The National Company Law Tribunal in Mumbai has dismissed the Bank of Maharashtra’s application to initiate insolvency resolution proceedings against the personal guarantors of Gopal Krishna Oil Tech Industries Pvt. Ltd...
Methanex to acquire OCI’s methanol business in $2.05 bln deal
Canadian methanol producer Methanex said on Sunday it will acquire Dutch green fuel-maker OCI Global’s methanol business in a $2.05 billion deal. The deal includes $1.15 billion in cash, the issuance of 9.9...
NCLT dismisses Bank of Maharashtra’s plea against personal guarantors of Gopal Krishna Oil Tech Industries
The National Company Law Tribunal in Mumbai has dismissed the Bank of Maharashtra’s application to initiate insolvency resolution proceedings against the personal guarantors of Gopal Krishna Oil Tech Industries Pvt. Ltd...
US oil, gas M&A nears 2023 record, focus shifts away from Permian, Rystad says
U.S. oil and gas producers’ appetite for dealmaking is closing in on last year’s record, with rising interest in smaller oilfields offsetting slower activity in the top oil-producing Permian Basin, analysts...
China’s Sinochem plans to exit US shale JV with Exxon, sources say
Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upwards of $2 billion, people familiar with the matter told...
YPF Eyes Sale of Lithium Unit as Focus Narrows on Shale Ramp-Up
Argentine state-run oil company YPF SA is considering a sale of its lithium unit as part of a sweeping divestment strategy to streamline investments into the heralded Vaca Muerta shale patch. Executives are mulling an...
Qatar in talks on possible purchase of Rosneft stake in German refinery, report says
Qatar is in talks with the German government over possibly buying Russian energy group Rosneft’s stake in Germany’s PCK Schwedt refinery, which Berlin placed under trusteeship following Russia’s...
ADNOC finalising due diligence on Covestro, sources say
Abu Dhabi National Oil Company (ADNOC) is finalising due diligence for a takeover of Covestro in a deal that could reach 11.7 billion euros ($13 billion), two sources familiar with the matter told Reuters on Wednesday...
Brazil fuel firm Vibra to buy remaining stake in Comerc for $642 million
Brazilian fuel distributor Vibra said on Wednesday it had signed an agreement to exercise its right to buy the remaining stake in power generator and trader Comerc for 3.52 billion reais ($642 million). Vibra bought...
US oil, gas M&A activity jumped 57% last year amid industry consolidation
Dealmaking activity in the oil and gas industry increased 57% last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according to a report released on...
Oil producer APA explores $1-billion sale of Permian assets, sources say
APA Corp is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people familiar with the matter...
Quantum Capital to acquire Caerus Oil and Gas assets for $1.8 bln
Quantum Capital Group will acquire certain Caerus Oil and Gas assets, including debt, for about $1.8 billion, the private equity firm said on Monday. The acquisition would take place through two of its companies...
