Daily News for Dealmakers
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 oil and gas companies to reassess their future plans in the state. Shell PLC (SHEL.L) and Exxon Mobil Corp (XOM.N) agreed last month to sell their California joint venture to investment firm IKAV for $4 billion.
Source
Author: unknown
Mega Merger Implications: Russia's potential merger of Rosneft (ROSN.ME), Gazprom Neft, and Lukoil (LKOH.ME) aims to create an oil behemoth rivaling Saudi Aramco (ARMCO), tripling Exxon Mobil's...
Strategic Consolidation: Russia explores merging Rosneft, Gazprom Neft, and Lukoil to create the world's second-largest oil producer, surpassing Aramco and pumping nearly three times Exxon Mobil's...
Strategic Expansion: Nippon Steel's $14 billion acquisition of U.S. Steel aims to strengthen its presence in the American market and enhance global competitiveness. Political Resistance: Despite...
Failed Mega-Merger: BHP Group abandoned its £38.6 billion bid to acquire Anglo American after a six-week pursuit, marking a significant shift in the global mining landscape. Strategic Rationale:...