British oil and gas producer Capricorn Energy pulled the plug on its planned merger with Israeli gas group NewMed Energy after months of shareholder pressure that also toppled Capricorn’s leadership. Activist...
Oilfield services firm DTI to list in New York via $319 mln SPAC merger
Drilling Tools International (DTI), which builds and rents out drilling equipment for oil and gas companies, has agreed to combine with special purpose acquisition company (SPAC) ROC Energy Acquisition Corp, the...
Chevron agrees to sell Myanmar assets and will exit country
U.S. oil major Chevron Corp said it had agreed to sell its assets in Myanmar to Canadian company MTI, in a deal that allows it to leave the Asian country. The agreement comes one year after Chevron and other oil...
Malaysia’s Petronas to sell South Africa’s Engen to Vivo Energy
Malaysian state energy company Petronas (PETR.UL) is selling its 74% stake in South Africa’s largest gas station chain Engen to Vivo Energy, the firms said on Thursday, a deal that will create one of...
Exxon to merge some business units as part of cost-cutting plan
Exxon Mobil Corp said it is merging some business units as part of an effort to cut annual costs by $9 billion by 2023 from 2019 levels. The move follows the restructuring of Exxon’s top businesses disclosed last...
Petronas set to buy Wirsol Australian renewable energy assets -sources
Malaysia’s Petronas is finalising its first acquisition of an Australian renewable energy business, set to pick up German firm Wirsol’s solar farms and a large development pipeline, two people involved in...
TotalEnergies buys extra Canada oil sands project stake, squeezing Suncor
France’s TotalEnergies will buy an extra stake in western Canada’s Fort Hills oil sands mine from Teck Resources, the companies said on Friday, leaving partner Suncor Energy with a smaller slice than planned...
Matador Resources to buy Advance Energy for $1.6 billion
Oil and gas producer Matador Resources Co said it would buy Advance Energy Partners Holdings LLC for $1.6 billion, which includes certain oil and natural gas-producing properties and undeveloped acreage in Lea County...
ONGC, TotalEnergies plan joint venture
State-run energy major ONGC plans to tie up with French giant TotalEnergies for exploration and production of oil and gas in the Andaman islands, said Sushma Rawat, director, exploration at ONGC Ltd. In an interview...
ExxonMobil sells Esso Thailand stake for $603 million
ExxonMobil has agreed to sell its two-thirds stake in Esso Thailand to Thai energy firm Bangchak Corporation, the companies said in separate statements, in a deal that values the shares at 20.1 billion baht ($603...
Shell energy transition prompted talks to sell Norway business
Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told...
OVL retakes 20% stake in Sakhalin-1 oil, gas fields
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has re-taken a 20 per cent stake in the Sakhalin-1 oil and gas fields in the far east region of Russia, an official said on Monday...
