Canadian natural gas firm Peyto Exploration & Development has agreed to buy Spanish energy company Repsol’s assets in Canada for $468 million, the two companies said in separate statements. Repsol Canada...
Gulf Oil Lubricants scouting for more acquisitions in the EV charging infra space
Gulf Oil Lubricants is on a lookout for more acquisitions in India and globally within the charging EV ecosystem as it seeks to strengthen its presence in the electric mobility segment where it’s a new entrant. This is...
Energy Transfer to buy Crestwood in $7.1 billion pipeline deal
U.S. energy pipeline operator Energy Transfer agreed to buy rival Crestwood Equity Partners in a deal valued at about $7.1 billion including debt. Consolidation in the oil and gas pipeline business has accelerated this...
Occidental buys carbon air capture tech firm for $1.1 billion
U.S. oil and gas producer Occidental Petroleum agreed to pay $1.1 billion for technology supplier Carbon Engineering Ltd to help it develop a string of carbon-capture sites it hopes will profit from tackling climate...
Carlyle sells Gabon oil firm to France’s Maurel & Prom for $730 mln
Private equity fund Carlyle Group has agreed to sell its Gabon-focused oil and gas company Assala Energy to French producer Maurel & Prom for $730 million, the companies said on Tuesday. Carlyle International Energy...
Brazil’s Petrobras does not intend to sell Braskem stake, report says
Brazilian state-run oil company Petrobras is not planning to sell its 36% stake in petrochemical firm Braskem, newspaper Valor Economico reported on Thursday, citing unnamed sources. Petrobras is one of Braskem’s...
Osaka Gas, Sumitomo near deal for Think Gas stake, sources say
Osaka Gas Co. and Sumitomo Corp. are nearing a deal to buy about a 30% stake in Think Gas Distribution Pvt. that could value the Indian natural gas supplier at as much as $1.5 billion, according to people familiar with...
Australia’s Woodside to sell 10% stake in Scarborough to LNG Japan for $500 mln
Woodside Energy Group said it had entered a deal with LNG Japan to sell a 10% participating interest in its $12 billion Scarborough liquefied natural gas (LNG) project in Australia for $500 million. Australia’s No...
Strathcona to buy rival and go public, creating Canada’s 5th-biggest oil company
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...
