Oil majors operating in Brazil have closed ranks to oppose a proposed merger between energy contractors Subsea7 and Saipem, and antitrust agency Cade has asked the two firms to provide its probe with new data on Friday...
Exxon in talks with Iraq about buying Lukoil stake in giant West Qurna 2 oilfield, sources say
Exxon Mobil has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil’s majority stake in the giant West Qurna 2 oilfield, five Iraqi official sources with direct knowledge of the...
Poland’s Orlen offers to buy out Energa minorities to take full control
Polish state-controlled refiner Orlen said on Wednesday it plans to buy out the remaining shares in its utility unit Energa to take full ownership, with a price tag of about 709 million zlotys ($189 million). The move...
Total and Chevron lead race to buy into Galp’s Namibia oil discovery, sources say
Oil majors TotalEnergies and Chevron have emerged as front-runners in the auction for a 40% operating stake in Galp’s Mopane discovery in Namibia, four sources told Reuters. Oil companies have flocked to Namibia...
Chevron joins race to explore potential purchase of Lukoil assets, sources say
U.S. oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday. The U.S. Treasury gave clearance last week to...
Chandra Asri gets $750 million from KKR to buy Exxon’s Singapore fuel stations
Indonesia’s Chandra Asri Pacific said on Monday it has secured a bespoke $750 million financing package from investment firm KKR to support its purchase of ExxonMobil’s Esso-branded retail fuel station...
ADNOC’s Covestro deal gets conditional European Commission greenlight
Abu Dhabi state oil firm ADNOC has received the EU’s conditional greenlight for its 14.7 billion euro ($17 billion) bid for German chemicals company Covestro, the European Commission said on Friday. It said the...
Repsol weighs merger of upstream unit with APA, Bloomberg News reports
Spain’s biggest refinery operator Repsol SA is considering a reverse merger of its upstream unit with potential partners, including U.S. energy producer APA, Bloomberg News reported on Thursday, citing people with...
BP in active talks with Stonepeak over Castrol sale, sources say
BP is in active negotiations with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy...
US Gulf producer LLOG Exploration explores sale at $3 billion valuation, sources say
LLOG Exploration Offshore is exploring a potential sale, which may value one of the largest privately held oil and gas producers in the U.S. Gulf at more than $3 billion including debt, people familiar with the matter...
Russia’s Lukoil says it plans to sell international assets due to Western sanctions
Russia’s second-largest oil producer, Lukoil, said on Monday it would sell its international assets following sanctions over Ukraine announced last week by the United States. The planned sale of the assets is the...
Indian Oil’s Terra Clean in talks to buy 50% stake in Fourth Partner Energy
Indian Oil Corp., the country’s largest crude oil refiner, plans to acquire a 50% stake in renewable energy firm Fourth Partner Energy Pvt. Ltd (FPEL) through its subsidiary Terra Clean Ltd in a deal with an estimated...
