Colombia’s Ecopetrol is in talks with U.S. oil producer Occidental Petroleum to possibly buy a 30% stake in shale oil producer CrownRock, in a transaction potentially worth $3.6 billion, the North American company...
Canada’s Tenaz Energy to buy Dutch NAM’s offshore assets for $180 mln
Canada’s Tenaz Energy said it had entered into an agreement with NAM, a joint venture between Shell, ExxonMobil and the Dutch government, to acquire all issued and outstanding shares of NAM Offshore B.V. for 165...
Canada’s Tenaz Energy to buy Dutch NAM’s offshore assets for $180 mln
Canada’s Tenaz Energy on Thursday said it had entered into an agreement with NAM, a joint venture between Shell, ExxonMobil and the Dutch government, to acquire all issued and outstanding shares of NAM Offshore B...
South Korea’s SK Innovation agrees merger with SK E&S as part of overhaul
SK Innovation, parent of South Korea’s largest oil refiner and battery maker SK On, said on Wednesday it will merge with energy affiliate SK E&S as the nation’s No. 2 conglomerate undertakes a major...
TotalEnergies sells Nigerian onshore oil assets to Chappal Energies for $860 mln
TotalEnergies has sold its minority share in a major Nigerian onshore oil joint venture to Mauritius-based Chappal Energies for $860 million, the French energy group said on Wednesday. CEO Patrick Pouyanne said in...
Repsol in talks to merge UK North Sea operations with NEO, sources say
Spain’s Repsol is in talks to merge its UK North Sea oil and gas business with private equity-backed NEO Energy, three industry sources said, the latest consolidation effort by companies that operate in the basin...
Aramco to buy 10% stake in Renault-Geely thermal engines venture
Oil producer Saudi Aramco will buy a 10% stake in a thermal engines joint venture between French carmaker Renault and Chinese automaker Geely, the companies said on Friday, valuing the business at 7.40 billion euros ($7...
BPCL subsidiary gets NCLT nod to take over Videocon Oil
A Mumbai bankruptcy court has approved a debt resolution plan given by Bharat PetroResources Ltd, a subsidiary of Bharat Petroleum Corp (BPCL) to take over Videocon Oil Ventures, upholding Bharat Petro’s right to...
SM Energy to buy XCL’s Uinta assets for $2 bln, shares slump
SM Energy said on Thursday it had agreed to buy some shale assets of oil and gas producer XCL Resources for about $2 billion, extending its footprint in the Uinta region in Utah, sending its shares down 10%. XCL, backed...
After 7 years and $1.2 bn investment, ONGC offers stake in Deen Dayal gas field
After spending close to USD 1.2 billion and seven years of little success, state-owned Oil and Natural Gas Corporation (ONGC) is seeking partners to rescue the Deen Dayal gas field in the KG basin in Bay of Bengal. ONGC...
Gabon completes acquisition of Carlyle’s Assala Energy
Carlyle Group said on Friday that it had completed the sale of its oil and gas company Assala Energy to Gabon’s national oil company. Gabon Oil Company (GOC) agreed to acquire Assala Energy in February after it...
BP to buy out Bunge’s stake in Brazilian biofuels JV in $1.4 bln deal
BP has agreed to buy grain trader Bunge’s 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a bet on growing demand for low-carbon biofuels. Following the completion of...
