U.S. fuel supplier Sunoco has struck a $9.1-billion deal to buy Canada-based Parkland, a move that would create the Americas’ largest independent fuel distributor but which Parkland’s largest shareholder...
Shell likely to acquire BP, energy giant weighs in merits of the deal amid potential oil prices decline
Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with...
Equinor sells 60% stake in Brazil’s Peregrino field to Prio for $3.5 billion
Equinor Brasil Energia, a subsidiary of Norway’s Equinor, has agreed to sell its 60% operated interest in Brazil’s Peregrino oil field to Prio Tigris, a subsidiary of PRIO SA, for $3.5 billion, Equinor said...
Aster Chemicals to bid for Exxon Mobil’s Singapore fuel stations, sources say
Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for Exxon Mobil’s petrol stations in Singapore, five people with knowledge of the matter said, as the refiner seeks...
Commodity traders to submit bids for Italy’s IP by May, sources say
Global commodity traders including Glencore and Gunvor are looking at the possibility to buy oil refiner Italiana Petroli (IP) API group, two sources said on Thursday, adding that binding bids for the company are due by...
Kuwait commences merger of state oil firms KNPC and KIPIC, Kuna reports
Kuwait has begun taking executive steps to merge two of its state-owned oil firms, news agency Kuna reported on Tuesday, as the OPEC producer seeks to restructure its energy industry. Kuwait National Petroleum Company...
Abu Dhabi’s ADNOC mulls bid for Aethon’s US natgas assets, source says
Abu Dhabi state oil company ADNOC is in the early stages of considering a bid for investment firm Aethon Energy Management’s U.S. natural gas assets, according to a person familiar with the matter. ADNOC has done...
Volkswagen’s Scania buys bankrupt Northvolt’s heavy industry battery packs unit
Volkswagen’s truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt’s division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an...
Abu Dhabi’s ADNOC mulls bid for Aethon’s US natgas assets, source says
Abu Dhabi state oil company ADNOC is in the early stages of considering a bid for investment firm Aethon Energy Management’s U.S. natural gas assets, according to a person familiar with the matter. ADNOC has done...
Mubadala Energy takes stake in Kimmeridge gas, LNG projects in US
Mubadala Energy, an arm of one of Abu Dhabi’s sovereign wealth funds, signed a deal on Thursday with energy investor Kimmeridge that will give it stakes in gas assets in the United States, marking its entry into...
Stonepeak to acquire 40% stake in Woodside Energy’s Louisiana LNG project
U.S.-based investment firm Stonepeak will acquire a 40% stake in Woodside Energy’s Louisiana LNG project and contribute $5.7 billion in capital expenditures, the Australian energy company said on Monday. Under the...
EU regulators to decide on ADNOC’s Covestro deal by May 12
EU antitrust regulators will decide by May 12 whether to clear Abu Dhabi state oil giant ADNOC’s 15.9 billion euro ($17.2 billion) takeover of German chemicals company Covestro, a regulatory filing on the European...
