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...
GAIL wins bid for debt-laden JBF Petrochemicals
Government-backed GAIL (India) emerged as the successful bidder for debt-laden JBF Petrochemicals. GAIL’s resolution plan received a 100% vote of the committee of creditors of JBF and thereby the approval has been...
ONGC eyes stake in Russian entity managing Sakhalin 1: Sources
India’s Oil and Natural Gas Corp plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east as it seeks to retain a 20% share in the asset, three sources familiar with...
BP to buy U.S. biogas producer Archaea for $4.1 bln
BP will buy U.S.-based renewable natural gas (RNG) producer Archaea Energy Inc for about $4.1 billion, the companies said on Monday, as the British energy major seeks to expand its alternative fuels business. The deal...
Norway’s Equinor may buy UK oilfields from CNOOC – sources
Norway’s Equinor is considering buying oilfields in the British North Sea from China’s CNOOC, including a big stake in the huge Buzzard oilfield, two industry sources told Reuters on Monday. The deal is...
Oil producer Diamondback to buy FireBird Energy for $1.6 bln
Oil and gas producer Diamondback Energy Inc said it will buy all leasehold interest and related assets of FireBird Energy LLC for $1.6 bln in cash and stock. FireBird’s assets currently consist of about 68,000...
Exxon Mobil in talks to buy oil & gas producer Denbury -Bloomberg News
Exxon Mobil Corp is considering a takeover of oil and gas producer Denbury Inc and the talks are at a preliminary stage, Bloomberg News reported on Monday, citing people familiar with the matter. Shares of Plano, Texas...
EIG unit to buy Tokyo Gas’s stakes in Australian LNG projects for $2.15 billion
MidOcean Energy, a unit of U.S. fund EIG, said on Friday it had agreed with Tokyo Gas Co Ltd to buy the Japanese company’s stakes in a portfolio of four Australian liquefied natural gas (LNG) projects for $2.15...
California oil producer Berry Corp explores sale – sources
Berry Corporation is exploring strategic options that could result in a sale of the California-focused oil producer, people familiar with the matter said. The company is considering a wide range of options as it...
