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...
Pioneer Natural Resources denies report of acquisition interest
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...
