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...
Volkswagen subsidiary MAN Energy Solutions sells gas turbine business to China’s CHGT
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...
