The biggest ever mergers and acquisitions in the oil and gas industry

The majority of the greatest mergers and acquisitions in the oil and gas industry deals in the last decade happened between US-based companies hoping to expand their asset portfolio. Offshore-innovation records the top ten mergers and acquisitions, based on transaction value.

Top ten M&As in oil and gas: Ranking the greatest


10. Marathon Petroleum and Andeavor Logistics consolidation - $23bn


9. Enbridge Income Fund's acquisition of Enbridge Pipelines (Athabasca) and Enbridge Pipelines - $30.4bn


8. ConocoPhillips' acquisition of Burlington Resources - $35.6bn


7. Kinder Morgan' acquisition of El Paso Corporation - $38bn


6. ExxonMobil Corporation's acquisition of XTO Energy - $41bn


5. Royal Dutch Shell's acquisition of BG Group - $54.03bn


4. Occidental Petroleum and Anadarko Petroleum acquisition - $57bn


3. Energy Transfer Equity's acquisition of Energy Transfer Partners - $60.4bn


2. Saudi Arabian Oil Company and Saudi Basic Industries Corporation acquisition - $69.1bn


1. Kinder Morgan's acquisition of El Paso Pipeline Partners, Kinder Morgan Energy Partners, and Kinder Morgan Management - $76bn


10. Marathon Petroleum and Andeavor Logistics consolidation - $23bn

Greatest ever mergers and acquisitions

Marathon Petroleum is ready to acquire Andeavor Logistics in a $23bn deal that will be one of the greatest ever acquisitions in the oil and gas industry. Image kindness of Marathon Petroleum Corporation.


Marathon Petroleum Corporation and Andeavor Logistics consented to a conclusive consolidation arrangement, under which the former will acquire the latter for $23bn. The transaction has been approved by the board of directors of both the companies and is forthcoming regulatory approvals. It is normal to be shut in the final part of 2019.


The transaction is supposed to create an enhanced midstream company and expand Marathon Petroleum's situation in the Marcellus shale and Permian basin. It will also enable the company to convey assets in high-development projects.


Marathon Petroleum is an integrated energy company operating probably the largest processing plants in the US. Andeavor Logistics is a midstream coordinated factors company operating in three organizations, namely transportation, gathering and handling, and wholesale.


9. Enbridge Income Fund's acquisition of Enbridge Pipelines (Athabasca) and Enbridge Pipelines - $30.4bn

Greatest ever mergers and acquisitions

Enbridge Income Fund became part of Enbridge after being acquired by the latter in November 2018. Image graciousness of Kyle1278.


Enbridge Income Fund (EIF), a subsidiary of Enbridge, acquired Enbridge Pipelines (Athabasca) and Enbridge Pipelines from Enbridge and IPL System, a subsidiary of Enbridge, for $30.4bn in September 2015. The consolidation was announced in June 2015 and incorporated a value consideration of $18.7bn and an obligation assumption of $11.7bn.


Enbridge Pipelines (Athabasca) and Enbridge Pipelines involve the Canadian Liquids Pipelines (CLP) business and the Canadian renewable energy assets. The CLP business incorporates the Canadian Mainline System and the Regional Oil Sands framework, which transport unrefined petroleum and bitumen from various oil sands tasks to Edmonton and Hardisty in Alberta.


EIF holds a different energy infrastructure business containing transportation and storage assets. The acquisition was finished to enhance EIF's drawn out development prospects and scale of operations. EIF was acquired by Enbridge in November 2018.


8. ConocoPhillips' acquisition of Burlington Resources - $35.6bn

Greatest ever mergers and acquisitions

The acquisition of Burlington Resources added natural gas exploration and creation assets to ConocoPhillips' portfolio. Image civility of ConocoPhillips Company.


ConocoPhillips finished the acquisition of Burlington Resources for $35.6bn in March 2006. The transaction was announced in December 2005 following the consenting to of a conclusive arrangement. ConocoPhillips shareholders own 83% of the joined company while the remaining 17% is claimed by Burlington shareholders. The undertaking value of the joined substance was estimated to be $135bn.


The acquisition added top caliber, generally safe natural gas exploration and creation assets located in North America to ConocoPhillips' portfolio. It fortified the company's near-term position by adding conventional and unconventional assets to its portfolio and the drawn out position by adding LNG and Arctic gas projects.


Burlington Resources was an exploration and creation company with major areas of strength for a gas improvement and creation portfolio in North America. ConocoPhillips is an integrated oil and gas company with operations across 17 nations.


7. Kinder Morgan's acquisition of El Paso Corporation

Greatest ever mergers and acquisitions

Kinder Morgan's acquisition of El Paso Corporation created one of the greatest midstream companies in North America. Image politeness of Kinder Morgan.


Kinder Morgan acquired El Paso Corporation in May 2012 for $38bn, under a conclusive agreement endorsed in October 2011. The purchase consideration incorporated the assumption of El Paso's outstanding obligation.


The acquisition created one of the greatest midstream companies in North America with a venture value of $94bn. The joined company enabled Kinder Morgan to become one of the greatest makers of oil in Texas, the greatest terminal operator, as well as the greatest free transporter of oil and related items.


Kinder Morgan is a US-based midstream energy company operating pipelines and 180 terminals. The pipelines transport oil and related items while its terminals store oil based commodities and chemicals. El Paso Corporation was a natural gas and energy items supplier, as well as an operator of interstate natural gas pipeline frameworks.


6. ExxonMobil Corporation's acquisition of XTO Energy - $41bn

Greatest ever mergers and acquisitions

ExxonMobil acquired XTO Energy for the advancement of unconventional natural gas and oil assets.


ExxonMobil Corporation acquired XTO Energy in June 2010, following a formal announcement in December 2009. ExxonMobil also assumed $10bn of XTO's outstanding obligation around then, as part of the acquisition.


The transaction enabled ExxonMobil to zero in on the advancement of unconventional natural gas and oil assets and assisted with situating itself for meeting the drawn out energy demand while supporting the creation of clean-consuming natural gas assets.


XTO Energy, perhaps of the greatest unconventional natural ga makers, presently operates as a subsidiary of ExxonMobil. Its portfolio included shale gas, tight gas, coal bed methane, and shale oil assets across the US, which supplemented ExxonMobil's portfolio in the US, Canada, Germany, Indonesia, Poland, Hungary, and Argentina.


ExxonMobil is an international oil and gas company operating perhaps of the greatest processing plant in the world. The company markets oil based commodities and operates a chemicals business.


5. Royal Dutch Shell's acquisition of BG Group - $54.03bn

Greatest ever mergers and acquisitions

Shell's acquisition of BG Group enhanced its LNG and profound water asset portfolio. Image graciousness of P.L. van Till.


Royal Dutch Shell (Shell) acquired BG Group in February 2016 for a $19.03bn cash payment and $34.05bn worth of shares in exchange of all the shares of BG Group.


The acquisition was part of Shell's development strategy to foster a more engaged and less complex operational construction including upstream and downstream cash motors, deepwater, and melted natural gas (LNG). BG Group's acquisition enhanced Shell's LNG and deepwater asset portfolio, particularly in Australia and Brazil. It enabled the company to accelerate and de-risk its LNG and deepwater-centered strategy.


BG Group was associated with the exploration, advancement, and creation of hydrocarbons, LNG transportation and sale, and operation of LNG import facilities. Shell is an oil and gas company headquartered in the Netherlands.


4. Occidental Petroleum and Anadarko Petroleum acquisition - $57bn

Greatest ever mergers and acquisitions

Anadarko Petroleum has agreed to be acquired by Occidental Petroleum under an agreement endorsed in May 2019 that will make it the world's fourth greatest oil and gas acquisition. Image graciousness of Trey Perry.


Occidental Petroleum consented to a conclusive arrangement with Anadarko Petroleum in May 2019 to acquire the latter. The transaction is supposed to be finished in the last part of, endless supply of shareholders, regulatory bodies, and satisfaction of certain end conditions.


The joined company is supposed to have an undertaking value of more than $100bn and contain a different portfolio of unconventional, conventional, midstream and chemical assets. The shareholders of Occidental will hold a 71% stake in the new company and the remaining 29% will be held by Anadarko shareholders.


Occidental is an oil and gas exploration and creation company operating in more than 40 nations in North America, the Middle East and Latin America. Anadarko is one of the world's greatest free oil and gas exploration and creation companies.


3. Energy Transfer Equity's acquisition of Energy Transfer Partners - $60.4bn

Greatest ever mergers and acquisitions

Energy Transfer Equity consolidated its operations by acquiring Energy Transfer Partners and changing its name to Energy Transfer. Image politeness of Jason Woodhead.


Energy Transfer Equity (ETE) finished the acquisition of Energy Transfer Partners (ETP) in October 2018. ETP was converged with a subsidiary of ETE under a unit-for-unit exchange plot. ETE changed its name to Energy Transfer, while ETP changed its name to Energy Transfer Operating, following the acquisition.


The acquisition was aimed at working on the operational design and diminishing intricacy. It was intended to align with the financial interests of both ETE and ETP.


ETE is a restricted partnership that possesses and operates natural gas, natural gas fluids (NGL),

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