Energy & Utilities – CorpDev.Org

Rio Tinto’s bid for Turquoise Hill hits snags [Mergers & Acquisitions]

Regulators cite ‘public interest concerns’ and shareholders object to offer for mining group with stake in Oyu Tolgoi project Source Author: unknown

Exxon faces $2 billion loss on sale of troubled California oil properties [Deals Market Headlines | Breaking Stock Market News | Reuters]

Exxon Mobil Corp (XOM.N) will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill....

Turquoise Hill further delays shareholder meet on $3.3 bln Rio Tinto buyout [buyout/ takeover]

Nov 6 (Reuters) - Canadian miner Turquoise Hill Ltd (TRQ.TO) said it has once again postponed by a week its special shareholder meeting to vote on the proposed take over by Rio Tinto Plc (RIO.L),...

Oil and gas PE investors see a resurgence after underinvestment [PE Hub]

Massive stimulus, in the amount of $400bn, has given the renewable energy movement a spark, but energy transition is challenged as inflationary pressures have brought investors back to oil and gas....

Shell Launches $4B Share Buyback Program Ending Feb. 2 [Law360: Mergers & Acquisitions]

Shell PLC said on Thursday that it is beginning a $4 billion share buyback program over the next three months to reward investors, as the energy giant reported its latest "robust" profits....

M&A Deals in the Oil Patch May Finally Heat Up [Mergers & Acquisitions – a leading source for M&A analysis]

Source Author: unknown

Billionaire Takes Over Continental Resources In $4.3B Deal [Law360: Mergers & Acquisitions]

Source Author: unknown

EXCLUSIVE California oil producer Berry Corp explores sale -sources [Deals Market Headlines | Breaking Stock Market News | Reuters]

Despite its rich oil history, California has become increasingly difficult for producers to operate in, with the state vowing to phase out oil extraction entirely by 2045.Such conditions are forcing...

Renewables Keeping Energy Deals in Play [Mergers & Acquisitions – a leading source for M&A analysis]

The number of deals in the U.S. oil and gas industry declined sharply in August, with only 21 deals against 32 in the year-ago month and a value of $12.58 billion instead of $21.55 billion, according...

Energy producers put cash to work in M&A, often to private equity’s benefit [buyout/ takeover]

Meanwhile, several midsize players are pursuing acquisitions to increase production capacity on the sharp rise in energy prices, giving large producers and investors a chance to divest fossil-fuel...