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Investors show faith in larger oil producers; Total to buy stake in Arctic LNG 2


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Investors show faith in larger oil producers; Total to buy stake in Arctic LNG 2

Natural gas/oil M&A news

Institutional investors show faith in larger oil-heavy independent producers

Led by big purchases of stock in Diamondback Energy Inc. and Encana Corp., institutional investors tended to buy into the larger shale oil producers in the fourth quarter of 2018.

Large investors went on Energy Transfer buying spree in Q4

Institutional investors loaded up on Energy Transfer LP stock during the fourth quarter of 2018 as the energy pipeline heavyweight completed a corporate reorganization, an S&P Global Market Intelligence analysis of U.S. Securities and Exchange Commission filings shows.

Permian drillers temper zeal for growth amid low oil prices, investor caution

The Permian saw several big deals in 2018 and observers believe more consolidation is necessary, but there was very little discussion of M&A activity during the latest round of earnings calls.

Antero's midstream MLPs get shareholder approval for simplification deal

Antero Midstream Partners LP's common unit holders and Antero Midstream GP LP's shareholders approved a simplification deal between the partnerships, bringing the transaction one step closer to completion.

Total to buy 10% stake in Novatek's Arctic LNG 2 project

TOTAL SA, the Paris-based integrated oil and gas company, said March 5 that it signed definitive agreements with Russian independent oil and gas company PAO Novatek to buy a direct 10% interest in Arctic LNG 2, a liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia.

Saudi Aramco still eyes growth in US refining, despite chill in bilateral ties

Strained political relations with the U.S. have not dampened Saudi Arabian Oil Co.'s plans to expand its Port Arthur, Texas, refinery and seek further acquisitions, according to a top official with the Saudi state oil company, who said the U.S. remains a core strategic focus.

Report: Brookfield Asset considers acquisition of Brazil's Sabesp, Petrobras

Canada's Brookfield Asset Management Inc. is looking at a number of acquisition targets in Brazil, including state-controlled companies Sabesp and Petróleo Brasileiro SA - Petrobras, or Petrobras, Reuters reported, citing a source familiar with the plans.

Hess closes sale of Bakken water business to midstream JV for $225M

Hess Infrastructure Partners LP, a midstream energy joint venture between Hess Corp. and Global Infrastructure Partners, completed its acquisition of Hess Corp.'s water services business in the Bakken Shale for $225 million in cash.

Kinderhook-backed Intergulf purchases Beaver Oil

Intergulf Corp. bought Beaver Oil Co. Inc., marking its second add-on acquisition. The acquisition enables Intergulf to enter into the hazardous liquids market in Chicago, boosts its wastewater processing capacity and creates opportunities for its co-products processing capabilities.

Gibson Energy to expand Hardisty oil storage terminal by 500,000 barrels

Gibson Energy Inc. announced March 1 that it will expand its Hardisty crude oil storage terminal in Alberta by 500,000 barrels, supported with a long-term agreement with an unnamed "investment grade customer."

Report: Carlyle in final talks to buy $3.4B stake in Spanish energy giant Cepsa

Carlyle Group LP is ahead of other competitors in talks around purchasing a 30% stake in Spanish energy company Compañía Española de Petróleos SAU, or Cepsa, for up to $3.4 billion dollars, Reuters reported March 5, citing three sources familiar with the matter.

Coal M&A news

TerraCom raises interest in Springsure to 87%

TerraCom Ltd. increased its ownership of Springsure Mining Pty. Ltd. to 87% after agreeing to acquire Springsure Investments Ltd.'s 51% interest. Springsure Mining owns a coal exploration area in Queensland, Australia, covering 34.2 square kilometers and comprising 11 sub-blocks.