Exxon Mobil Corp closed a $407 million sale of its operations in Central Africa’s Chad and Cameroon to London-listed firm Savannah Energy PLC. Exxon has been exiting African operations with declining crude oil...
Eni in preliminary talks to buy Neptune Energy for $5-6 bln -source
Eni is in preliminary talks to buy private-equity-backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had...
Shell to buy Danish firm Nature Energy for nearly $2 billion
Shell said it would acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing interest in biogas. Reuters had reported last month Shell was among a...
ICICI Bank, Axis Bank, others to acquire 10% stake each in JV of IOCL, CPCL
ICICI Bank, Axis Bank, SBI Life Insurance on Thursday announced that it will acquire 10 per cent stake each in a proposed joint venture of Indian Oil Corporation and Chennai Petroleum. The target entity which will be...
Texas producer Ranger Oil explores sale
Ranger Oil Corp is exploring a potential sale as the south Texas oil and gas producer looks to capitalize on high energy prices to pursue strategic options, people familiar with the matter said. Ranger is working with...
Buyout firm KKR looks to sell Canadian gas producer Westbrick -sources
Private equity firm KKR & Co is seeking buyers for Canadian oil and gas producer Westbrick Energy Ltd to cash in on high energy prices, in a potential deal valued at around C$1.5 billion to C$2.0 billion ($1.13...
Oil producer Diamondback to buy Lario Permian for $1.5 bln
Oil and gas producer Diamondback Energy Inc said it has agreed to buy all leasehold interest and related assets of Lario Permian, a unit of Lario Oil & Gas Company, for around $1.5 billion in cash and stock. Lario...
ONGC Videsh set to retake its Sakhalin-1 stake
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has submitted an application to Russian authorities to retake a 20% stake in the Sakhalin-1 oil and gas fields in the far east...
Adani to buy stake in Indian Oiltanking for $129 million
Adani Ports and Special Economic Zone Ltd. has agreed to buy a 49.38% stake in liquid storage facility company Indian Oiltanking Ltd. for 10.5 billion rupees ($129 million) as its billionaire founder, Gautam Adani...
Marathon Oil expands South Texas position with $3 bln Ensign buy
Marathon Oil Corp said it had struck a deal to buy natural gas-focused assets from private equity-backed Ensign Natural Resources for $3 billion in cash, nearly doubling its position in South Texas’ Eagle Ford...
Shell buys Asia-based waste oil recycler to boost biofuels output
Shell Eastern Petroleum, a unit of oil giant Shell, said it has acquired Asia-based waste oil recycling firm EcoOils to expand its biofuels production. The company will completely take over EcoOils’ subsidiaries...
Exxon selling Montana oil refinery to Par Pacific in $310 million deal
Exxon Mobil Corp agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 million. The sale ends a years-long effort by the U.S. oil giant to further reduce its...
