Insight
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6 Pages

Day of deals as IOCs execute on strategy


Day of deals as IOCs execute on strategy

Report summary

On 9 March 2017 Corporate Service-covered companies announced US$15 billion of deals across four major transactions.

  • Shell sold down in the Canadian oil sands, to CNRL, for US$8.5 billion
  • Shell and CNRL combined to buy Marathon’s oil sands interests for US$2.5 billion
  • Marathon spent US$1.1 billion on Permian tight oil acreage 
  • ExxonMobil acquires a 25% stake in ENI’s Mozambique Area 4 LNG project for US$2.8 billion
The assets are disparate, but the deals are united by the boldness of strategy on show from the companies involved. In this Insight, we take a look at the strategic implications from each of these deals.

What's included?

This report includes 1 file(s)

  • Day of deals as IOCs execute on strategy PDF - 2.11 MB 6 Pages, 1 Tables, 3 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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  • Shell and Marathon sell down in the Oil Sands as CNRL bulks up
    • What it means for Shell
    • Marathon’s exit from AOSP
    • Impact on CNRL
    • What does this mean for the Oil Sands?
  • Marathon strengthens its US tight oil focus
    • Delaware entry adds another growth option
  • Eni farms down Mozambique Area 4 to ExxonMobil
    • What does this mean for Eni?
    • What does this mean for ExxonMobil?
    • Implications for Mozambique and LNG

In this report there are 4 tables or charts, including:

  • Shell and Marathon sell down in the Oil Sands as CNRL bulks up
    • Strategic fit of Shell’s portfolio
  • Marathon strengthens its US tight oil focus
  • Eni farms down Mozambique Area 4 to ExxonMobil
    • Mozambique historical deal metrics
    • Majors' LNG capacity
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