light green

Analysis

Energy and resources M&A update: Q4 2022

US crude oil output rose during the fourth quarter, as weekly production volumes increased to 12.1 million barrels per day through the week ending December 30, 2022.

Energy and resources trends

  • Oil and gas
    The United States is poised to regain the crown as world’s top liquefied natural gas (LNG) exporter.1
  • Renewable energy
    Wind power grew by more than 60% since 2017 to about 143 GW of capacity. By 2024, wind is projected to increase by more than 12 GW.2
  • Power and utilities
    Total average revenues per kilowatt-hour (kWh) rose by 11.8% from November 2021, to 12.46 cents/kWh in November 2022. The industrial end-use sector rose the most year over year (up 12.6%), followed by the residential sector (11.2%), then the commercial sector (10.7%), and lastly the transportation sector (10.1%).3
  • Nuclear energy
    The global nuclear industry released a joint statement emphasizing that the energy transition is not possible without maintaining and expanding the role of nuclear power.4

Energy and resources quarterly update: Q4 2022

This newsletter is a periodic compilation of certain capital markets information. Information contained in this newsletter should not be construed as a recommendation to sell or a recommendation to buy any security. Any reference to or omission of any reference to any company in this newsletter shall not be construed as a recommendation to sell, buy, or take any other action with respect to any security of any such company. We are not soliciting any action with respect to any security or company based on this newsletter. This newsletter is published solely for the general information of clients and friends of Deloitte Corporate Finance LLC. It does not take into account the particular investment objectives, financial situation, or needs of individual recipients. Certain transactions, including those involving early-stage companies, give rise to substantial risk and are not suitable for all investors. This newsletter is based on information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. Prediction of future events is inherently subject to both known risks, uncertainties, and other factors that may cause actual results to vary materially. We are under no obligation to update the information contained in this newsletter. We and our affiliates and related entities, partners, principals, directors, and employees, including persons involved in the preparation or issuance of this newsletter, may from time to time have “long” and “short” positions in, and buy or sell, the securities, or derivatives (including options) thereof, of companies mentioned herein. The companies mentioned in this newsletter may be: (i) investment banking clients of Deloitte Corporate Finance LLC; or (ii) clients of Deloitte Financial Advisory Services LLP and its related entities. The decision to include any company for mention or discussion in this newsletter is wholly unrelated to any audit or other services that Deloitte Corporate Finance LLC may provide or to any audit services or any services that any of its affiliates or related entities may provide to such company. No part of this newsletter may be copied or duplicated in any form by any means, or redistributed without the prior written consent of Deloitte Corporate Finance LLC.

References

1Scott Disavino, “U.S. poised to regain crown as world’s top LNG exporter,” Reuters, January 4, 2023.

2Ryan Kennedy, “Solar total installed capacity to grow 84% in two years,” pv magazine USA, January 23, 2023.

3US Energy Information Administration (EIA), “Electricity monthly update,” November 2022.

4World Nuclear Association, “Joint statement of the global nuclear industry regarding the critical role of nuclear energy within the current geopolitical context,” November 16, 2022.

Previous editions

 

Fullwidth SCC. Do not delete! This box/component contains JavaScript that is needed on this page. This message will not be visible when page is activated.

Did you find this useful?
Industry M&A updates

Energy & Resources Transactions

A demonstrated track record