Private equity-backed oil and gas producer Siccar Point is testing the waters for its potential sale later this year, hoping to attract interest for its mostly untapped North Sea resources, industry and banking sources...
Energean to buy EDF arm for up to $850 million
Energean Oil and Gas Plc. agreed to buy the oil and gas business of Electricite de France SA’s Italian unit for as much as $850 million, a deal that will substantially broaden the Greek energy company’s geographic...
Brazil’s Petrobras begins non-binding phase for onshore oilfield sale
Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA) has begun the non-binding phase for the sale of its Polo Reconcavo onshore oil and gas cluster in the northeastern state of Bahia, the company said on...
DP World in talks to acquire oil and gas firm Topaz Energy
DP World Plc. is in “very advanced” discussions to acquire Topaz Energy & Marine Plc. in what would be the Dubai-based company’s first venture into the oil and gas sector. The world’s largest port operator...
Brazil’s Petrobras believes Raizen, other distributors could buy refineries
Brazilian state-run oil firm Petrobras (PETR4.SA) believes three types of companies, including domestic fuel distribution companies such as Raizen, could be interested in purchasing its refineries, an executive said on...
Brazil’s Petrobras hopes to sell refinery this year, exit gas distribution: CEO
Brazil’s state-controlled oil company Petrobras will leave the gas distribution business in Brazil, disposing of all of its assets in the area, Chief Executive Roberto Castello Branco said on Thursday. At a Sao Paulo...
Australia’s Oil Search increases stake in Alaskan assets
Australia’s Oil Search Ltd on Friday exercised its option to double its stake in several Alaskan assets for $450 million. The company said it has elected to exercise an option to pick up stakes from privately owned U.S...
Pieridae to buy Shell Canada gas assets for C$190 million
Canada’s Pieridae Energy will buy gas assets in Alberta from Royal Dutch Shell for C$190 million ($144.77 million), Pieridae said on Wednesday, securing supply for its planned liquefied natural gas plant in eastern...
Exxon Mobil seeks bids for Norwegian offshore assets
Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said. Two years ago the U.S. major – the world’s largest oil company – sold its...
Enterprise Products explores sale of Texas oil terminal stake – document
U.S. pipeline operator Enterprise Products Partners LP is looking to sell its 50% stake in a recently-completed South Texas crude export terminal, according to a marketing document viewed by Reuters. Enterprise is...
Keane, C&J merge in quest for pricing power as oil producers cut budgets
Oilfield services provider Keane Group Inc will merge with rival C&J Energy Services in a $746 million deal, giving the companies the much-needed pricing heft in an industry grappling with budget cuts by crude...
Brazil’s Petrobras closes sale of TAG, receives $8.7 billion: filing
Brazilian state-run oil firm Petroleo Brasileiro SA announced on Thursday it concluded the sale of gas pipeline system TAG to a group led by France’s Engie SA and Canada’s Caisse De Depot Et Placement Du Quebec (CDPQ)...
