Tullow Oil has signed an agreement with Gabon Oil Company to sell its entire working interests in Gabon for $300 million in cash, the London-listed company said on Monday, as it looks to reduce its debt burden. The West...
Wood Group to extend deadline on deal talks with Dubai’s Sidara, FT reports
British oilfield services and engineering firm Wood Group has agreed to extend a deadline for talks with Dubai-based Sidara for a possible takeover offer after a failed attempt six months ago, the Financial Times...
Masdar weighs buying stake in TotalEnergies’ Portuguese renewables, sources say
Abu Dhabi renewable energy company Masdar is exploring the acquisition of a stake in French oil major TotalEnergies’ Portuguese renewables assets, three people with knowledge of the matter told Reuters. Any deal...
BP sells Apollo $1 billion stake in firm invested in TANAP gas pipeline
BP has agreed to sell a stake in a firm invested in the TANAP gas pipeline linking Azerbaijan and Turkey for $1 billion to Apollo Global Management, the two firms said on Friday. CEO Murray Auchincloss is spearheading a...
NCLAT junks bankruptcy case against Essar Oil and Gas Exploration
The National Company Law Appellate Tribunal (NCLAT) has set aside the bankruptcy case against Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a subsidiary of Essar Group. An NCLAT bench led by chairperson...
Italy clears Italgas’ deal for 2i Rete Gas with conditions
Italy’s antitrust has conditionally approved the acquisition of 2i Rete Gas by domestic rival Italgas, the largest gas distributor in Europe, the authority said on Tuesday. Italgas agreed in October to buy 2i Rete...
Canada’s Whitecap, Veren in $10.4 billion merger to boost shale presence
Whitecap Resources will merge with peer Veren in an all-stock deal valued at C$15 billion ($10.43 billion), including debt, creating the seventh-largest Canadian oil-and-gas producer. The merger announced on Monday is...
Canada’s Parkland launches strategic review to consider sale of company
Canadian fuel refiner and retailer Parkland Corp said on Wednesday it had launched a strategic review that could result in the sale of the company. Calgary-based Parkland said the review was necessary to “maximize...
ONGC unit acquires PTC Energy for $106 mn to expand its green portfolio
Indian oil explorer Oil and Natural Gas Corp said on Tuesday its unit acquired clean energy firm PTC Energy for Rs 9.25 billion ($106.02 million) as the company looks to ramp up its green energy portfolio. CONTEXT PTC...
ADNOC and OMV to merge petrochemical firms to create $60 billion giant
Abu Dhabi National Oil Company and Austria’s OMV will merge their polyolefin businesses to create a chemicals powerhouse with a $60 billion enterprise value, as the Gulf state oil company advances an aggressive...
MPLX to buy remaining interest in BANGL natural gas pipeline for $715 million
Midstream company MPLX said on Friday it would buy the remaining 55% interest in the BANGL natural gas pipeline from the affiliates of WhiteWater and Diamondback Energy for $715 million, as it looks to increase its...
Expand Energy explores sale of most of iconic Oklahoma campus, say broker, documents
Expand Energy, the largest U.S. natural gas producer formerly known as Chesapeake, is looking to sell the bulk of its storied Oklahoma City, Oklahoma, campus, according to a document reviewed by Reuters and the brokers...
