Five Finance Issues to Watch in 2024
Besides consolidation, high yield bond debt refinancing and fossil fuel divestment legislation in California should be on your radar.
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Besides consolidation, high yield bond debt refinancing and fossil fuel divestment legislation in California should be on your radar.
By value, Occidental Petroleum’s Dec. 11 deal for CrownRock, combined with other private-equity exits, totaled about $30 billion in 2023.
Utility industry news and analysis for energy professionals.
U.S. supermajor Chevron Corp. is acquiring Hess Corp. in a $53 billion megadeal—less than two weeks after Exxon Mobil unveiled a nearly $60 billion Permian Basin acquisition. And experts think the historic run of oil patch consolidation is far from over.
According to analysis from Enverus Intelligence, in the first nine months of 2023, U.S. LNG developers signed 14 long-term sales and purchase agreements totaling 19.65 mtpa (million tonnes per annum). That pace is far slower than in 2022 when Russia invaded Ukraine and set off a mass scramble by Europe to secure natgas supplies anywhere