Private equity-backed Canadian heavy oil producer Serafina Energy is looking at a possible sale of the company, figuring that high crude prices will boost its value, sources familiar with the matter told Reuters. The...
Private equity-backed Strathcona buys rival Caltex, Tucker assets
Canadian oil and gas producer Strathcona Resources Ltd said on Monday it has bought rival Caltex Resources Ltd, as it looks to expand its oil-recovery portfolio in Saskatchewan. Oil and gas producers across North...
U.S. shale oil and gas producers Oasis and Whiting in talks to merge – source
U.S. shale oil and gas producers Oasis Petroleum Inc and Whiting Petroleum Corp are close to agreeing an all-stock merger that could be announced as soon as this week, a source familiar with the matter said on Sunday...
Shell buys into Australian wind farm developer with $4 bln project portfolio
Global oil and gas major Shell Plc has agreed to buy a 49% stake in wind farm developer WestWind Energy’s Australian arm as it looks to build a low-carbon power generation business in the country, the two...
Russia’s Lukoil completes purchase of stake in offshore oil project in Mexico
Russia’s second-largest oil producer Lukoil said on Friday it has completed its acquisition of a 50% operator interest in an offshore oil project in Mexico, part of its drive to expand its global reach. The...
Haldia Petro to acquire Coastal Oil & Gas Infra under bankruptcy route
A bankruptcy court order approving Haldia Petrochemicals’ proposal to acquire Coastal Oil & Gas Infrastructure Pvt Ltd at just Rs 1 crore above the liquidation value has again brought to the fore the concerns...
Chevron seeks to sell Equatorial Guinea oil and gas assets -sources
Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers, the industry sources told Reuters. The U.S. company acquired the...
Spanish oil major Repsol looking to sell parts of its Canadian assets -sources
Spanish oil major Repsol SA is considering putting some of its Canadian assets for sale later this year as it looks to reap the benefits of higher oil and gas prices, four sources told Reuters on Monday. Repsol is...
Vedanta to create $10 bln fund to bid for BPCL stake, other assets
Mining firm Vedanta Resources Ltd plans to create a $10 billion fund to bid for assets including the Indian government’s stake in Bharat Petroleum Corp Ltd (BPCL), its chairman told Reuters on Thursday. The Indian...
TotalEnergies, Inpex to sell their interests in Block 14 in Angola
France’s TotalEnergies and Japan’s Inpex Corp said that they had agreed to sell their interests in Angola’s Block 14 B.V. to Angolan Company Somoil for an undisclosed sum. Angola Block 14 B.V, which is...
Oil India exits US shale venture, sells 20% stake for $25 million
State-owned Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million — the second exit of an Indian firm from the US shale business in two...
Vedanta is willing to spend as much as $12 bn to acquire BPCL
Vedanta Group is willing to spend $12 billion to acquire India’s state-owned refiner Bharat Petroleum Corp., an asset sale that’s among the nation’s biggest and which has faced delays in completion. “We’re not going to...
