Australian mining magnate Clive Palmer has sold the troubled Yabulu nickel refinery in Queensland state to Swiss special purpose vehicle Zero Carbon Investek – a deal that has reportedly fetched A$2 billion ($1.3...
Italy’s IP to buy Exxon’s refining, fuel assets in Italy
Italy’s leading private fuel and mobility group IP said on Tuesday it signed a deal to buy fuel and refining assets owned by Exxon Mobil’s subsidiary Esso Italiana. Before the pandemic, Exxon pledged to sell...
Serica Energy to buy Tailwind Energy Investments in $782 million deal
UK oil and gas producer Serica Energy agreed to buy North Sea peer Tailwind Energy Investments for 644 million pounds ($782 million), including debt, it said on Tuesday, bringing on energy trader Mercuria as its biggest...
EU clears Germany’s plan to take over gas giant Uniper
The European Commission has approved the acquisition of Uniper SE by the German government, it said, paving the way for nationalising the gas trading firm which nearly collapsed after Russia stopped supplying gas. The...
Exxon completes sale of Chad, Cameroon operations for $407 million
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...
