Who are the Foreign Oil & Gas Companies in US Shale Plays?
Over the past few years, M&A headlines have been dominated by foreign companies acquiring US shale acreage positions. How has this affected the overall landscape of the industry, and which...
View ArticlePKN Orlen Seeking Unconventional Knowhow in Canada to Aid Polish Shale Efforts
So far, 2013 has proven to be a difficult year for Poland and its shale gas ambitions; big foreign investors have withdrawn, wells have been generally disappointing and setting legislation has been a...
View ArticleOMV Deal Shows the Importance of the Johan Sverdrup Field to Norway
Statoil’s deal to sell a number of its stakes in North Sea assets to OMV (see table) for US$2.65 billion was based on their need to free up cash for the development of high-return core assets, with the...
View ArticleWho are the World’s Highest Risk Oil Producers?
Evaluate Energy has cut through the cacophony of different rating agencies’ (Note 1) sovereign and country rating risk rating systems to present their data in a single number. The resulting consensus...
View ArticleBig Oil Struggles in Q2 2013
Q2 2013 has proved to be a difficult quarter for the world’s major oil & gas companies. BP, Chevron (CVX), ExxonMobil (XOM), Royal Dutch Shell (RDS) and Total (TOT) have all experienced a testing...
View ArticleOil and Gas M&A in Q2 2013 Reaches Just $23.6 billion
As we embark upon a new quarter, Evaluate Energy has taken the time to reflect on the key trends that emerged during the second quarter of 2013 in the oil & gas M&A market, including the impact...
View ArticlePoland’s Shale Gas Future Going Up in Smoke?
In September 2011, Poland was riding a wave of optimism as state-owned PGNiG lit a flare at the site of its Lubucino-1 well, becoming the first company to extract shale gas in the highly prospective...
View ArticleDeals of the Week: Apache and Crescent Point Energy Play it Safe with Bolt-On...
This week’s upstream M&A was dominated by two large bolt-on acquisitions by Apache and Crescent Point Energy, within North America. Although the deals lacked the sensationalism that comes from a...
View ArticleDeals of the Week: ConocoPhillips is Biggest Spender in First Gulf of Mexico...
This week, the Gulf of Mexico held its first lease sale since the Horizon oil spill of April 2010. The Western Gulf of Mexico Lease Sale 218 reaped a total of $337 million, with 20 companies gaining...
View ArticleDeals of the Week: Total Plays it Safe in North Sea Whilst Peers Gamble on...
There were three large deals by super majors this week as Total played it safe by acquiring a producing North Sea asset whilst Royal Dutch Shell and ENI opted for a high risk but high reward asset in...
View ArticleDeals of the Week: BP Wins Shareholders Over with Extended Divestiture Programme
Following the frenetic mega-deals of last week, including Kinder Morgan’s $38 billion acquisition of El Paso and Statoil’s $4.7 billion acquisition of Brigham Exploration, the pace of deals this week...
View ArticleDeals of the Week: Premier Make an Opportunistic Grab for Encore Oil
Premier Oil made a timely offer for fellow North Sea exploration company Encore Oil this week, for a consideration of $325 million (net of cash held by Encore). The offer per share, which has been...
View ArticleDeals of the Week: North Sea Deals Back in Vogue Despite Tax Hike
For the second week in a row, North Sea assets have featured heavily in the upstream M&A sector. Back in March 2011, when the UK budget announced an increase in the supplemental tax to 32%, there...
View ArticleWeekly Energy Round-Up: Chevron Commits to Wheatstone Project as China Looks...
Wheatstone Project Gets Green Light This week, Chevron announced the final investment decision (FID) for its Wheatstone project in Western Australia. The initial $29 billion project involves the...
View ArticleWeekly Energy Round-Up: Tullow & Total Make Important Discoveries as Cairn...
Tullow Makes French Guiana Oil Discovery, New Basin Unlocked Tullow Oil this week announced a major success with its Zaedyus exploration well in French Guiana in South America. The Zaedyus exploration...
View ArticleDeals of the Week: Hayward’s Vallares Announces Kurdistan Merger
Vallares Plc, the acquisition vehicle formed in June 2011 by former BP Chief Exec Tony Hayward and Nathaniel Rothschild, announced the $2.1 billion reverse takeover of Turkish company Genel Energy...
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