Insight
Corporate week in brief: Total doubles its LNG contract portfolio with US$1.5 bn LNG acquisition
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Report summary
Macro: Brent holds above US$60/bbl; the Majors underperform in a decent week for oil and gas equities. Lead stories: Total acquires Engie’s LNG portfolio for US$1.5 billion. Companies: ConocoPhillips doubles down on value; mixed fortunes for the last players to report Q3 results; Santos announces 2018 investment plans; ExxonMobil commits more spend to the Vaca Muerta. M&A: Shell to reduce its stake in Woodside; Noble sells non-core DJ Basin assets for US$608 million.
Table of contents
- Macro: Brent, oil and gas equities
- Lead Story: Total
- Companies: ConocoPhilips, Santos, ExxonMobil Q3 results
- M&A: Shell, Noble
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