GulfSlope Energy Inc (GSPE)

[smith199]

A few articles regarding GOM oil and gas acquisitions, and the increased production of oil and gas due to offshore discoveries, particularly in the GOM and North Sea where Delek happens to hold assets.

https://www.offshore-energy.biz/murphy-cheers-first-oil-from-giant-new-platform-in-gulf-of-mexico/

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“Offshore Oil Projects to Influence Growth in North America. The market in North America is expected to account for the largest share in the global market owing to the offshore assets in the Gulf of Mexico and the North Sea. The ongoing oil extraction activities will enable the healthy growth of the market in North America. Moreover, the increasing partnerships and acquisitions by major players will further aid development in the region. “

https://www.globenewswire.com/news-release/2022/04/20/2425286/0/en/Oilfield-Services-Market-Size-to-Hit-USD-346-45-Billion-by-2027-Exhibit-a-CAGR-of-6-6.html

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“There should still be plenty of upstream deals to be had,” Dittmar said. “Those can come from further ‘private exits’, non-core sales by the ‘big producers’ like ConocoPhillips and ExxonMobil, or the remaining smaller E&Ps finding merger partners. We just need some stability in commodity pricing and an acquisition or two to benchmark deals to reignite what should be an active market.”

https://www.oilandgas360.com/report-shows-u-s-upstream-mergers-and-acquisitions-open-strong-in-2022/

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“W&T Offshore informed that it has acquired the remaining working interests in the oil and gas producing properties purchased earlier this year from an undisclosed private seller.”

“Located in federal shallow waters in the central region of the Gulf of Mexico at Ship Shoal 230, South Marsh Island 27/Vermilion 191, and South Marsh Island 73 fields, the additional interests in these assets were acquired for a cash consideration of approximately $17.5 million using cash on hand.”

https://www.offshore-energy.biz/u-s-player-consolidates-ownership-of-gulf-of-mexico-assets-by-increasing-its-stake/

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“China's top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said.”

“The assets, which include stakes in major fields in the North Sea, the Gulf of Mexico and large Canadian oil sand projects, produce around 220,000 barrels of oil equivalent per day (boed), Reuters calculations found.”

https://www.reuters.com/business/energy/exclusive-chinas-oil-champion-prepares-western-retreat-over-sanctions-fear-2022-04-13/






Mrs. Smith