Adani Gas has signed a definitive agreement for the acquisition of three Geographical Areas (GA) — Ludhiana, Jalandhar and Kutch (East) — from a consortium led by Jay Madhok Energy. All three GAs have high volumes...
Total seeks to sell stakes in Angolan oilfields: sources
Total is seeking to sell stakes in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said. Total...
Baker Hughes to buy Compact Carbon Capture to advance energy transition plan
Baker Hughes Co said on Tuesday it would buy Compact Carbon Capture AS in a bid to expand its footprint beyond oil and gas oilfield services as it prepares for a transition to a low-carbon future. Facing pressure from...
Premier Oil creditors approve merger with Chrysaor
A sufficient number of creditors of indebted Premier Oil have approved a proposed merger with private equity backed Chrysaor to create the British North Sea’s biggest oil and gas producer, Premier said on Tuesday...
Indian Oil says no plan for share buyback as of now
State-owned Indian Oil Corporation (IOC), India’s top oil company, has no plans to buyback shares as of now but will consider if there is a mandate, its Director (Finance) Sandeep Kumar Gupta said on Monday...
Lufkin buys Schlumberger’s North American rod lift business
Lufkin Industries said on Monday it had acquired oilfield services giant Schlumberger’s North American unit that helps boost production from wells using so-called rod lift gear. The company did not provide a deal...
Brazil’s Petrobras says major divestments nearing finish line
Petrobras is in the advanced stages of several major divestments, executives said on Thursday, indicating that the company’s ambitious deleveraging program may quicken after a pause during the worst of the coronavirus...
AES, PetroVietnam Gas to sign $2.8 billion LNG deal: Pompeo
AES Corp. will sign a deal with PetroVietnam Gas to develop a $2.8 billion liquefied natural gas (LNG) import terminal and a power plant in Vietnam, U.S. Secretary of State Mike Pompeo said on Wednesday. “Vietnam...
U.S. utility DTE Energy to spin off gas pipeline business
DTE Energy Co will spin off its gas pipeline business into a publicly-traded company, the Michigan utility said on Tuesday, a move that will increase its focus on providing power to consumers. DTE Midstream will be...
Eni expects binding bids for Australian gas assets by end November – sources
Eni and its adviser Citi expect binding bids for the Italian energy group’s gas assets in Australia by the end of November in a deal that could raise around $1 billion, two sources said. Indonesia’s Medco...
Canada’s Cenovus to buy Husky for $2.9 billion as pandemic drives oil mergers
Cenovus Energy Inc has agreed to buy rival Husky Energy Inc in an all-stock deal valued at C$3.8 billion ($2.9 billion) to create Canada’s No. 3 oil and gas producer, as a pandemic-driven collapse in demand forces...
Shale producer Pioneer Natural to buy rival Parsley for $4.5 billion in all-stock deal
Pioneer Natural Resources Co said on Tuesday it would buy smaller rival Parsley Energy Inc in a deal valued at about $4.5 billion, the latest consolidation among U.S. shale producers slammed by the rout in oil prices...
