London-listed oil producer SDX has agreed to an all-share takeover by Canada’s Tenaz Energy, the companies said on Wednesday. Egypt-focused SDX’s shareholders would receive 0.075 Tenaz shares for each SDX...
Private equity-backed gas producer Terra explores $2.5 bln sale -sources
Private equity firms Kayne Anderson Capital Advisors and Warburg Pincus are exploring a sale of Terra Energy Partners LLC, seeking as much as $2.5 billion, including debt, for the natural gas producer, people familiar...
Blackstone unit acquires 49% stake in U.S. LNG facility
Blackstone Inc’s credit investment unit said on Friday it has bought a 49% stake in a liquefied natural gas (LNG) facility in Georgia from private equity firm EIG Global Energy Partners. The deal, whose terms were...
Exxon to sell north Texas gas assets to BKV for $750 million
Exxon Mobil Corp on Thursday said it signed a deal to sell North Texas natural gas properties to producer BKV Corp for $750 million, as part of a wider move to shed unwanted assets. Exxon, the top U.S. oil producer, set...
ONGC weighs raising stakes in Russian oil despite Shell snub
ONGC is weighing the options of placing more bids for Western companies’ stakes in multiple Russian oil and gas fields even as its first bid for Shell’s 50% stake in Salym fields in Siberia has not been...
‘Partial sale of government stake in BPCL may not work’
Selling just a part of the government stake in BPCL when its privatisation bid is revived may not work, a person familiar with the matter said. The government has been reportedly toying with the idea of selling part of...
With just one bidder left, BPCL divestment scrapped
The government has scrapped the BPCL divestment process as there was just one bidder left in the fray after the two others dropped out due to their inability to tie up funds for the acquisition, said an official...
Temasek-backed oil rig builders agree $6.3 bln merger amid sector downturn
Singapore’s Sembcorp Marine (Sembmarine) has agreed to a S$8.7 billion ($6.29 billion) merger with Keppel Corp’s larger offshore and marine unit, a year after the Temasek-backed firms began deal talks amid...
Brazil’s Petrobras sells stake in Deten Quimica for $117 million
Brazil’s Petrobras said on Wednesday its board approved the sale of its 27.88% stake in Deten Quimica SA for 585 million reais ($117.84 million) to Cepsa Quimica SA. The buyer already owns a 69.94% stake in Deten...
PetroRio gives up on selling 10% stake of Manati Field to Gas Bridge
Brazil oil company PetroRio said on Tuesday it has withdrawn from the agreement with Gas Bridge to sell its 10% stake in Manati oil field. In a securities filing, the company said that preconditions were not met within...
Southwest Gas Holdings to consider sale after another acquisition bid
Southwest Gas Holdings Inc said on Monday it would evaluate selling itself, among other alternatives, after an unnamed potential buyer showed interest in acquiring the utility at a price “well in excess” of...
Brazil’s Petrobras starts binding phase for sale of MP Gulf of Mexico stake
Brazil’s Petrobras started the binding phase to sell its subsidiary 20% stake in Texas-based MP Gulf of Mexico LLC, which owns offshore fields in the region. Potential buyers classified for this phase will receive...
