Petroly , 4 January 2024

Permian Basin Oil Attracts Billion-Dollar Investments

• The biggest energy deal in the Permian last year took place in October, when ExxonMobil bought Pioneer Natural Resources for $60 billion worth of stock.

• But the deal-making may have reached a turning point last month, when Occidental Petroleum bought privately held CrownRock for around $12 billion .

Edinburgh Oil Jobs Cut Amid Investor Rebellion

• The rump of the operation was acquired by Colombia Threadneedle with the Bank of Montreal asset management business in 2021.

• Melrose was acquired by Ireland’s Petroceltic for £165m in 2012.

• Worldview had made a £6m bid to buy Petroceltic amid the fallout from the oil price crash that started in 2014.

Seatrium Secures Contract to Build FPU for Shell's Deepwater Gulf of Mexico Project

• The floater is conceived as a replicable project between Shell and Seatrium to leverage on the latter’s topsides single lift integration methodology, following its construction of the newbuild facilities for Shell’s Vito and Whale projects, also in the US Gulf.