French oil major TotalEnergies has taken full ownership of the Zeeland refinery in the Netherlands, re-acquiring the remaining 45% stake owned by Russia’s Lukoil, two sources with knowledge of the matter told...
Williams weighs buying gas-producing assets to enhance AI energy supply to hyperscalers, sources say
Williams Companies is exploring buying natural gas production in the United States, a rare foray for an energy infrastructure operator, as it aims to secure natural gas supplies to support its one-stop-shop offering to...
US Carlyle Group agrees to buy Lukoil’s global assets after sanctions pressure
U.S. private equity firm Carlyle Group has agreed to an initial deal to buy most of Lukoil’s foreign assets, which Russia’s second-largest oil company is being forced to sell because of U.S. sanctions. The...
Exxon’s XTO unit seeks buyers for select Eagle Ford assets
Oil major Exxon Mobil’s subsidiary XTO Energy is seeking buyers for some of its assets in the Eagle Ford shale basin in South Texas, an Exxon spokesperson confirmed to Reuters in a statement. In recent days, top U...
Shell considers exit from Argentina’s Vaca Muerta shale play, sources say
Oil major Shell is considering a sale of its assets in Argentina’s Vaca Muerta shale play and has approached potential buyers in recent weeks to gauge their interest, three sources familiar with the matter told...
Cenovus considers selling some Alberta assets valued around C$3 billion, sources say
Canadian oil producer Cenovus Energy is considering a sale of conventional oil and gas assets in the Deep Basin of Alberta as it looks to cut debt after the recent takeover of oil sands rival MEG Energy, two sources...
Russia’s Gazprom Neft provisionally agrees to sell NIS stake to Hungary’s MOL
Russia’s Gazprom Neft has reached a provisional agreement to sell its majority stake in Serbian oil refiner NIS to Hungary’s MOL, Serbia’s Energy Minister Dubravka Djedovic Handanovic said on Monday...
Shell, Mitsubishi exploring sale options for their stakes in LNG Canada, sources say
Oil major Shell and Japanese conglomerate Mitsubishi Corp are exploring sale options for their respective stakes in the C$40 billion ($28.8 billion) LNG Canada project, three sources familiar with the matter told...
Brazil’s Brava buys Petronas’ stakes in two offshore fields for $450 million
Brazilian oil firm Brava Energia announced on Friday the acquisition of the stakes owned by Malaysia’s Petronas in two offshore fields for $450 million, kicking off a new strategic plan outlined by the...
TotalEnergies to sell its onshore Nigerian SPDC assets to new buyer
French major TotalEnergies has signed an agreement to sell its 10% non-operated stake in the Nigerian onshore oil asset SPDC, renamed as Renaissance JV, to Vaaris, it said on Wednesday, after a failed sale last year to...
Nigeria’s Tinubu approves $1.42 billion debt write-off for state oil firm NNPC
Nigerian President Bola Tinubu has approved the cancellation of $1.42 billion and 5.57 trillion naira ($3.85 billion) in debts owed by state oil firm NNPC Ltd to the government, the presidency said on Monday. The...
Serbia’s NIS gets US approval to negotiate sale of Russian stake
The U.S. has granted Serbian oil refiner NIS until March 24 to negotiate the sale of its Russian owner’s stake, Serbia’s state-owned RTS TV reported on Wednesday. However, RTS said NIS had not obtained an...
