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...
US oil and gas producer CrownRock to explore $10 bln-plus sale – sources
CrownRock LP is preparing to explore a sale that could value it at well over $10 billion including debt, people familiar with the matter said, in what could be the largest deal for a U.S. oil and gas producer going back...
Ithaca Energy acquires Shell’s stake in UK Cambo field
Ithaca Energy agreed to acquire Shell’s 30% stake to take full control of the undeveloped Cambo oil and gas field in the West of Shetland region of the British North Sea, the smaller oil producer said on Tuesday...
Diamondback, Five Point Energy form water management joint venture
U.S. shale oil producer Diamondback Energy has formed a new joint venture with private equity firm Five Point Energy LLC to create a water infrastructure network in the Midland Basin that is part of the oil-rich Permian...
PetroChina buys EV charging firm Potevio New Energy
PetroChina has acquired 100% of electric vehicle (EV) charging firm Potevio New Energy Co Ltd in the latest lower-carbon investment by China’s top oil and gas company, parent CNPC said on Friday. Set up in 2010...
