M&A - Quarterly - Australasia
(Originally published on January 2, 2024) It had been a relatively quiet Q4 in Australasia until early December when two big pieces of news dropped. * The first saw Origin Energy shareholders vote to reject a takeover offer from a consortium led by Brookfield asset partners and EIG. Together with a
M&A - Quarterly - Southeast Asia
(Originally published on January 2, 2024) Q4 has seen three deals, one each in the Philippines, Thailand and Indonesia. A transaction value was announced for two of these deals, with a total deal value for these two deals of about US $21 million. The annual deal count for 2023 is
M&A - Deal analysis
(Originally published on October 31, 2023) Last week, we saw the announcement that Chevron have agreed to acquire Hess in an all-stock deal valued at US$ 53 billion. Whilst the deal is clearly driven by Hess' assets in North American and Guyana, they do have production in Southeast Asia,
M&A - Quarterly - Australasia
(Originally published on October 2, 2023) Q3 has seen five deals, four in Australia and one in PNG. A transaction value was announced for three of these deals, with a total deal value for these three deals of almost US $1.7 billion. Deals announced in Q3 The five deals
M&A - Quarterly - Southeast Asia
(Originally published on October 2, 2023) Q3 has seen seven deals, three in Indonesia, and one each in the Philippines, Vietnam, Thailand and Malaysia. A transaction value was announced for four of these deals, with a total deal value for these four deals of almost US $735 million. New deals
FLNG
(Originally published on September 18, 2023) In the first two parts, I looked at the FLNG market and the optionality there is with FLNG vessels. In this third part, I'm going to look at some of the potential options to apply FLNG in Asia-Pacific. To me, there are
FLNG
(Originally posted on September 11, 2023) In Part 1, I reviewed the current FLNG projects, both onstream and under construction. In this second part, I will take a look at these projects in terms of some of the optionality for FLNG projects. Whilst not a comprehensive list of options, it
FLNG
(Originally published on September 4, 2023) Back in 2007, I attended the LNG 15 conference in Barcelona. At that time, it seemed like every company was promoting some form of FLNG project. However, this was probably the "peak of inflated expectations" and the majority of these projects failed
M&A - Deal analysis
(Originally published on September 1, 2023) Today, 1st September 2023, it was announced that Santos and Kumul have signed a binding agreement for Kumul to acquire a 2.6% stake in the PNG project from Santos, with an option to acquire a further 2.4%. The deal value for the
M&A - Deal analysis
(Originally published on August 21, 2023) Earlier today, INPEX and TotalEnergies announced that they have agreed to acquire PTTEP's 100% interest in the AC/RL7 permit that contains the undeveloped Cash-Maple gas field. INPEX will acquire 74% and TotalEnergies 26%. No deal value has been announced, with completion
M&A - Deal analysis
(Originally posted August 14, 2023) On Monday, Strike Energy announcing that they have agreed to acquire Talon Energy. The companies have entered into a binding Scheme Implementation Deed under which Strike will acquire all the issued shares in Talon by way of a Scheme of Arrangement. From my calculations based
M&A - Deal analysis
(Originally published on August 11, 2023) On Thursday, Harbour Energy announced that they have entered into a sale and purchase agreement to divest their 53.125% operated stake in Block 12W in Vietnam to Big Energy, a newly established, dedicated oil and gas business in Vietnam and has been active