Strathcona Resources has agreed to buy private equity-backed Serafina Energy for C$2.3 billion ($1.8 billion), sources with direct knowledge of the matter said on Wednesday, the largest acquisition yet by the Canadian...
APA Corp buys West Texas oil producing land for $505 mln
U.S. oil producer APA Corp said it bought West Texas properties for $505 million during the second quarter, bolstering its position in the Delaware portion of the Permian shale basin. While APA did not name the seller...
Indian Oil, NTPC form JV for setting up of renewable energy-based power plant for refineries
NTPC and IndianOil signed an agreement for the formation of a joint venture company for meeting the power requirements of upcoming projects of the later’s refineries. IndianOil plans to meet the additional power...
CCI approves British oil major Shell’s acquisition of energy firm Solenergi Power
The Competition Commission of India (CCI) on July 12, 2022 approved British oil and gas major Shell’s proposed acquisition of renewable energy firm Solenergi Power. While the deal was announced in April this year...
Serica Energy rejects Kistos’ $1.23 billion merger bid
British oil and gas group Serica Energy has rejected a merger proposal valuing it at 1.04 billion pounds ($1.23 billion) from energy investment firm Kistos, which is looking to strengthen its foothold in the North Sea...
Brazil’s Petrobras starts sale of stake in UEG Araucaria
Brazilian state-run oil company Petrobras started the non-binding phase of the sale of its 18.8% stake in electricity distributor UEG Araucaria SA, it said in a securities filing. UEG Araucaria, a joint venture between...
Apollo, Blackstone seek buyers for Canadian oil producer Ridgeback – sources
Apollo Global Management Inc and the credit arm of Blackstone Group Inc are looking to sell Canadian oil and gas producer Ridgeback Resources for more than C$1 billion ($765.58 million), four sources familiar with the...
Exxon, Imperial to sell Canada shale assets to Whitecap for $1.5 billion
U.S. oil major Exxon Mobil Corp and Imperial Oil Ltd said they will sell their Montney and Duvernay shale oil and gas assets in Canada to Whitecap Resources Inc for C$1.9 billion ($1.48 billion). Exxon and Imperial...
Brazil’s Petrobras to sell deepwater assets to BW Energy for up to $75 mln
Brazilian oil company Petrobras’ management approved the sale of its entire stake in the Golfinho and Camarupim deepwater oil fields for up to $75 million to Norway’s BW Energy Ltd. The sale is part of...
Berkshire Hathaway buys 9.6 mln more Occidental shares, raises stake to over 16%
Warren Buffett’s Berkshire Hathaway Inc bought another 9.6 million shares of Occidental Petroleum Corp, boosting its stake to 16.3% as the oil company’s shares come off the year’s high. The purchases...
Brazil’s regulator approves Petrobras sale of Gaspetro stake
Brazil’s antitrust watchdog on Wednesday approved the sale of state-run oil firm Petrobras’ 51% stake in gas company Gaspetro with no restrictions. Petrobras is selling the stake to Compass, which is...
Targa to boost Permian natgas footprint with $3.55 bln Lucid Energy deal
Oil and gas infrastructure company Targa Resources agreed to buy natural gas processor Lucid Energy Group for $3.55 billion in cash, using the financial benefits of high commodity prices to boost its presence in the...
