Varo Energy, backed by private equity giant Carlyle Group and the world’s biggest trading house Vitol, said on Monday it had agreed to buy Swedish refiner Preem, betting on growing demand for biofuels. Varo...
Japan’s Tokyo Gas to buy stake in Texas Shale from Chevron, Nikkei reports
Japan’s biggest city gas provider Tokyo Gas will buy a stake in a shale gas development in Texas from U.S. energy giant Chevron in a deal estimated to be worth tens of billions of yen, the Nikkei reported on...
Excelerate Energy to buy New Fortress’ Jamaica assets for $1.06 billion
Liquefied natural gas infrastructure provider Excelerate Energy has agreed to buy the Jamaica business of rival New Fortress Energy for $1.06 billion in cash, according to statements from the companies on Thursday...
Australia’s Woodside Energy to sell some Trinidad and Tobago assets for $206 million
Australia’s Woodside Energy said on Friday it would sell some assets in its offshore oil and gas project in Trinidad and Tobago to London-based Perenco for $206 million. The sale includes the Greater Angostura...
BP weighs stake sales in two Gulf of Mexico projects, sources say
BP is weighing the sale of minority stakes in two Gulf of Mexico projects, with each project estimated to be worth billions of dollars to the company, two sources with knowledge of the matter said on Wednesday. BP is in...
UK’s Ithaca Energy to acquire Japex’s North Sea business for $193 million
Ithaca Energy said on Tuesday it would acquire Japan Petroleum Exploration’s (Japex) UK unit for $193 million, as it seeks to become one of the biggest independent North Sea energy companies. Ithaca will take on...
Tullow Oil to sell Gabon assets for $300 million
Tullow Oil has signed an agreement with Gabon Oil Company to sell its entire working interests in Gabon for $300 million in cash, the London-listed company said on Monday, as it looks to reduce its debt burden. The West...
Wood Group to extend deadline on deal talks with Dubai’s Sidara, FT reports
British oilfield services and engineering firm Wood Group has agreed to extend a deadline for talks with Dubai-based Sidara for a possible takeover offer after a failed attempt six months ago, the Financial Times...
Masdar weighs buying stake in TotalEnergies’ Portuguese renewables, sources say
Abu Dhabi renewable energy company Masdar is exploring the acquisition of a stake in French oil major TotalEnergies’ Portuguese renewables assets, three people with knowledge of the matter told Reuters. Any deal...
BP sells Apollo $1 billion stake in firm invested in TANAP gas pipeline
BP has agreed to sell a stake in a firm invested in the TANAP gas pipeline linking Azerbaijan and Turkey for $1 billion to Apollo Global Management, the two firms said on Friday. CEO Murray Auchincloss is spearheading a...
NCLAT junks bankruptcy case against Essar Oil and Gas Exploration
The National Company Law Appellate Tribunal (NCLAT) has set aside the bankruptcy case against Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a subsidiary of Essar Group. An NCLAT bench led by chairperson...
Italy clears Italgas’ deal for 2i Rete Gas with conditions
Italy’s antitrust has conditionally approved the acquisition of 2i Rete Gas by domestic rival Italgas, the largest gas distributor in Europe, the authority said on Tuesday. Italgas agreed in October to buy 2i Rete...
