OGJ Daily Newsletter - Feb 7th, 2024
 
 
OGJ Daily Newsletter | View online
 
February 7, 2024
California Resources Corp. (CRC) and Aera Energy LLC have agreed to combine in an all-stock transaction that values Aera at about $2.1 billion, inclusive of Aera’s net debt and certain other obligations.
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Leaders of the company behind the Driftwood LNG project are looking to lower its debt and not have to sell stock.
Woodside Energy Group and Santos Ltd. have concluded discussions regarding a potential merger, the companies confirmed in separate releases.
Athabasca Oil Corp., Calgary, has closed a deal with Cenovus Energy Inc. to create Duvernay Energy Corp., a privately held subsidiary of Athabasca.
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US crude oil inventories for the week ended Feb. 2, excluding the Strategic Petroleum Reserve, increased by 5.5 million bbl from the previous week, according to data from the US Energy Information Administration.
Neptune Energy Norge AS has been granted a permit by the Norwegian Offshore Directorate for drilling in the North Sea.
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