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...
ONGC, TotalEnergies plan joint venture
State-run energy major ONGC plans to tie up with French giant TotalEnergies for exploration and production of oil and gas in the Andaman islands, said Sushma Rawat, director, exploration at ONGC Ltd. In an interview...
ExxonMobil sells Esso Thailand stake for $603 million
ExxonMobil has agreed to sell its two-thirds stake in Esso Thailand to Thai energy firm Bangchak Corporation, the companies said in separate statements, in a deal that values the shares at 20.1 billion baht ($603...
Shell energy transition prompted talks to sell Norway business
Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told...
OVL retakes 20% stake in Sakhalin-1 oil, gas fields
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has re-taken a 20 per cent stake in the Sakhalin-1 oil and gas fields in the far east region of Russia, an official said on Monday...
Oil tanker groups Frontline and Euronav scrap $4.2 billion merger
Oil tanker company Frontline said a $4.2 billion deal to merge with rival Euronav NV was terminated, a combination which would have created the world’s largest publicly listed tanker company. Frontline will not...
Vitol sells stake in Rosneft’s giant oil project
Global commodities trader Vitol has sold its interest in a giant Russian project Vostok Oil, led by the Kremlin-controlled energy major Rosneft, to Dubai-based trader Fossil Trading, Vitol said on Friday. It...
Santos extends exclusivity period for $1.1 bln stake sale in PNG LNG
Australia’s Santos said it had agreed to extend the exclusivity period until April next year for Kumul Petroleum’s deal to buy a 5% stake in PNG liquefied natural gas project from Santos. In September...
Abu Dhabi energy group ADNOC to buy 24.9% stake in Austria’s OMV
Abu Dhabi National Oil Company will acquire 24.9% of Austrian oil and gas group OMV, it said on Wednesday, stepping up its international expansion since Russia’s invasion of Ukraine prompted energy market turmoil...
