Abu Dhabi National Oil Company (ADNOC) is finalising due diligence for a takeover of Covestro in a deal that could reach 11.7 billion euros ($13 billion), two sources familiar with the matter told Reuters on Wednesday...
Brazil fuel firm Vibra to buy remaining stake in Comerc for $642 million
Brazilian fuel distributor Vibra said on Wednesday it had signed an agreement to exercise its right to buy the remaining stake in power generator and trader Comerc for 3.52 billion reais ($642 million). Vibra bought...
US oil, gas M&A activity jumped 57% last year amid industry consolidation
Dealmaking activity in the oil and gas industry increased 57% last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according to a report released on...
Oil producer APA explores $1-billion sale of Permian assets, sources say
APA Corp is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people familiar with the matter...
Quantum Capital to acquire Caerus Oil and Gas assets for $1.8 bln
Quantum Capital Group will acquire certain Caerus Oil and Gas assets, including debt, for about $1.8 billion, the private equity firm said on Monday. The acquisition would take place through two of its companies...
Tourmaline Oil to acquire Crew Energy for $947 million
Canada’s Tourmaline Oil said on Monday it will acquire Crew Energy in a C$1.3 billion ($947.52 million) all-stock deal, which includes debt, to boost its presence in the Montney shale play in Alberta. The shale...
Aramco to buy stake in JV Petro Rabigh from Sumitomo Chem
Saudi Aramco will buy from Japan’s Sumitomo Chemical a 22.5% stake in their petrochemical joint venture Petro Rabigh for $702 million, the companies said on Wednesday, as part of a turnaround plan for the loss...
Savannah Energy terminates $1.25 bln Petronas South Sudan deal
Savannah Energy said on Wednesday it has terminated the planned $1.25 billion purchase of Malaysia’s state energy firm Petronas’ oil and gas business in South Sudan, as the two sides could not agree on terms...
Italy clears VTTI’s acquisition of 70% in Adriatic LNG, sources say
Italy won’t use special powers designed to shield assets deemed of strategic value for the country in relation to Vitol-backed VTTI’s acquisition of Adriatic LNG, Italy’s biggest liquefied gas...
TotalEnergies to sell 50% stake in Pakistan oil marketing firm to Gunvor Group
French oil major TotalEnergies has agreed to sell its 50% stake in oil marketing company Total PARCO Pakistan Limited to global commodities trader Gunvor Group, TotalEnergies said in a statement on Tuesday. A joint...
Occidental to sell some Delaware Basin assets to Permian Resources for $818 mln
U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million, as it plans to cut down debt. It also plans...
Vital Energy, Northern Oil and Gas buy Point Energy shale assets for $1.1 billion
Vital Energy and Northern Oil and Gas will jointly acquire U.S. shale assets from private equity-owned Point Energy Partners for $1.1 billion, the companies said on Sunday. Vital will buy an 80% stake in the Point...
