MergerLinks’ Post

"YPF chairman and CEO Horacio Marín stated during the company's 4Q23 earnings call that shale assets will get around US$3 billion out of a total US$5 billion in capex for 2024, with oil accounting for 75% of the upstream investment”. "In 4Q23, the company's shale oil production increased 28.5% year on year to 109,400 barrels per day”. "In 2024 and 2025, YPF targets to pump approximately 120,000b/d and 160,000b/d of shale oil respectively". "The company aims to reach a shale oil production rate of 250,000b/d by 2027, with shale accounting for 80% of overall crude production beginning in 2025. Last year, fracking produced less than half of YPF's oil output”. "The company plans to reduce its mature conventional hydrocarbon asset portfolio, releasing capex of roughly US$800 million, primarily for shale, and establishing two new core shale hubs in the Vaca Muerta formation this year, bringing the total to three". #argentina #ypf #largestinvestment  #vacamuerta  #shaleoil #productionincrease

“Petrobras produced 2.78 MMboe/d on average in 2023, 3.7% more than in 2022 but slightly below than its target of 2.8 MMboe”. “The company added 1.5 billion boe in reserves in 2023. The company reported that the triennium 2021–2023 had the greatest IRRorg in its history, reaching a value of 207%. "The organic reserve replacement index (IRRorg)...excluding the effects of divestments...reached 168% of the production for [2023]," the company stated”. #brazil #petrobras #production #reserves

Our capital markets team, led by partner Alejandro A. Gordano, represented Empresa Nacional del Petróleo (Enap) with its USD600 million bond offering and concurrent tender offers with the intention to use the proceeds from the offering, along with existing cash and/or additional financing, to cover the purchase of tendered notes, fees, expenses, and any remaining funds for general corporate purposes. As a state enterprise owned wholly by the Republic of Chile, Enap is involved in the exploration, production, refining, transportation, storage, and wholesale marketing of crude oil, natural gas, refined petroleum products, and liquefied petroleum gas. Support was provided by partners Manuel Orillac, Lorenz Haselberger, associates Gonzalo Robles and Daniel Kachmar, and visiting attorney Moises Gonzalez Arroyo. Read more about the deal here. #AOShearman #CapitalMarkets

Petrobras, a Brazilian multinational corporation in the petroleum industry, has been known for its significant dividend payouts, including extraordinary dividends. Extraordinary dividends are payments made to shareholders that are not part of the regular dividend schedule and often come from excess profits or reserves. To provide a comprehensive overview, here are some key points about Petrobras and its dividend practices: Petrobras Overview Full Name: Petróleo Brasileiro S.A. Industry: Oil and Gas Headquarters: Rio de Janeiro, Brazil Operations: Exploration, production, refining, marketing, and transportation of oil and gas. Dividend Policy Petrobras has a history of paying substantial dividends, reflecting its profitability and cash flow generation. Extraordinary dividends are additional payments made on top of regular dividends, typically arising from exceptional financial performance or surplus cash. 100% Extraordinary Dividends The concept of "100% extraordinary dividends" suggests that the entirety of the extraordinary profits or surplus funds could be distributed to shareholders. This would mean that all the extra profits, after accounting for necessary reserves and investments, are given back to shareholders. Factors Influencing Extraordinary Dividends Financial Performance: Strong financial results and high profits. Cash Flow: Ample free cash flow, allowing for additional distributions. Strategic Decisions: Management’s decision to return excess cash to shareholders rather than reinvesting it into the business. Market Conditions: Favorable oil prices and economic conditions.

So, it turns out an Argentine oil company just snagged Exxon’s business in Vaca Muerta for a cool $1.7 billion. Because why not let local families outshine a mega corporation, right? Pluspetrol, from the illustrious Poli and Rey families, is now flexing some serious muscle in an area that was basically a corporate goldmine. Meanwhile, Exxon is left wondering where it all went wrong. Want to dive into the thrilling world of million-dollar deals and corporate shake-ups? Check out the full scoop here: https://ift.tt/Aseq5XR

The physical window was much more active on the sellside today than recent sessions; the sellers were in the driving seat. Chevron was whacking bids left, right and centre. Reliance and Exxon also featured heavily on the sellside, hitting bids from the likes of Totsa and Mitsui, as usual. This culminated in Reliance declaring a cargo of Upper Zakum to Mitsui, while Repsol nominated one of the same to Totsa for their own convergence. But premiums are coming in, back down to $1.55/bbl. It seems like Dubai is starting to deflate. In paper markets, prompt structures have weakened over the month: the Nov/Dec swaps spread has fallen from 60c on the 7 October to 28c today. #Derivatives #OOTT

Our capital markets team, led by partner Alejandro A. Gordano, represented Empresa Nacional del Petróleo (Enap) with its USD600 million bond offering and concurrent tender offers with the intention to use the proceeds from the offering, along with existing cash and/or additional financing, to cover the purchase of tendered notes, fees, expenses, and any remaining funds for general corporate purposes. As a state enterprise owned wholly by the Republic of Chile, Enap is involved in the exploration, production, refining, transportation, storage, and wholesale marketing of crude oil, natural gas, refined petroleum products, and liquefied petroleum gas. Support was provided by partners Manuel Orillac, Lorenz Haselberger, associates Gonzalo Robles and Daniel Kachmar, and visiting attorney Moises Gonzalez Arroyo. Read more about the deal here: https://lnkd.in/gUcBf_4e #AOShearman #CapitalMarkets

🚀 Petrobras Withdraws Five Refineries from Privatization Plan: Strategic Shift for the Future! 🔄 On Wednesday, May 22, PETROBRAS PETROLEO BRASILEIRO SA announced that five refineries will no longer be privatized. This decision marks a new phase in the state-owned company's strategy, aligned with the changes brought by the new government. 🔑 Impacted Refineries: Repar (PR): Presidente Getúlio Vargas Refinery Refap (RS): Alberto Pasqualini Refinery Regap (MG): Gabriel Passos Refinery Rnest (PE): Abreu e Lima Refinery Lubnor (CE): Lubricants and Derivatives of the Northeast Refinery 🌍 Context of the Decision: The shift follows a new agreement with the Administrative Council for Economic Defense (Cade), revising obligations assumed in 2019. The new agreement focuses on data sharing to monitor market prices and includes: Guidelines for Crude Oil Delivery: To independent refineries. Standard Contract: For oil delivery by ships. Term: Three years, extendable by another three. 📊 Implications for the Sector: Stimulating Competition: Despite removing some units from the privatization plan, Petrobras remains committed to fostering a competitive market. Price Monitoring: Transparency in refining and crude oil sales prices. 🔗 Conclusion: Withdrawing the refineries from the privatization plan demonstrates Petrobras' adaptation to the current government's new strategic guidelines. This could bring significant changes to Brazil's oil and gas market. 👉 #Petrobras #Refineries #Oil #Gas #Energy #Economy #LinkedIn

More Megadeals in the Oil Industry going on. Read about it in this repost.

The Global #AutomotiveLubricantsMarket was valued at USD 77.8 Billion in 2022 and is projected to reach USD 116.1 Billion by 2032, growing at a CAGR of 4.1% from 2023 to 2032.  𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://shorturl.at/epsBZ  𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝: Fuchs Indian Oil Corporation Limited PetroChina Company Limited Chevron Corporation Exxon Mobil Corporation TotalEnergies BP p.l.c. Valvoline Royal Dutch Shell plc #automotive #lubricants #automotivelubricants #automotivelubricantsmarket #market #marketanalysis #marketforecast #marketgrowth #valuatesreports