Nigerian President Bola Tinubu has approved the cancellation of $1.42 billion and 5.57 trillion naira ($3.85 billion) in debts owed by state oil firm NNPC Ltd to the government, the presidency said on Monday. The...
Oil and Gas
Serbia’s NIS gets US approval to negotiate sale of Russian stake
The U.S. has granted Serbian oil refiner NIS until March 24 to negotiate the sale of its Russian owner’s stake, Serbia’s state-owned RTS TV reported on Wednesday. However, RTS said NIS had not obtained an...
Uniper to launch sale of 20% stake in Opal gas pipeline
German state-owned utility Uniper will launch the sale of its 20% stake in the natural gas pipeline Opal, one of Europe’s largest transmission corridors, the company said on Monday. Uniper’s disposal of the...
Harbour Energy to acquire North Sea assets for $170 million, shares rise 6%
Harbour Energy said on Friday it had agreed to acquire all the subsidiaries of Waldorf Energy Partners and Waldorf Production in the UK North Sea fields, currently in administration, for $170 million, sending its shares...
BlackRock sells 7% stake in Naturgy for $2 billion
BlackRock has sold a 7.1% stake in Spanish gas utility Naturgy for around 1.7 billion euros ($1.99 billion) through an accelerated bookbuild placement managed by JPMorgan, the firm said on Thursday. The transaction...
BlackRock to sell 7% stake in Naturgy in accelerated sale
BlackRock plans to sell around 69 million shares in Spanish gas utility Naturgy, equivalent to 7.1% of the company, in an accelerated bookbuild placement managed by JP Morgan, the firm said on Wednesday. The...
Shell in advanced talks to buy LLOG Exploration for more than $3 billion, sources say
Shell is in advanced talks to buy LLOG Exploration Offshore in a deal worth more than $3 billion, two sources familiar with the matter said, a move that would boost the oil major’s upstream portfolio through one...
Putin clears deals with Rosneft and Shell’s joint-venture stake in Caspian Pipeline Consortium
Russian President Vladimir Putin issued a decree on Monday clearing potential deals with Rosneft and Shell’s joint-venture stake in the Caspian Pipeline Consortium, which exports oil mainly from Kazakhstan. The...
Antero to buy HG Energy’s gas producing assets in $2.8 billion deal
Antero Resources said on Monday it would buy assets from privately held HG Energy in a deal valued at $2.8 billion, as the U.S. natural gas producer looks to expand its footprint. Separately, Antero Midstream, which...
Oil majors unite to oppose Subsea7-Saipem merger in Brazil antitrust case
Oil majors operating in Brazil have closed ranks to oppose a proposed merger between energy contractors Subsea7 and Saipem, and antitrust agency Cade has asked the two firms to provide its probe with new data on Friday...
Exxon in talks with Iraq about buying Lukoil stake in giant West Qurna 2 oilfield, sources say
Exxon Mobil has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil’s majority stake in the giant West Qurna 2 oilfield, five Iraqi official sources with direct knowledge of the...
Poland’s Orlen offers to buy out Energa minorities to take full control
Polish state-controlled refiner Orlen said on Wednesday it plans to buy out the remaining shares in its utility unit Energa to take full ownership, with a price tag of about 709 million zlotys ($189 million). The move...
