Oil and gas explorer Pioneer Natural Resources Co said on Friday that it was not pursuing any business combinations after Bloomberg News reported that the oil and gas explorer was considering an acquisition of smaller U...
BP to buy TravelCenters for $1.3 bln in U.S. fuel retail drive
BP will buy truck fueling provider TravelCenters of America Inc for about $1.3 billion, the companies said on Thursday, as the British energy giant seeks to expand its retail network in a bet on biofuels and electric...
Galp planning to sell 10% stake in Mozambique gas project – report
Portugal’s Galp Energia has mandated Bank of America to prepare a sale of its 10% stake in a multibillion-dollar natural gas project in Mozambique’s Rovuma basin, the Negocios newspaper said on Thursday...
Enagas cancels acquisition of 20% stake in BBL pipeline
Spanish grid operator Enagas has canceled the acquisition of a 20% stake in the BBL gas pipeline from German power utility Uniper, it told market regulator CNMV. “The company informs that the closing of the...
New Capricorn board scraps NewMed merger after shareholder revolt
British oil and gas producer Capricorn Energy pulled the plug on its planned merger with Israeli gas group NewMed Energy after months of shareholder pressure that also toppled Capricorn’s leadership. Activist...
Oilfield services firm DTI to list in New York via $319 mln SPAC merger
Drilling Tools International (DTI), which builds and rents out drilling equipment for oil and gas companies, has agreed to combine with special purpose acquisition company (SPAC) ROC Energy Acquisition Corp, the...
Chevron agrees to sell Myanmar assets and will exit country
U.S. oil major Chevron Corp said it had agreed to sell its assets in Myanmar to Canadian company MTI, in a deal that allows it to leave the Asian country. The agreement comes one year after Chevron and other oil...
Malaysia’s Petronas to sell South Africa’s Engen to Vivo Energy
Malaysian state energy company Petronas (PETR.UL) is selling its 74% stake in South Africa’s largest gas station chain Engen to Vivo Energy, the firms said on Thursday, a deal that will create one of...
Exxon to merge some business units as part of cost-cutting plan
Exxon Mobil Corp said it is merging some business units as part of an effort to cut annual costs by $9 billion by 2023 from 2019 levels. The move follows the restructuring of Exxon’s top businesses disclosed last...
Petronas set to buy Wirsol Australian renewable energy assets -sources
Malaysia’s Petronas is finalising its first acquisition of an Australian renewable energy business, set to pick up German firm Wirsol’s solar farms and a large development pipeline, two people involved in...
TotalEnergies buys extra Canada oil sands project stake, squeezing Suncor
France’s TotalEnergies will buy an extra stake in western Canada’s Fort Hills oil sands mine from Teck Resources, the companies said on Friday, leaving partner Suncor Energy with a smaller slice than planned...
Matador Resources to buy Advance Energy for $1.6 billion
Oil and gas producer Matador Resources Co said it would buy Advance Energy Partners Holdings LLC for $1.6 billion, which includes certain oil and natural gas-producing properties and undeveloped acreage in Lea County...
