Day: January 7, 2024

Takeover talk triggers rally at beleaguered BP

Energy News Beat Takeover chatter dominated trading rooms as speculation swirled that BP could be a target this year amid chaos at the oil giant. Rumours that rival energy major Shell could be a candidate for a mega-merger with BP went into overdrive in the City. US firm Chevron, which bought competitor Hess for £42bn last […]

ENB Deal Spotlight #3: A Minerals Deal Evaluation: A Comprehensive Guide and Live Analysis – LaCava County, Baytex wells, and are they worth the asking price?

Energy News Beat Minerals Deal Evaluation: A Comprehensive Guide and Live Analysis Michael and Stu take a look at a Minerals deal and analyze the asking price, and show how fast you can look at a minerals deal. A shout out to EnergyNet, an acquisition and divestment platform for the land energy industry. https://www.energynet.com/ We […]

Southwestern, Chesapeake Near $17 Billion Merger

Energy News Beat Southwestern Energy SWN 7.34%increase; green up pointing triangle  and Chesapeake Energy CHK 2.91%increase; green up pointing triangle  are close to a merger that would create a roughly $17 billion company ranking as one of the largest natural-gas producers in the U.S. A deal could come together as soon as next week, according to people familiar with the situation, […]

A Natural Gas Plant Guarding US Northeast From Winter Blackouts Is at Risk – Consumers at mortal risk

Energy News Beat (Bloomberg) — A natural gas terminal that’s been operating for more than half a century has been a crucial safeguard against blackouts when bone-chilling cold hits the US Northeast. In less than five months, it’s slated to shut forever. The Everett gas import plant near Boston is at risk of closing in […]