Mergers and acquisitions in the U.S. oil and gas sector more than quadrupled last year despite softer commodity prices as energy companies boosted spending to improve efficiency and profits, according to an Ernst &...
Ampol nears $656 million deal to buy EG Group’s Australian fuel stations, AFR reports
Australia’s Ampol is in advanced talks to buy British fuel station operator EG Group’s Australian service station portfolio in a deal that could exceed A$1 billion ($656.30 million), the Australian Financial...
Centrica frontrunner to buy National Grid’s LNG terminal in $2 billion deal, FT reports
British Gas owner Centrica and Energy Capital Partners are in talks to buy the Isle of Grain LNG terminal from National Grid in a deal valued at about 1.5 billion pounds ($2.03 billion), the Financial Times reported on...
ConocoPhillips to sell Anadarko assets for $1.3 bln; profit beats estimates
ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the company said on Thursday, as it sheds non-core acreage following the Marathon Oil acquisition to reduce debt and focus on higher-margin basins...
TotalEnergies sells 45% stake in Argentina oil and gas blocks to YPF for $500 million
TotalEnergies said on Wednesday that its affiliate Total Austral had agreed to sell its 45% interest in two unconventional oil and gas blocks to Argentina’s YPF. The deal has been valued at $500 million...
Utility Duke Energy to sell Tennessee natural gas business for $2.48 billion
Duke Energy said on Tuesday it would sell its Tennessee natural gas distribution business to Spire for $2.48 billion in cash, as the utility aims to streamline operations and unlock capital to invest in electric grid...
Baker Hughes nears $13.6 billion deal to buy Chart, edging out Flowserve, FT reports
Oil and gas equipment supplier Baker Hughes is nearing a $13.6 billion cash deal to buy Chart Industries, edging out rival suitor Flowserve, with a buyout likely to be announced in the coming days, the Financial Times...
Thailand’s PTTEP buys full control in offshore gas block from Chevron for $450 million
Thai oil and gas giant PTT Exploration and Production (PTTEP) has acquired full ownership of Block A-18 in Malaysia–Thailand Joint Development Area (MTJDA) in a $450 million transaction with Chevron units. PTTEP said in...
BP’s Castrol unit gets One Rock Capital Partners’ bid, Bloomberg News reports
One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP’s Castrol lubricants business, Bloomberg News reported on Wednesday, citing people familiar with the matter. One...
ConocoPhillips nears sale of Oklahoma assets to Stone Ridge Energy, sources say
U.S. oil and gas producer ConocoPhillips is in advanced talks to sell assets in Oklahoma to privately owned Stone Ridge Energy for around $1.3 billion, three people familiar with the matter told Reuters on Tuesday...
SLB’s ChampionX deal clears final hurdle with UK approval
Britain’s antitrust watchdog has cleared oilfield services firm SLB’s $8 billion acquisition of ChampionX after accepting commitments to address competition concerns, with the deal set to close on Wednesday...
TotalEnergies sells renewable assets in Portugal, buys them in Dominican Republic
TotalEnergies has sold 50% of its portfolio of renewable assets in Portugal and bought a half of AES’s renewable energy portfolio in the Dominican Republic, it said on Wednesday. The Portuguese assets were sold to...
