Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on Friday. If the...
Shell to acquire power plant operator RISEC Holdings
Shell plc said on Wednesday its unit, Shell Energy North America (SENA), has agreed to acquire RISEC Holdings, the owner of a 609-megawatt gas power plant in Rhode Island. The deal secures long-term supply and capacity...
Phillips 66 aims at $3 bln divestitures target with Swiss venture stake sale
Phillips 66 will sell its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner for $1.24 billion, the U.S. refiner said on Monday. The joint venture operates 324 retail sites and...
Woodside completes $1.2 bln Tellurian acquisition
Woodside Energy said on Wednesday it has completed the acquisition of U.S. liquefied natural gas developer Tellurian, including its U.S. Gulf Coast LNG export project, for $1.2 billion including debt. Last week...
Chevron to sell assets for $6.5 bln to Canadian Natural Resources
Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion, the oil giant said on Monday as it puts in motion its divestiture plan. The all-cash deal, which is...
Shale producer Validus to buy Citizen Energy in deal worth over $2 billion, sources say
Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2 billion, including debt, according to people familiar with the matter. A record consolidation wave has...
FTC set to greenlight Chevron’s $53 bln buy of oil rival Hess, sources say
The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron’s purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil’s challenge to the...
Singapore’s AG&P in talks to buy H-Energy’s LNG Terminal
Singapore-headquartered Atlantic, Gulf, and Pacific Company (AG&P), is in talks with Darshan Hiranandani’s H-Energy, to acquire the latter’s LNG terminal in Jaigarh, Maharashtra, two people aware of the...
Offshore driller Seadrill eyes asset acquisitions, M&A, CEO says
Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company’s CEO said on Wednesday. Norwegian-born billionaire John Fredriksen lost the control...
NCLAT suspends insolvency resolution process against Essar Oil and Gas Exploration & Production
The National Company Law Appellate Tribunal (NCLAT) suspends the lower tribunal’s order of admitting Essar Group entity Essar Oil and Gas Exploration & Production Ltd under the Corporate Insolvency Resolution...
NCLAT halts insolvency proceedings against Essar’s oil & gas subsidiary
The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the insolvency proceedings against Essar Oil and Gas Exploration and Production Ltd., a subsidiary of Essar Group. The proceedings had been initiated...
ADNOC to acquire Covestro for about $15.9 bln, FT reports
Abu Dhabi National Oil Company (ADNOC) is expected to make a formal offer to acquire Covestro for about 14.4 billion euros ($15.90 billion) including debt, the Financial Times reported on Wednesday. Having circled the...
