity at $556 million and FAST at $578 million, and allows the companies an exclusive period of 90 days to reach a

Exclusive: Donovan & Co at EnerCom Denver-The Energy Investment Conference 2024

September 16, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Donovan Ventures was founded in 2007 to create strategic value for entrepreneurs across the energy value chain. We provide lower middle market growth capital through our dedicated private equity fund and

BP to sell its U.S. onshore wind business

September 16, 2024

CNBC BP plans to sell its U.S. onshore wind energy business, it announced on Monday, saying the assets were not aligned with its growth plans. BP said it will launch the sale process shortly for the wind assets, bp Wind Energy, which has interests in 10 operating onshore wind energy assets across seven U.S. states. “We believe the business is

APA announces agreement for $950 million asset sale of non-core properties in the Permian Basin

September 11, 2024

Oil and Gas 360 HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) announced today entry into an agreement for the sale of non-core producing properties in the Permian Basin to an undisclosed buyer for $950 million, prior to customary closing adjustments. The properties are located in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest

Mexico’s richest man Carlos Slim scoops more Talos shares following surprise CEO departure

September 9, 2024

World Oil (Bloomberg) – Carlos Slim, Latin America’s richest person, boosted his stake in U.S. oil and gas producer Talos Energy Inc. this week in the aftermath of a surprise exit by its founder and chief executive officer that sparked a drop in shares. Through his Control Empresarial de Capitales holding firm, Slim bought about 2.7 million shares this week

Exclusive: Lycos Energy at EnerCom Denver-The Energy Investment Conference 2024

September 4, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Lycos is an exploration, development and production company led by a team of technically experienced professionals taking a bold and disruptive approach to capture and capitalize on opportunities others have bypassed.

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