Spain’s biggest refinery operator Repsol SA is considering a reverse merger of its upstream unit with potential partners, including U.S. energy producer APA, Bloomberg News reported on Thursday, citing people with...
BP in active talks with Stonepeak over Castrol sale, sources say
BP is in active negotiations with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy...
US Gulf producer LLOG Exploration explores sale at $3 billion valuation, sources say
LLOG Exploration Offshore is exploring a potential sale, which may value one of the largest privately held oil and gas producers in the U.S. Gulf at more than $3 billion including debt, people familiar with the matter...
Russia’s Lukoil says it plans to sell international assets due to Western sanctions
Russia’s second-largest oil producer, Lukoil, said on Monday it would sell its international assets following sanctions over Ukraine announced last week by the United States. The planned sale of the assets is the...
Indian Oil’s Terra Clean in talks to buy 50% stake in Fourth Partner Energy
Indian Oil Corp., the country’s largest crude oil refiner, plans to acquire a 50% stake in renewable energy firm Fourth Partner Energy Pvt. Ltd (FPEL) through its subsidiary Terra Clean Ltd in a deal with an estimated...
Chevron puts $2 billion Colorado pipeline assets for sale, sources say
Chevron is selling a collection of pipeline assets in the Denver-Julesburg shale basin that are likely to fetch more than $2 billion, people familiar with the matter said. Investment bankers at Bank of America have been...
TotalEnergies sells stake in French renewable portfolio for $155 million
French oil major TotalEnergies on Tuesday said that it is selling a 50% stake in a 270 megawatt portfolio of French wind and solar assets to investment fund manager Eiffel Investment Group. The transaction values the...
Nigeria approves Shell, Agip buyout of TotalEnergies’ stake in Bonga oilfield
Nigeria’s oil regulator has approved a $510 million deal by TotalEnergies to sell its entire 12.5% interest in oil mining lease (OML) 118, which hosts the offshore Bonga oilfield, to the field’s operator...
ADNOC-led consortium pulls $18.7 billion bid for Australia’s Santos
Abu Dhabi National Oil Company has withdrawn the $18.7 billion offer it led to buy Australian gas producer Santos after months of wrangling over valuation and terms. The move on Wednesday may slow down ADNOC’s...
California Resources to buy Berry Corp in $717 million deal amid regulatory shift
California Resources said on Monday it would buy rival Berry Corp, hoping to create a bigger, more cost-efficient oil and gas producer in the most populous U.S. state as it eases its stringent environmental regulations...
Phillips 66 buys remaining stake in major US refineries from Cenovus for $1.4 billion
Phillips 66 said on Tuesday it will acquire the remaining 50% stake in WRB Refining from Cenovus Energy for $1.4 billion, giving it full ownership of two major U.S. refineries. Shares of the U.S. refiner were up 2.7%...
Canada’s Strathcona buys more MEG Energy shares, to oppose Cenovus deal
Canadian oil and gas producer Strathcona Resources said on Thursday it has bought additional 6.04 million common shares of rival MEG Energy for about C$172.7 million ($124.99 million). Strathcona now owns or controls...
