U.S. oil and gas producer Devon Energy is weighing a potential sale of its Eagle Ford and Powder River shale assets that could fetch more than $4 billion, Bloomberg News reported on Friday, citing people familiar...
Oil and Gas
Magnolia Oil & Gas to buy WildFire Energy in $4.06 billion deal
Magnolia Oil & Gas said on Monday it had agreed to acquire WildFire Energy for about $4.06 billion, including debt, to expand its position in the Giddings field in South Texas. The deal includes about 810,000 net...
Repsol, Engie in race for renewable power company Asterion -sources
Spanish oil and gas company Repsol and French utility Engie have submitted indicative offers to buy European renewable power company Asterion Energies, three sources with knowledge of the matter told Reuters. Madrid...
BP to sell Austrian mobility, convenience and EV charging businesses
BP said on Monday it had agreed to sell its Austrian mobility, convenience and electric vehicle (EV) charging businesses to Volenergy AG under confidential terms. The British major is aiming to simplify its...
BPCL agrees to buy Videocon Energy’s stake in BPRL Ventures JV
State-owned Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has signed definitive agreements to acquire the entire stake held by Videocon Energy Brazil Ltd (VEBL) in IBV Brazil Petroleo Limitada. This will...
ONGC in talks to acquire PDVSA stakes in two Venezuela oilfields
Oil and Natural Gas (ONGC) is in talks with Venezuela’s state-run oil company PDVSA to acquire all or part of its stakes in two oilfields in the South American nation, people familiar with the matter said...
Australia’s Woodside Energy says it is unaware of any proposal involving Exxon Mobil
Australia’s Woodside Energy said on Monday it was not aware of any proposal involving U.S. major Exxon Mobil and was not engaged in discussions regarding a potential transaction, responding to recent media...
Woodside exercises pre-emptive right to buy PetroChina’s stake in Browse JV
Woodside Energy exercised its pre-emptive right to acquire PetroChina’s 10.67% stake in the Browse gas fields off the coast of Western Australia, the firm said on Friday, blocking a deal agreed with Japan’s...
Italy to approve Ludoil’s acquisition of Sicilian oil refiner
Italy’s government will give its green light to a planned acquisition of Sicilian oil refiner ISAB by Ludoil, the country’s energy minister told Reuters on Thursday. “Yes, the last details are...
BP held talks to sell North Sea assets to Ithaca for £2 billion, FT reports
BP held advanced talks to sell its UK North Sea assets to Ithaca Energy in a deal worth nearly £2 billion ($2.69 billion), the Financial Times reported on Tuesday, citing people familiar with the matter. While the...
Hungary’s MOL seeks extension to finalise talks to buy Serbia’s NIS, Serbian energy minister says
Hungary’s largest oil and gas corporation, MOL, has asked the U.S. government for a one-month extension to complete talks to buy a majority stake in Serbia’s NIS, an oil company controlled by Russia...
NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil Ventures
Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities — Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) — while setting aside an earlier NCLT...
