Top U.S. oil producer Exxon Mobil Corp has agreed to sell conventional oil drilling assets in the Permian Basin of Texas and New Mexico to privately-owned Hilcorp Energy for around $1 billion, four sources familiar with...
Russia explores plan to merge Rosneft with Gazprom subsidiary and Lukoil, WSJ reports
Russia is working on a plan to merge state-backed Rosneft Oil with Gazprom Neft and Lukoil, creating the world’s second-biggest crude oil producer, the Wall Street Journal reported on Friday. Talks between...
NTPC, ONGC may join hands to acquire Ayana
NTPC Ltd may join ONGC as an equal partner in the latter’s bid to acquire Ayana Renewable Power, according to the people with knowledge of the matter. Oil and Natural Gas Corporation (ONGC) has emerged as the...
QatarEnergy takes 50% stake in TotalEnergies solar project in Iraq
QatarEnergy, one of the world’s top suppliers of liquefied natural gas, said on Monday it had agreed to take a 50% stake in TotalEnergies’ 1.25-gigawatt solar project in Iraq. The French energy giant will...
Mahanagar Gas shares in focus as board approves merger with Unison Enviro
Shares of Mahanagar Gas are expected to remain in focus on Friday after the company’s board approved a merger scheme with Unison Enviro and announced its quarterly results. “The Board of Directors of Mahanagar Gas...
Blackstone in talks to buy US pipeline stakes from EQT for $3.5 billion, sources say
Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on Friday. If the...
Shell to acquire power plant operator RISEC Holdings
Shell plc said on Wednesday its unit, Shell Energy North America (SENA), has agreed to acquire RISEC Holdings, the owner of a 609-megawatt gas power plant in Rhode Island. The deal secures long-term supply and capacity...
Phillips 66 aims at $3 bln divestitures target with Swiss venture stake sale
Phillips 66 will sell its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner for $1.24 billion, the U.S. refiner said on Monday. The joint venture operates 324 retail sites and...
Woodside completes $1.2 bln Tellurian acquisition
Woodside Energy said on Wednesday it has completed the acquisition of U.S. liquefied natural gas developer Tellurian, including its U.S. Gulf Coast LNG export project, for $1.2 billion including debt. Last week...
Chevron to sell assets for $6.5 bln to Canadian Natural Resources
Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion, the oil giant said on Monday as it puts in motion its divestiture plan. The all-cash deal, which is...
Shale producer Validus to buy Citizen Energy in deal worth over $2 billion, sources say
Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2 billion, including debt, according to people familiar with the matter. A record consolidation wave has...
FTC set to greenlight Chevron’s $53 bln buy of oil rival Hess, sources say
The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron’s purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil’s challenge to the...
