Iraq said on Tuesday it has agreed to a smaller 30% stake in TotalEnergies long-delayed $27 billion project, reviving a deal that Baghdad hopes could lure back foreign investment into the battered country which craves...
Energy producer Ovintiv nears $4 billion Permian oil deal
Ovintiv Inc is nearing a deal to acquire oil exploration and production assets in the Permian Basin that are controlled by private equity firm EnCap Investments for about $4 billion including debt, people familiar with...
Italy’s Snam can cut stake in Italgas through exchangeable bonds
Italy’s Snam and state lender Cassa Depositi e Prestiti (CDP) tweaked their shareholders’ pact over gas distributor Italgas, introducing the option for Snam to cut its stake by issuing exchangeable bonds, a...
British oil producer Hurricane Energy surges on acquisition deal with Prax
Shares in Hurricane Energy soared up to 31% after it agreed on Thursday to be bought by London-based oil refining firm Prax Exploration & Production, valuing the British oil producer at 249 million pounds ($300.6...
Exxon considers selling stake in LNG terminal offshore Italy
Exxon Mobil Corp is considering selling its majority stake in Italy’s main regasification terminal as part of a wider strategy to divest from noncore assets, the company said in a statement on Wednesday. The...
Bankruptcy court approves Gail India’s resolution plan for JBF Petrochemicals
India’s bankruptcy court Monday approved Gail Ltd’s resolution plan of Rs 2101 crore for JBF Petrochemicals, in a rare instance of a government-owned entity acquiring a company under the Insolvency and Bankruptcy...
Mahanagar Gas to acquire Ashoka Buildcon’s city gas arm Unison Enviro
Mahanagar Gas (MGL) signed an agreement to acquire rival private sector city gas distributor Unison Enviro from its promoters and existing shareholders Ashoka Buildcon and an investment fund managed by Morgan Stanley...
Japan’s Inpex buys stake in UK offshore wind farm from Mitsubishi
Inpex, Japan’s largest oil and gas exploration and production company, said on Thursday it has bought a 16.7% stake in the Moray East offshore wind farm in Scotland from Mitsubishi to expand further into renewable...
Pioneer Natural Resources denies report of acquisition interest
Oil and gas explorer Pioneer Natural Resources Co said on Friday that it was not pursuing any business combinations after Bloomberg News reported that the oil and gas explorer was considering an acquisition of smaller U...
BP to buy TravelCenters for $1.3 bln in U.S. fuel retail drive
BP will buy truck fueling provider TravelCenters of America Inc for about $1.3 billion, the companies said on Thursday, as the British energy giant seeks to expand its retail network in a bet on biofuels and electric...
Galp planning to sell 10% stake in Mozambique gas project – report
Portugal’s Galp Energia has mandated Bank of America to prepare a sale of its 10% stake in a multibillion-dollar natural gas project in Mozambique’s Rovuma basin, the Negocios newspaper said on Thursday...
Enagas cancels acquisition of 20% stake in BBL pipeline
Spanish grid operator Enagas has canceled the acquisition of a 20% stake in the BBL gas pipeline from German power utility Uniper, it told market regulator CNMV. “The company informs that the closing of the...
