Russia’s government has approved the sale of Shell’s former 27.5% stake in the Sakhalin-2 energy project to Russian energy firm Novatek for 94.8 billion roubles ($1.16 billion), a government order showed on...
ONGC increases stake in Mangalore SEZ to 49%
State-owned Oil and Natural Gas Corporation (ONGC) said that it has bought 11,520,000 shares of Mangalore SEZ Limited from IL&FS. The company in its regulatory filing said it has acquired 1,1520,000 equity shares of...
Exxon eyes potential purchase of shale driller Pioneer -WSJ
Exxon Mobil Corp has held preliminary talks with Pioneer Natural Resources Co about a possible acquisition of the U.S. shale oil producer, the Wall Street Journal reported, citing people familiar with the matter...
Buyout firm EnCap eyes nearly $3 bln of Permian asset sales -sources
EnCap Investments is exploring the sale of two Permian basin-focused oil and gas producers that could collectively fetch the private equity firm nearly $3 billion, people familiar with the matter said on Thursday...
Iraq agrees to 30% stake in TotalEnergies $27 bln energy project
Iraq said on Tuesday it has agreed to a smaller 30% stake in TotalEnergies long-delayed $27 billion project, reviving a deal that Baghdad hopes could lure back foreign investment into the battered country which craves...
Energy producer Ovintiv nears $4 billion Permian oil deal
Ovintiv Inc is nearing a deal to acquire oil exploration and production assets in the Permian Basin that are controlled by private equity firm EnCap Investments for about $4 billion including debt, people familiar with...
Italy’s Snam can cut stake in Italgas through exchangeable bonds
Italy’s Snam and state lender Cassa Depositi e Prestiti (CDP) tweaked their shareholders’ pact over gas distributor Italgas, introducing the option for Snam to cut its stake by issuing exchangeable bonds, a...
British oil producer Hurricane Energy surges on acquisition deal with Prax
Shares in Hurricane Energy soared up to 31% after it agreed on Thursday to be bought by London-based oil refining firm Prax Exploration & Production, valuing the British oil producer at 249 million pounds ($300.6...
Exxon considers selling stake in LNG terminal offshore Italy
Exxon Mobil Corp is considering selling its majority stake in Italy’s main regasification terminal as part of a wider strategy to divest from noncore assets, the company said in a statement on Wednesday. The...
Bankruptcy court approves Gail India’s resolution plan for JBF Petrochemicals
India’s bankruptcy court Monday approved Gail Ltd’s resolution plan of Rs 2101 crore for JBF Petrochemicals, in a rare instance of a government-owned entity acquiring a company under the Insolvency and Bankruptcy...
Mahanagar Gas to acquire Ashoka Buildcon’s city gas arm Unison Enviro
Mahanagar Gas (MGL) signed an agreement to acquire rival private sector city gas distributor Unison Enviro from its promoters and existing shareholders Ashoka Buildcon and an investment fund managed by Morgan Stanley...
Japan’s Inpex buys stake in UK offshore wind farm from Mitsubishi
Inpex, Japan’s largest oil and gas exploration and production company, said on Thursday it has bought a 16.7% stake in the Moray East offshore wind farm in Scotland from Mitsubishi to expand further into renewable...
