U.S. energy major Exxon Mobil is in talks to sell its Hong Kong fuel stations in a deal that could fetch a few hundred million dollars, said three people with knowledge of the matter. The company has hired a financial...
Enagas buys 31.5% stake in French grid operator Terega for 573 million euros
Spanish gas grid operator Enagas said on Tuesday it had reached an agreement with Singapore sovereign wealth fund GIC to buy its 31.5% stake in French gas grid operator Terega for 573 million euros ($674.65 million)...
Botswana is in talks on stake in Angola’s Lobito refinery, officials say
Angola’s state oil firm Sonangol has begun high-level talks with Botswana on the sale of a stake in the new $6.6 billion Lobito refinery, two senior company officials said on Thursday. Angola has been seeking...
Petrobras in initial talks to buy back Brazil refinery from Mubadala, sources say
Brazilian state-run oil firm Petrobras is in initial direct negotiations with Abu Dhabi’s Mubadala sovereign wealth fund to repurchase the Mataripe refinery in Brazil, two sources with knowledge of the matter...
Baker Hughes to sell Waygate unit to Hexagon for about $1.45 billion
Baker Hughes said on Monday it will sell its unit, Waygate Technologies, to Sweden-based Hexagon for about $1.45 billion in cash, as the oilfield services provider reorganizes its business to focus on high-growth...
Capricorn Energy confirms Dragon Oil’s proposal for Western Desert assets
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...
