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...
Abu Dhabi National Oil Company confirms talks on Borouge-Borealis merger
Abu Dhabi National Oil Company (ADNOC) P.J.S.C. (“ADNOC”) is excited to confirm that, following initial exploratory discussions, it has entered into formal negotiations with OMV AG (“OMV”), about...
Exxon Mobil Corp to buy Denbury in $4.9 bn all-stock transaction deal
Exxon Mobil Corp said it would buy Denbury Inc in an all-stock transaction valued at $4.9 billion, giving the oil major access to the largest carbon dioxide pipeline network in the United States. Plano, Texas-based...
IL&FS’ stake sale in IPRWL to Indian Oil Adani hits IOC hurdle
The sale of IL&FS Paradip Refinery Water to IndianOil Adani Ventures, a deal worth ₹600 crore, has hit a roadblock with the state-owned refiner Indian Oil Corporation (IOC) delaying the consent, raising concerns...
Energy producer TRP explores $1.5 billion Permian asset sale
TRP Energy is exploring a possible sale of its oil and gas operations in the Permian basin that could fetch more than $1.5 billion, the latest company to do so at a time of high demand for acreage in the heart of U.S...
