Chevron is selling a collection of pipeline assets in the Denver-Julesburg shale basin that are likely to fetch more than $2 billion, people familiar with the matter said. Investment bankers at Bank of America have been...
TotalEnergies sells stake in French renewable portfolio for $155 million
French oil major TotalEnergies on Tuesday said that it is selling a 50% stake in a 270 megawatt portfolio of French wind and solar assets to investment fund manager Eiffel Investment Group. The transaction values the...
Nigeria approves Shell, Agip buyout of TotalEnergies’ stake in Bonga oilfield
Nigeria’s oil regulator has approved a $510 million deal by TotalEnergies to sell its entire 12.5% interest in oil mining lease (OML) 118, which hosts the offshore Bonga oilfield, to the field’s operator...
ADNOC-led consortium pulls $18.7 billion bid for Australia’s Santos
Abu Dhabi National Oil Company has withdrawn the $18.7 billion offer it led to buy Australian gas producer Santos after months of wrangling over valuation and terms. The move on Wednesday may slow down ADNOC’s...
California Resources to buy Berry Corp in $717 million deal amid regulatory shift
California Resources said on Monday it would buy rival Berry Corp, hoping to create a bigger, more cost-efficient oil and gas producer in the most populous U.S. state as it eases its stringent environmental regulations...
Phillips 66 buys remaining stake in major US refineries from Cenovus for $1.4 billion
Phillips 66 said on Tuesday it will acquire the remaining 50% stake in WRB Refining from Cenovus Energy for $1.4 billion, giving it full ownership of two major U.S. refineries. Shares of the U.S. refiner were up 2.7%...
Canada’s Strathcona buys more MEG Energy shares, to oppose Cenovus deal
Canadian oil and gas producer Strathcona Resources said on Thursday it has bought additional 6.04 million common shares of rival MEG Energy for about C$172.7 million ($124.99 million). Strathcona now owns or controls...
Plains to buy EPIC Crude stake for $1.6 billion from Diamondback, Kinetik
Plains All American Pipeline said on Tuesday it would buy a 55% stake in pipeline operator EPIC Crude Holdings from units of Diamondback Energy and Kinetik Holdings for $1.57 billion, including $600 million in debt...
Strathcona Resources acquires additional MEG Energy shares
Canadian oil and gas producer Strathcona Resources said on Tuesday it has purchased additional 6.66 million common shares of rival MEG Energy for about C$190.8 million ($138.09 million). With this acquisition...
Canada’s Strathcona seeks to raise MEG Energy stake, opposes Cenovus bid
Canadian oil and gas producer Strathcona Resources said on Thursday it intends to buy an additional 5% stake in rival MEG Energy and vote against the acquisition of MEG by another rival, Cenovus Energy. Cenovus agreed...
EPIC Crude pipeline owners explore $3 billion sale, sources say
The owners of the EPIC Crude pipeline are exploring a sale, with any deal likely to value the energy infrastructure at around $3 billion including debt, people familiar with the matter said. EPIC Crude is one of the...
Air Liquide to buy South Korea’s DIG Airgas for $3.3 billion to bolster Asia footprint
Air Liquide has signed a binding deal to buy South Korea’s DIG Airgas from Macquarie Asia-Pacific Infrastructure Fund 2, valuing it at 2.85 billion euros ($3.3 billion), the French industrial gases group said on Friday...
