Petroleum Pitch Companies

Petroleum Pitch Market

October 2023- A blockbuster oil and gas deal announced Wednesday takes the crown as the largest corporate M&A merger in 2023, and one of the sector's largest US deals in years. Integrated oil and gas major ExxonMobilacquired Pioneer Natural Resources, an upstream shale specialist, for USD59.5 billion. The deal would grant Exxon even more power in the Permian Basin, making it the largest producer in the country's biggest shale patch. It could also unleash further M&A between companies with assets in the Permian. Major mergers tend to beget divestitures down the line, as acquirers sift through their new purchase and offload noncore assets to buyers that include PE-sponsored platforms. With private equity exits down 53% in value compared to pre-pandemic averages, according to PitchBook's Q3 2023 US PE Breakdown, the Pioneer-Exxon deal could lead to a welcome revival of exit activity in the oil patch. Its announcement comes as US crude prices reached year-highs in the low USD90s per barrel in September. Two recent examples of PE backers exiting investments in the Permian Basin include EnCap Investments' USD1.5 billion sale of Novo Oil & Gas to Earthstone Energy and Northern Oil and Gas and Carnelian Energy Capital's USD537.5 million sale of Percussion Petroleum II to Callon Petroleum.

June 2023- Sri Lanka, in a bid to deal with the forex issue and guarantee a stable supply of fuel, announced an agreement with an American oil company, enabling it to be the fourth participant in the island nation's fuel retail business, which used to be a state monopoly.

Fuji Oil Europe announced plans in March 2021 to invest in additional facilities within Europe as it endeavors to meet the growing demand for plant-based ingredients. This includes setting up a new production facility coupled with the introduction of cutting-edge technology for better quality manufacture.

In February 2021, Himadri Special Company informed about future investments worth billions aimed at increasing carbon black production capabilities in India. Furthermore, this growth necessitates setting up a new manufacturing plant and adopting cutting-edge production technology.

September 2020: NMGK Group has acquired an oil-crushing plant located in America’s largest soybean growing district. The acquisition is meant to help the enterprise spread across the North American market and gain footing in the soybean processing area, which is being consolidated by large corporations on a global scale.

July 2020: Fuji Oil Europe introduced a completely distinct series specifically designed to offer edible materials derived from plants alone. The range consists of vegan proteins, dairy substitute products and fats based on plants, which take care of mounting requests for ecological soundness as well as healthful foodstuff choices.

Key Companies in the petroleum pitch market include

• Cytec Industries Inc. (US)


• Mitsubishi Chemical Corporation (Japan)


• Koppers Inc. (US)


• Rain Carbon Inc. (US)


• ORG CHEM Group (US)


• Puyang Changyu Petroleum Resins Co. Ltd (US)