NorthAmOil Week 41
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Issue 575 15•October•2019 Week 41
Permian merger
Parsley Energy is buying Jagged Peak Energy in a $2.3bn transaction that stands out as one of only a small handful of shale deals this year.
Indigenous interest
A group that represents 55 First Nations has said it wants to buy a 51% stake in the Trans Mountain pipeline project from the Canadian government.
Pulling back
Norwegian pension fund Kommunal Landspensjonskasse will no longer invest in firms that derive over 5% of their revenue from Canada’s oil sands.
Impairment charge
BP has said it will record an impairment charge of up to $3bn after agreeing to sell a shale gas asset for less than it was valued on the company’s books.
