Lukoil said on Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia’s second-largest oil company is seeking to sell after Washington imposed sanctions on it...
Maithan Alloys acquires minority stake in GAIL (India) for Rs 12 cr
Maithan Alloys said that it has acquired a 0.01% stake in GAIL (India) for total consideration of Rs 12.36 crore via stock exchange. The company has acquired 6,25,000 shares through stock exchange with view to reap the...
ONEOK buys remaining stake in Delaware Basin JV for $940 million
U.S. pipeline operator ONEOK (OKE.N) said on Tuesday that it had bought the remaining stake in Delaware Basin JV from NGP XI Midstream Holdings in a cash-and-stock deal valued at $940 million. By acquiring the remaining...
Shell-BP merger’s key ingredient is time
Wael Sawan must feel like it’s Groundhog Day. In recent weeks Shell’s (SHEL.L) chief executive has been fielding one question over and over again: whether he’s considering merging his $198 billion group with struggling...
Shell to buy TotalEnergies’ stake in Nigeria deepwater field for $510 million
TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The OML118 Production Sharing Contract (PSC) is located deep offshore at ~74 mi...
ExxonMobil to sell French subsidiary Esso to Canadian energy group
With the exception of those part of the previously announced redundancy plan, all of the approximately 1,350 employees in France will be retained and remain on the same employment terms and conditions. The acquisition...
Repsol, NEO Energy agree to merge North Sea operations
Spanish oil company Repsol and private equity-backed NEO Energy have agreed to merge their UK North Sea oil and gas businesses to create a joint venture with output of around 130,000 barrels of oil equivalent per day...
Indonesia’s Pertamina to buy 20% stake in Philippine’s Citicore Renewables for $115 million
Philippines-based Citicore Renewable Energy on Friday said Indonesian state-owned oil firm Pertamina will buy a 20% stake in the pure-play renewable energy company for 6.70 billion pesos ($114.8 million). PT Pertamina...
Japan’s Japex seeks UK North Sea exit with oilfield stake sale
Japan Petroleum Exploration (Japex) is seeking buyers for its stake in an oilfield in the British North Sea, the latest in a string of exits from the ageing basin as companies face growing uncertainty over government...
Oil Brokerage acquires rival Blue Commodities
Global commodities broker Oil Brokerage said on Wednesday it had acquired rival Blue Commodities, as it seeks to increase its presence in physical oil market broking. Oil Brokerage, a subsidiary of OTC Global Holdings...
Oil producer APA Corp to sell Permian assets for $950 mln
U.S. oil and gas producer APA Corp said on Tuesday it would sell non-core Permian-based drilling properties to an undisclosed buyer for about $950 million as it looks to cut down its debt pile. Consolidation in the...
Repsol calls off sale of Norwegian subsidiary, sources say
Spanish oil company Repsol has called off the sale of its Norwegian unit, Repsol Norge AS, according to three sources with knowledge of the negotiations. Repsol enlisted investment bank Rothschild to manage the sale...
