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...
Repsol in talks to sell a slice of its renewable business, sources say
Spanish oil company Repsol is in negotiations to sell a stake in its renewable energy unit, a move to help fund its strategic plan through 2027, according to four sources with knowledge of the talks. The company has...
Italgas begins exclusive talks to buy 2i Rete Gas
Italgas, Europe’s biggest gas distributor, said on Monday that it started exclusive talks to acquire smaller rival 2i Rete Gas. A merger between the two would be a major step in the consolidation of the gas...
Dorf Ketal Chemicals India acquires Impact Fluid Solutions to expand its suite of solutions for oil and ga
Specialty chemicals major Dorf Ketal Chemicals India has acquired Impact Fluid Solutions to expand its suite of solutions for oil and gas production. Texas-headquartered Impact Fluid Solutions, which is a provider of...
Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore
Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia’s main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and...
Exxon Mobil completes $60 billion deal for Pioneer Natural
Exxon Mobil has closed its $60 billion purchase of Pioneer Natural Resources, the oil and gas producer said on Friday, a day after receiving a go-head from the U.S. Federal Trade Commission (FTC) for the deal.
US oil and gas M&A hits quarterly record after blockbuster 2023
U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year’s fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday. Energy companies...
