Talks on the sale of Shell Deutschland’s 32.5% stake in Mineraloelraffinerie Oberrhein GmbH (MiRO) in the southern German city of Karlsruhe to Czech state-owned pipeline operator MERO have ended without an...
Double Eagle explores $6.5 billion sale of shale oil producer, sources say
Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people familiar with the...
ConocoPhillips to buy Marathon Oil in $22.5 bln deal in latest energy merger
Top U.S. independent oil and gas producer ConocoPhillips on Wednesday agreed to buy Marathon Oil for $22.5 billion, the latest in a series of mega-deals in the energy industry. The U.S. oil and gas industry has been...
Hess shareholders approve merger with Chevron
Hess Corp approved the company’s $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote. The merger required a majority vote to approve the deal by a majority of...
Big electoral bond buyer Megha Engineering to sell city gas business
Hyderabad-based Megha Engineering and Infrastructures (MEIL), which is the second-biggest buyer of electoral bonds – at ₹966 crore – and is facing corruption allegations, has put its city gas distribution...
Saudi Arabia plans Aramco share sale as soon as June, sources say
Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region’s biggest stock deals, two people familiar with the matter said. The offering...
Hess-Chevron merger vote appears ripe for narrow approval
Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil...
ADNOC to sell about 5.5% additional stake in drilling unit
Abu Dhabi National Oil Company plans to sell a roughly 5.5% stake in its drilling unit, more than two years after it raised $1.1 billion from an initial public offering of part of the business, it said on Wednesday...
Phillips 66 to buy PE-owned Pinnacle Midland for $550 mln
Phillips 66 on Monday agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner’s natural gas gathering and...
Indian Oil completes Mercator acquisition
Indian Oil Corp Ltd (IOCL), India’s largest oil marketing company has completed the Rs 148 crore deal to acquire oil and gas company Mercator Petroleum, its first acquisition through the insolvency and bankruptcy...
Crescent Energy expands Texas shale ops with $2.1 billion SilverBow buy
Oil and gas producer Crescent Energy has agreed to buy rival SilverBow Resources for $2.1 billion, a deal which would create the second-largest operator in the Eagle Ford basin in south Texas. The agreement comes as...
UK’s Wood Group rejects sweetened buyout offer from Sidara
British oilfield services and engineering firm John Wood Group said it had rejected a raised buyout proposal from Dubai-based company Sidara on Wednesday. Shares of London-listed Wood Group fell 5.6%, to 189.30 pence at...
