Dealmaking in the U.S. oil patch has slowed to a crawl in 2025, with the activity expected to stay muted for the rest of the year, as some prolific buyers focus on squeezing out value from their past acquisitions, while...
Canadian oil producer Strathcona initiates $4.25 billion takeover bid for MEG Energy
Canadian oil and gas producer Strathcona said late Thursday it plans to launch a C$5.93 billion ($4.25 billion) takeover bid for peer MEG Energy, aiming to create the country’s fifth-largest oil producer. Strathcona...
Canadian oil and gas producer Strathcona sells Montney assets for $2.84 billion; acquires Hardisty terminal
Strathcona Resources has sold all of its Montney assets for about $2.84 billion and acquired Hardisty Rail Terminal as part of its “core area consolidation” strategy, the Canadian oil and gas producer said...
Australia’s Woodside says Saudi Aramco might buy into its Louisiana LNG project
Australia’s Woodside Energy said on Wednesday it has agreed to explore opportunities to collaborate with Saudi Aramco, which might take a stake in its $17.5 billion Louisiana liquefied natural gas project. Shares...
Tullow Oil divests Gabon operations in $300 million deal
Tullow Oil Plc said on Tuesday its unit, Tullow Gabon Limited, has agreed to sell its entire stake in Tullow Oil Gabon S.A. to Gabon Oil Company for $300 million in cash.
US fuel distributor Sunoco to buy Canada’s Parkland for $9 billion
U.S. fuel supplier Sunoco has struck a $9.1-billion deal to buy Canada-based Parkland, a move that would create the Americas’ largest independent fuel distributor but which Parkland’s largest shareholder...
Shell likely to acquire BP, energy giant weighs in merits of the deal amid potential oil prices decline
Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with...
Equinor sells 60% stake in Brazil’s Peregrino field to Prio for $3.5 billion
Equinor Brasil Energia, a subsidiary of Norway’s Equinor, has agreed to sell its 60% operated interest in Brazil’s Peregrino oil field to Prio Tigris, a subsidiary of PRIO SA, for $3.5 billion, Equinor said...
Aster Chemicals to bid for Exxon Mobil’s Singapore fuel stations, sources say
Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for Exxon Mobil’s petrol stations in Singapore, five people with knowledge of the matter said, as the refiner seeks...
Commodity traders to submit bids for Italy’s IP by May, sources say
Global commodity traders including Glencore and Gunvor are looking at the possibility to buy oil refiner Italiana Petroli (IP) API group, two sources said on Thursday, adding that binding bids for the company are due by...
Kuwait commences merger of state oil firms KNPC and KIPIC, Kuna reports
Kuwait has begun taking executive steps to merge two of its state-owned oil firms, news agency Kuna reported on Tuesday, as the OPEC producer seeks to restructure its energy industry. Kuwait National Petroleum Company...
Abu Dhabi’s ADNOC mulls bid for Aethon’s US natgas assets, source says
Abu Dhabi state oil company ADNOC is in the early stages of considering a bid for investment firm Aethon Energy Management’s U.S. natural gas assets, according to a person familiar with the matter. ADNOC has done...
