Billionaires Mukesh Ambani and Gautam Adani have partnered to sell transportation fuels using their respective groups’ retail stations across India, bolstering their distribution network in India’s fast-growing...
Chevron seeks buyers for 50% stake in Singapore refinery, sources say
U.S. oil major Chevron has sought non-binding bids for the sale of its 50% stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina, eight sources familiar with the matter told Reuters...
Keyera to buy Plains’ Canadian natural gas liquids business for $3.77 billion
Keyera Corp said on Tuesday it has agreed to buy substantially all of U.S.-based Plains’ Canadian natural gas liquids business for C$5.15 billion ($3.77 billion) in cash. The buyout expands Keyera’s position...
Keyera to buy Plains’ Canadian natural gas liquids business for $3.77 billion
Keyera Corp said on Tuesday it has agreed to buy substantially all of U.S.-based Plains’ Canadian natural gas liquids business for C$5.15 billion ($3.77 billion) in cash. The buyout expands Keyera’s position...
Chevron enters lithium sector with acreage buy in Texas, Arkansas
Chevron said on Tuesday its has acquired on lease about 125,000 net acres in northeast Texas and southwest Arkansas, marking the entry of the U.S. oil major into domestic lithium production. Demand for lithium – a...
Mitsubishi Corp in talks for $8 billion US shale acquisition, source says
Mitsubishi Corp is in talks to acquire the U.S. shale production and pipeline assets of Aethon Energy Management for roughly $8 billion, a person familiar with the matter said on Monday. A deal would give the Japanese...
ADNOC leads $18.7 billion proposal to buy Australia’s Santos in LNG push
Australia’s second-largest gas producer Santos said on Monday it intended to support an all-cash $18.7 billion takeover bid from an international consortium led by Abu Dhabi’s National Oil Company (ADNOC)...
ONEOK buys remaining stake in Delaware Basin JV for $940 million
U.S. pipeline operator ONEOK (OKE.N) said on Tuesday that it had bought the remaining stake in Delaware Basin JV from NGP XI Midstream Holdings in a cash-and-stock deal valued at $940 million. By acquiring the remaining...
Shell-BP merger’s key ingredient is time
Wael Sawan must feel like it’s Groundhog Day. In recent weeks Shell’s (SHEL.L) chief executive has been fielding one question over and over again: whether he’s considering merging his $198 billion group with struggling...
Shell to buy TotalEnergies’ stake in Nigeria deepwater field for $510 million
TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The OML118 Production Sharing Contract (PSC) is located deep offshore at ~74 mi...
ExxonMobil to sell French subsidiary Esso to Canadian energy group
With the exception of those part of the previously announced redundancy plan, all of the approximately 1,350 employees in France will be retained and remain on the same employment terms and conditions. The acquisition...
US oil M&A deals slide from 2023 highs as buyers focus on value over volume
Dealmaking in the U.S. oil patch has slowed to a crawl in 2025, with the activity expected to stay muted for the rest of the year, as some prolific buyers focus on squeezing out value from their past acquisitions, while...
