Shell has received approval from Nigeria’s oil minister for the sale of $2.4 billion in onshore and shallow-water assets to Renaissance Group, Renaissance said in a statement on Wednesday. The approval marks the...
Kosmos Energy walks away from Tullow Oil acquisition
U.S. oil and gas firm Kosmos Energy walked away from its pursuit of West Africa-focused Tullow Oil on Tuesday, without specifying any reason for the decision, prompting a 10% drop in Tullow’s shares. Kosmos’...
Kosmos in early talks for Tullow Oil takeover
U.S. oil and gas company Kosmos Energy is in early talks for an all-share acquisition of Tullow Oil that would create a West Africa-focused producer. The merger of the two heavily indebted firms would be the latest in a...
Kosmos Energy in early talks for Tullow Oil takeover
U.S. oil and gas company Kosmos Energy said on Thursday it was in early talks for an all-share acquisition of West Africa-focused Tullow Oil. Earlier in the day, Tullow addressed, recent media speculation by announcing...
ADNOC gets CCI clearance to acquire Covestro for USD 16.4 billion
Fair trade regulator CCI on Tuesday said it has approved Abu Dhabi National Oil Company’s (ADNOC) proposal to acquire Covestro for USD 16.4 billion. Abu Dhabi’s state-owned oil firm ADNOC is an energy and...
ONGC, NTPC Green JV set to buy Ayana Renewable for $750 million
ONGC NTPC Green Pvt Ltd (ONGPL), an equal joint venture between ONGC Green and NTPC Green, is set to acquire a 100% stake in Ayana Renewable Power for $700-750 million, according to people with knowledge of the matter...
TotalEnergies set to acquire renewable energy firm VSB Group for $2.1 bn amid Adani investment halt
Global energy giant TotalEnergies SE is close to acquiring VSB Group from private equity firm Partners Group Holding AG in a deal that values VSB at nearly $2.1 billion, Bloomberg reported on Tuesday, December 3, citing...
ONGC arm acquires minority stake in ACG from Equinor
Oil & Natural Gas Corporation (ONGC) said that its wholly owned subsidiary, ONGC Videsh has acquired 0.615% stake in offshore Azeri Chirag Gunashli (ACG) field in Azerbaijan from Equinor. ACG is a super-giant...
Repsol sells Colombian oil and gas assets for $530 million
Spanish oil company Repsol has agreed to sell oil and gas production assets in Colombia to Geopark for $530 million, the two companies said on Friday. The assets include Repsol’s oil extraction operation in...
RIL subsidiary acquires 21% stake in US-based Wavetech Helium for $12 million
Reliance Finance and Investments USA LLC, a step-down wholly owned subsidiary of Reliance Industries has acquired a 21% stake in US-based Wavetech Helium, Inc. for around $12 million (Rs 100 crore), the company said in...
Blackstone to buy pipeline stakes from EQT for $3.5 billion
Natural gas producer EQT said on Monday that alternative asset manager Blackstone would buy minority stakes in some of its pipelines for $3.5 billion in cash through a joint venture. The sale would help EQT, one of the...
NCLAT okays sale of Infrastructure Leasing & Financial Services stake in IL&FS Paradip Refinery Water Ltd
The National Company Law Appellate Tribunal (NCLAT) Friday allowed Infrastructure Leasing & Financial Services (IL&FS) to sell its 100% stake in IL&FS Paradip Refinery Water Ltd (IPRWL) to a successful...
