Canada’s Tourmaline Oil said on Monday it will acquire Crew Energy in a C$1.3 billion ($947.52 million) all-stock deal, which includes debt, to boost its presence in the Montney shale play in Alberta. The shale...
Aramco to buy stake in JV Petro Rabigh from Sumitomo Chem
Saudi Aramco will buy from Japan’s Sumitomo Chemical a 22.5% stake in their petrochemical joint venture Petro Rabigh for $702 million, the companies said on Wednesday, as part of a turnaround plan for the loss...
Savannah Energy terminates $1.25 bln Petronas South Sudan deal
Savannah Energy said on Wednesday it has terminated the planned $1.25 billion purchase of Malaysia’s state energy firm Petronas’ oil and gas business in South Sudan, as the two sides could not agree on terms...
Italy clears VTTI’s acquisition of 70% in Adriatic LNG, sources say
Italy won’t use special powers designed to shield assets deemed of strategic value for the country in relation to Vitol-backed VTTI’s acquisition of Adriatic LNG, Italy’s biggest liquefied gas...
TotalEnergies to sell 50% stake in Pakistan oil marketing firm to Gunvor Group
French oil major TotalEnergies has agreed to sell its 50% stake in oil marketing company Total PARCO Pakistan Limited to global commodities trader Gunvor Group, TotalEnergies said in a statement on Tuesday. A joint...
Occidental to sell some Delaware Basin assets to Permian Resources for $818 mln
U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million, as it plans to cut down debt. It also plans...
Vital Energy, Northern Oil and Gas buy Point Energy shale assets for $1.1 billion
Vital Energy and Northern Oil and Gas will jointly acquire U.S. shale assets from private equity-owned Point Energy Partners for $1.1 billion, the companies said on Sunday. Vital will buy an 80% stake in the Point...
Macquarie to acquire remaining stake in UK’s National Gas
Macquarie Asset Management will buy out the 20% of Britain’s National Gas that it does already own, the investment company said on Friday without disclosing financial details. The purchase from National Grid is...
Helmerich & Payne to buy KCA Deutag for $1.97 bln to boost Middle East presence
Oilfield services firm Helmerich & Payne Inc will acquire Britain’s KCA Deutag International for $1.97 billion in cash, making the combined company one of the biggest rig providers in the Middle East, the...
Archrock to buy natgas compression firm TOPS for $983 mln
Energy infrastructure company Archrock said it would buy contract gas compression services provider Total Operations and Production Services (TOPS) for about $983 million in cash and stock from Apollo Global Management...
ONGC acquires Equinor stake in Azerbaijan oilfields for USD 60 mn
ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has acquired Norwegian firm Equinor’s stake in an Azerbaijan oilfield and an associated pipeline for USD 60...
Australia’s Woodside Energy to buy US LNG developer Tellurian for $1.2 bln
Australia’s Woodside Energy on Monday said it has entered a definitive agreement to acquire U.S. liquefied natural gas developer Tellurian, including its U.S. Gulf Coast Driftwood LNG project, for a total value of...
