Category: M & A

ConocoPhillips Considers Selling Permian Assets Worth $2 Billion: Implications for Investors and the Permian Basin\’s Future

Clark Savage20

In a move that underscores the ongoing consolidation and optimization in the U.S. oil industry, ConocoPhillips (COP) is reportedly exploring the sale of certain assets in the Permian Basin valued at approximately $2 billion. This development, first reported by Bloomberg, comes as the company seeks to streamline its portfolio following a series of major acquisitions. […]

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Canada\’s Oil Sands Set Up for Merger Mayhem after Busy 2025

Clark Savage20

As the energy landscape evolves, Canada\’s oil sands sector is buzzing with anticipation. Following a whirlwind 2025 marked by record production, infrastructure expansions, and shifting global demands, industry analysts predict a wave of mega-mergers in 2026. With smaller acquisition targets dwindling after a busy year of deals, larger players are eyeing consolidations to boost efficiency, […]

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JAPEX Buys U.S.-Owned Verdad Resources Intermediate Holdings for $1.3 Billion

Clark Savage14

In a strategic move underscoring the importance of global energy diversification, Japan Petroleum Exploration Co. Ltd. (JAPEX) has acquired Verdad Resources Intermediate Holdings LLC (VRIH) for approximately $1.3 billion. This deal highlights a key principle we\’ve long championed at The Energy News Beat Channel: energy security starts at home. But when domestic resources are limited—as […]

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ExxonMobil Prepares to Close Singapore Petrochemical Unit Permanently – What does this mean to investors?

Clark Savage15

In a stark illustration of the petrochemical industry\’s deepening woes, ExxonMobil is set to permanently shutter one of its two steam crackers at its sprawling Jurong Island complex in Singapore. The decision, first reported by Reuters and echoed across global energy outlets, marks a pivotal moment for the U.S. energy giant and underscores the seismic […]

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ExxonMobil Looks Over Lukoil\’s Iraqi Oilfield as U.S. Sanctions Finally Hit Home – What does this mean for Investors?

Clark Savage19

In a significant development for the global energy sector, U.S. oil giant ExxonMobil has expressed interest in acquiring Russian firm Lukoil\’s majority stake in one of Iraq\’s premier oilfields. This move comes amid escalating U.S. sanctions on Russian entities, which have forced Lukoil to declare force majeure and seek an exit from its Iraqi operations. […]

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UK Oil Invasion To The USA?

Clark Savage18

Happy Thanksgiving, and we have a wild Energy News Beat Stand Up for You! Michael and I are very grateful to all the listeners, readers, and patrons of the Energy News Beat Channel and Substack, and to the guests who have to suffer through my horrible jokes. Take a moment today, take a deep breath, […]

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Oil Giants Join OPEC in Boosting Production with Earnings Confirmations This Week

Clark Savage17

In a market grappling with tumbling crude prices and an oversupply of oil, major oil companies are aligning with OPEC\’s strategy by ramping up production. This week’s earnings reports from industry heavyweights like ExxonMobil, Chevron, Shell, BP, and TotalEnergies are expected to confirm these expansion plans, signaling a push forward despite short-term headwinds. As Brent […]

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