Japan’s largest provider of city gas Tokyo Gas has joined the race to acquire a minority stake in Think Gas Distribution, Indian natural gas supplier owned by private equity fund I Squared Capital, said two people...
Capital Power acquires two LNG-fired power plants in U.S. for $1.1 bln
Canadian energy company Capital Power said it was acquiring two U.S.-based natural gas-fired generation facilities in California and Arizona for a net cost of $1.1 billion. Capital, like some of its rivals, is aiming to...
Canada’s Crescent Point to buy Montney shale firm Hammerhead for $1.86 bln
Canadian oil producer Crescent Point Energy said it has agreed to acquire Hammerhead Energy in a cash and stock deal valued at C$2.55 billion ($1.86 billion) to boost its presence in the Montney shale play in Alberta...
IOC acquires Mercator Petroleum for Rs 148 crore
State-owned Indian Oil Corporation (IOC) has acquired Mercator Petroleum for about Rs 148 crore in an insolvency proceeding, according to regulatory filings by the company. “The resolution plan submitted by IOC...
Chevron to buy Hess Corp for $53 billion in all-stock deal
Chevron has agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil’s massive Guyana discoveries, the latest in a series of blockbuster U.S. oil...
PTC India approves ONGC’s bid to buy PTC Energy for ₹925 crore
PTC India at its board meeting approved ONGC’s bid to acquire its subsidiary PTC Energy Limited for ₹925 crore. In an exchange filing, PTC India said, “PTC India in its Board Meeting held on 19 October has...
Natgas producer Chesapeake explores buying Southwestern Energy – sources
U.S. natural gas producer Chesapeake Energy Corp has approached Southwestern Energy, a peer valued by the stock market at $12 billion including debt, about a potential acquisition, people familiar with the matter said...
Exxon in advanced talks for $60 bln acquisition of Pioneer – sources
Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer at about $60 billion, people familiar with the matter said on Thursday. The acquisition...
Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock
Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy’s main liquefied natural gas (LNG) import terminal, the U.S. oil producer said in a statement. The stake sale drew interest...
BP explores $1 billion US pipelines stake sale – sources
BP Plc is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter. The potential divestment...
Shell weighs sale of Sprng assets stake
Shell Plc is looking to sell a stake in the operational assets of Sprng Energy Group, a renewable assets platform it acquired in 2022 from Actis Llp at an enterprise value of $1.55 billion, said two people aware of the...
Petronas nears $1.6 billion deal to acquire minority stake in India’s AM Green unit: Report
Malaysia’s state oil giant Petroliam Nasional Bhd. is nearing a deal to acquire a minority stake in the ammonia unit of India’s AM Green for about $1.6 billion. Petronas is in advanced talks to buy about a 25 per cent...
