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UK: Tailwind Energy to acquire Decipher Energy
01 Apr 2021
Decipher Energy.
This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and near-term reserves growth opportunities whilst building out the Tailwind portfolio. The transaction is subject to statutory regulatory and government approvals.
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US: Pioneer Natural Resources announces bolt-on acquisition of DoublePoint Energy in the Midland Basin
02 Apr 2021
Pioneer Natural Resourceshas entered into a definitive purchase agreement to acquire the leasehold interests and related assets of
DoublePoint Energy in a transaction valued at approx. $6.4 billion as of April 1, 2021, comprised of approx. 27.2 million shares of Pioneer common stock, $1 billion of cash and the assumption of approx. $0.9 billion of debt and liabilities.
Scott D. Sheffield, Pioneer’s CEO stated: DoublePoint has amassed an impressive, high quality footprint in the Midland Basin, comprised of tier one acreage adjacent to Pioneer’s leading position. We are pleased with their decision to become long-term partners with Pioneer in a transaction that will complement our unmatched position in the core of the Permian Basin. Pioneer will incorporate these assets into our investment model, migrating the assets from significant production growth to a free c
Europe’s upstream comes under pressure [NGW Magazine]
Apr 2, 2021 7:15:am
Summary But the need for oil and gas in the coming decades will put the UK in a strong position for the net-zero carbon future, regulatory conditions permitting. [NGW Magazine Volume 6, Issue 6]
by: William Powell
There is a tension between the social pressures driving a number of European governments to set dates for achieving net-zero carbon economies on one hand, and the advantages of producing more oil and gas at home on the other.
The focus on environment, social and governance (ESG) issues has risen far up the agenda of banks and investors. Shareholders too are becoming increasingly active.
2020 network upstream growth rate nearly 4x pre-pandemic levels
OpenVault study shows the impact of business hours increases and individual subscriber behaviour on upstream capacity is putting unprecedented strain on network operators
Share this item with your network: By Published: 01 Apr 2021 14:54
Driven by a massive increase in business hours consumption of applications such as video conferencing, broadband upstream traffic growth during 2020 was found to have been at 350% of historic rates, according to a new OVBI Special Report from OpenVault.
The
Pandemic impact on upstream broadband usage and network capacity report from the provider of software-as-a-service (SaaS)-based revenue and network improvement technology and data-driven insights for the broadband industry, investigated how remote work, education, entertainment and personal communication have applied significant pressure on operators’ significantly limited upstream capacity since March 2020.