Volkswagen subsidiary MAN Energy Solutions said it signed an agreement to sell its gas turbine business to Chinese state-owned CSIC Longjiang GH Gas Turbine Co (GHGT), as the company phases out its fossil fuel business...
TotalEnergies buys $219 million stake in LNG developer NextDecade
TotalEnergies will buy a 17.5% stake in U.S. liquefied natural gas developer NextDecade for $219 million, the French group said on Wednesday, part of a broader deal to enable the Texas company’s Rio Grande LNG...
North Sea oil producer Harbour in merger talks with Talos – sources
Britain’s largest North Sea oil and gas producer, Harbour Energy, is in talks to merge with Gulf of Mexico peer Talos Energy, four people familiar with the matter said. The move would offer Harbour an opportunity...
Singaporean fund GIC takes minority stake in German gas specialist Messer
German industrial gases company Messer said that Singaporean sovereign wealth fund GIC has invested a minority stake in the business as part of a strategic partnership. The proceeds from the investment will help Messer...
UK’s Asda to buy EG petrol stations unit in $2.9-bln deal
British supermarket Asda said it would buy the bulk of petrol station operator EG Group’s UK and Ireland business to speed up its move into the convenience sector, creating a company with combined revenue of...
Indian state oil companies in talks to buy stake in Tullow’s Kenya block: Oil India
Indian state-run oil exploration companies are in talks with Tullow Oil to buy a stake in the London-based firm’s block in Kenya, Oil India Chairman Ranjit Rath said. Oil India, along with ONGC Videsh, the...
Oil Ministry working on proposal to merge MRPL with HPCL
The oil ministry is drawing up a proposal to merge Mangalore Refinery and Petrochemicals Ltd (MRPL) into Hindustan Petroleum Corp Ltd (HPCL), the two listed subsidiaries of Oil and Natural Gas Corp (ONGC), according to...
Chevron to boost U.S. presence with $7.6 billion PDC Energy buy
Chevron Corp said it is increasing its U.S. oil and gas footprint by acquiring shale producer PDC Energy Inc in a stock-and-debt transaction worth $7.6 billion. For Chevron, the second-largest U.S. oil firm, the deal...
Sterling Oil admitted for bankruptcy
The bankruptcy court has admitted Sterling Oil Resources Ltd under the corporate insolvency resolution process following a plea by its financial creditor, State Bank of India (SBI). SBI had moved the bankruptcy court...
Mubadala, others eye stake in I Squared’s India gas business
Mubadala Investment, sovereign wealth fund of the United Arab Emirates, and a couple of Japanese investors including Sumitomo are in the race to acquire a 30% stake in Indian natural gas distribution business of I...
Russia’s Lukoil completes sale of ISAB oil refinery in Italy
Russia’s second-largest oil producer Lukoil said its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian...
Brazil’s Petrobras to keep stake in Colombia’s deepwater block Tayrona
Brazil’s state-controlled oil company Petrobras has abandoned a plan to sell its 44% stake in a promising offshore gas project it shares with Colombia’s Ecopetrol in the Andean country, a Petrobras executive...
