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...
Malaysia’s Sapura Energy to sell stake in SapuraOMV to TotalEnergies for $705 mln
Malaysia’s Sapura Energy will sell its entire 50% stake in oil and gas upstream company SapuraOMV to French energy group TotalEnergies for $705.3 million, the company said on Monday. The deal, which includes a...
SLB to buy ChampionX for $8 billion in growing deal-making in US energy sector
Top oilfield services company SLB said on Tuesday it will buy smaller rival ChampionX in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield service...
Phillips 66 explores sale of pipeline stake worth over $1 billion, sources say
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday. The...
CEZ to acquire 55.21% stake in GasNet
Czech utility CEZ said on Thursday it would acquire a 55.21% stake in gas distributor GasNet for 846.5 million euros ($926 million) from Macquarie Asset Management. GasNet manages a 65,000 km long network of gas...
Idemitsu raises stake in Fuji Oil, eyes holding 20%
Idemitsu Kosan, Japan’s second-biggest oil refinery, said on Tuesday it will raise its stake in Fuji Oil to 13.04% from 6.58% by buying stake from Sumitomo Chemical and may raise its ownership to 20%. The move is...
Kimmeridge makes new $2.1 bln offer for SilverBow
Kimmeridge Energy Management has submitted a new offer to acquire SilverBow Resources that values the U.S. oil and gas producer at close to $2.1 billion, including debt, the investment firm said on Wednesday. The offer...
