Oil producer Capricorn Energy confirmed on Tuesday that it had received multiple proposals from Dragon Oil for the potential acquisition of its Western Desert assets. Capricorn did not disclose the proposed terms...
Hungary’s MOL has U.S. approval to continue NIS acquisition talks
Hungary’s MOL said it received U.S. approval to continue negotiations regarding the acquisition of a majority stake in Serbia’s NIS refinery, with the deadline for negotiations extended until May 22. In...
GAIL to acquire 49% stake in Leafiniti Bioenergy (arm of TruAlt Bioenergy)
TruAlt Bioenergy today announced a strategic investment of Rs 13 crore by GAIL (India) in its subsidiary, Leafiniti Bioenergy (LBPL), marking a significant step in advancing its Compressed Biogas (CBG) portfolio and...
ADNOC and OMV are set to complete chemicals mega-merger by end of March
Abu Dhabi National Oil Company and Austria’s OMV expect to complete by the end of March a mega-merger to create a global chemicals giant, the companies said on Thursday, after years of talks. The deal, first...
3D Energi says ConocoPhillips’ Australian unit seeks to buy its stake in Otway Basin
Australia’s 3D Energi said on Wednesday it received a buyout notice from the Australian unit of ConocoPhillips to acquire its participating interest in the VIC/P79 exploration permit, offshore Otway Basin, for...
Petrobras to purchase Petronas’ stakes in two offshore fields for $450 million
Brazilian state-run firm Petrobras said on Monday it had decided to exercise its right to purchase Malaysian company Petronas’ 50% stake in two offshore fields in Brazil for $450 million, according to a...
EIG’s MidOcean Energy buys additional Australian LNG stakes from JERA
MidOcean Energy, an LNG company backed by U.S. energy-focused private equity firm EIG, has agreed to acquire additional Australian liquefied natural gas project stakes from Japan’s JERA, the companies said on Thursday...
London-listed Capricorn Energy gets takeover proposals from unit of Saudi’s Cafani Group
Oil producer Capricorn Energy said on Wednesday it has received multiple non-binding takeover proposals from Alamadiyaf al-Masiyyah, a Cafani Group-affiliated investment vehicle, for a possible all-cash deal...
Shell to offload Jiffy Lube to Monomoy Capital for $1.3 billion
Shell said on Monday it will sell its Jiffy Lube lubricant shop chain to an affiliate of private equity firm Monomoy Capital Partners for $1.3 billion, as the oil major continues to shed non-core assets under CEO Wael...
TotalEnergies sells 50% stake in German battery storage projects to Allianz GI
French oil major TotalEnergies has sold a 50% stake in 11 battery projects under construction in Germany to Allianz Global Investors, the companies said on Tuesday, as interest grows in Germany’s fast-growing...
NARCL may bid ₹900 cr for Videocon Oil’s over ₹30,000 cr debt
NARCL plans to submit a bid of around ₹900 crore to acquire the stressed debt of Videocon Oil Ventures (VOVL). The total admitted claims amount to ₹30,640 crore, including accumulated interest. VOVL, the oil and gas...
IOCL, BPCL, and HPCL to take 35% stake in shipping freight joint venture with SCI
India’s oil refiners and its state-run shipping utility are committing significant equity stakes to a dedicated maritime freighting joint venture to cut overseas reliance on transporting both crude oil and refined...
