U.S. antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden’s administration scrutinizes deals in a bid to...
U.S. oil producer Sundance Energy explores asset sale -document
U.S. oil and gas producer Sundance Energy, which emerged from bankruptcy protection in April, is marketing about 38,800 acres in the Eagle Ford shale basin in South Texas, according to marketing documents seen by...
U.S. oil and gas M&A activity in third quarter pulls back from 2-yr peak
Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Tuesday, as the industry cools from post-pandemic...
BPCL Privatisation: SEBI unlikely to exempt open offers for Petronet, IGL
India’s capital market regulator is unlikely to give exemption to the company acquiring BPCL from making mandatory open offers for Petronet LNG and Indraprastha Gas share purchases which will be countered by other...
Papua New Guinea seeks bigger stake in PNG LNG project -the Australian
Papua New Guinea Prime Minister James Marape has told Santos Ltd the country wants an extra stake in the $19 billion dollar PNG LNG project if Santos’ proposed takeover of Oil Search goes ahead, the Australian...
Southwest Gas to buy Questar for $2 bln, in face of Icahn protests
Southwest Gas Holdings Inc said on Tuesday it has agreed to buy Questar Pipelines from Dominion Energy for $1.975 billion, hours after activist investor Carl Icahn made public his objections to it. For Southwest Gas...
Neste sells base oils business to Chevron
Finnish biofuel producer and oil refiner Neste on Monday said it will sell its base oils business to U.S. group Chevron. The agreement with Chevron will cover Neste’s Porvoo base oils production volumes, its premium...
Cabot, Cimarex shareholders approve merger to create oil & gas giant
Shareholders of Cabot Oil & Gas Corp and Cimarex Energy Co on Wednesday approved the proposed merger between the two companies to form one of the largest U.S oil and gas firms. The merger, which was announced in May...
Saudi Arabia’s SIIG and Petrochem plan merger through share exchange
Saudi Industrial Investment Group (SIIG) and the National Petrochemical Company (Petrochem) have signed a non-binding agreement on a proposed merger, they said on Tuesday. The deal would involve a share exchange offer...
BPCL privatisation may be completed by March-end: Chairman
Bharat Petroleum Corporation Limited (BPCL) chairman Arun Kumar Singh on Monday said that the government intends to complete the divestment of the company by March-end next year. Responding to a query post the Annual...
Oil producer Hilcorp eyes purchase of shut Louisiana refinery -sources
Houston-based oil producer Hilcorp is evaluating Phillips 66’s refinery in Alliance, Louisiana, for conversion into an oil export terminal, said four sources familiar with the matter, a move that would eliminate it as a...
U.S. gas producer Gulfport Energy explores sale – sources
Gulfport Energy Corp, a U.S. natural gas exploration and production company which emerged from bankruptcy earlier this year, is exploring strategic options including a possible sale, according to people familiar with...
