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...
Kuwait’s KPC draws BlackRock, Brookfield, EIG to possible $7 billion pipeline deal, sources say
National oil company Kuwait Petroleum Corporation (KPC) has held early stage talks with a large group of potential investors over a $7 billion stake sale in its crude oil pipelines, three sources familiar with the...
TotalEnergies takes over 100% of Zeeland refinery from co-owner Lukoil, sources say
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...
