Spanish holding firm Criteria said on Monday it had not reached an agreement with Abu Dhabi’s TAQA over a potential joint takeover bid for Spanish gas firm Naturgy. El Mundo newspaper had earlier reported, citing...
Hungary to buy 5% stake in Azerbaijan’s Shah Deniz gas field
Hungarian state-owned energy conglomerate MVM will buy a 5% stake in Azerbaijan’s Shah Deniz gas field, it said in a statement on Wednesday. Hungary, a landlocked country, has been importing natural gas mainly...
Parkland to sell Canadian propane business for $84 mln amid investor pressure
Canadian fuel distributor Parkland said on Wednesday it would sell its Canadian commercial propane business to Avenir Energy for about C$115 million ($84.00 million) in cash amid a push by investors for a strategic...
Talks end on Shell MiRO refinery stake sale to Czech firm, sources say
Talks on the sale of Shell Deutschland’s 32.5% stake in Mineraloelraffinerie Oberrhein GmbH (MiRO) in the southern German city of Karlsruhe to Czech state-owned pipeline operator MERO have ended without an...
Double Eagle explores $6.5 billion sale of shale oil producer, sources say
Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people familiar with the...
ConocoPhillips to buy Marathon Oil in $22.5 bln deal in latest energy merger
Top U.S. independent oil and gas producer ConocoPhillips on Wednesday agreed to buy Marathon Oil for $22.5 billion, the latest in a series of mega-deals in the energy industry. The U.S. oil and gas industry has been...
Hess shareholders approve merger with Chevron
Hess Corp approved the company’s $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote. The merger required a majority vote to approve the deal by a majority of...
Big electoral bond buyer Megha Engineering to sell city gas business
Hyderabad-based Megha Engineering and Infrastructures (MEIL), which is the second-biggest buyer of electoral bonds – at ₹966 crore – and is facing corruption allegations, has put its city gas distribution...
Saudi Arabia plans Aramco share sale as soon as June, sources say
Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region’s biggest stock deals, two people familiar with the matter said. The offering...
Hess-Chevron merger vote appears ripe for narrow approval
Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil...
ADNOC to sell about 5.5% additional stake in drilling unit
Abu Dhabi National Oil Company plans to sell a roughly 5.5% stake in its drilling unit, more than two years after it raised $1.1 billion from an initial public offering of part of the business, it said on Wednesday...
Phillips 66 to buy PE-owned Pinnacle Midland for $550 mln
Phillips 66 on Monday agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner’s natural gas gathering and...
