Canadian oil producer Strathcona Resources on Tuesday said it will go public by acquiring smaller rival Pipestone Energy Corp in an all-stock deal to create a combined business with a market capitalization of C$8.6...
US oil M&A jumps as private equity unloads shale assets
U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals. U.S. oil exploration and production deals last...
TC Energy to sell 40% in Columbia gas transmission systems for $4 bln
Canada’s TC Energy, best known for its Keystone oil pipeline, will divest a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines for C$5.2 billion ($3.95 billion) to Global...
UK’s National Grid to sell further 20% stake in gas unit
Britain’s National Grid said it would sell a further 20% stake in its UK gas transmission and metering business to the existing majority owners, an investor-consortium led by Australia’s Macquarie Asset...
Abu Dhabi National Oil Company confirms talks on Borouge-Borealis merger
Abu Dhabi National Oil Company (ADNOC) P.J.S.C. (“ADNOC”) is excited to confirm that, following initial exploratory discussions, it has entered into formal negotiations with OMV AG (“OMV”), about...
Exxon Mobil Corp to buy Denbury in $4.9 bn all-stock transaction deal
Exxon Mobil Corp said it would buy Denbury Inc in an all-stock transaction valued at $4.9 billion, giving the oil major access to the largest carbon dioxide pipeline network in the United States. Plano, Texas-based...
IL&FS’ stake sale in IPRWL to Indian Oil Adani hits IOC hurdle
The sale of IL&FS Paradip Refinery Water to IndianOil Adani Ventures, a deal worth ₹600 crore, has hit a roadblock with the state-owned refiner Indian Oil Corporation (IOC) delaying the consent, raising concerns...
Energy producer TRP explores $1.5 billion Permian asset sale
TRP Energy is exploring a possible sale of its oil and gas operations in the Permian basin that could fetch more than $1.5 billion, the latest company to do so at a time of high demand for acreage in the heart of U.S...
Volkswagen subsidiary MAN Energy Solutions sells gas turbine business to China’s CHGT
Volkswagen subsidiary MAN Energy Solutions said it signed an agreement to sell its gas turbine business to Chinese state-owned CSIC Longjiang GH Gas Turbine Co (GHGT), as the company phases out its fossil fuel business...
TotalEnergies buys $219 million stake in LNG developer NextDecade
TotalEnergies will buy a 17.5% stake in U.S. liquefied natural gas developer NextDecade for $219 million, the French group said on Wednesday, part of a broader deal to enable the Texas company’s Rio Grande LNG...
North Sea oil producer Harbour in merger talks with Talos – sources
Britain’s largest North Sea oil and gas producer, Harbour Energy, is in talks to merge with Gulf of Mexico peer Talos Energy, four people familiar with the matter said. The move would offer Harbour an opportunity...
Singaporean fund GIC takes minority stake in German gas specialist Messer
German industrial gases company Messer said that Singaporean sovereign wealth fund GIC has invested a minority stake in the business as part of a strategic partnership. The proceeds from the investment will help Messer...
