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...
EQT to buy Equitrans Midstream in bid to boost natural gas margins
Top U.S. natural gas producer EQT Corp on Monday said it agreed to buy Equitrans Midstream in an all-stock deal that values its former pipeline unit at about $14 billion including debt, as companies look to navigate...
AG&P Pratham, Think Gas set for $1.1-billion merger
Global infrastructure investor I-Squared Capital-backed city gas distribution companies in India — AG&P Pratham and Think Gas Distribution — are set to merge, according to two industry executives aware of the...
Vitol close to buying Exxon, QatarEnergy stakes in Italy LNG terminal, sources say
Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy’s biggest liquefied natural gas import terminal from Exxon Mobil and QatarEnergy, two sources with knowledge of the matter...
TC Energy to sell Portland Natural Gas Transmission System for $1.14 bln
TC Energy said on Monday it has agreed to sell the Portland Natural Gas Transmission System (PNGTS) to a BlackRock-managed fund and Morgan Stanley Infrastructure Partners for $1.14 billion as part of its ongoing efforts...
UAE’s ADNOC closes acquisition of 24.9% stake in Austria’s OMV
Abu Dhabi National Oil Company (ADNOC) said on Thursday it has formally closed the acquisition of a 24.9% stake in Austrian oil and gas group OMV from Abu Dhabi sovereign wealth fund Mubadala Investment Company. The...
Australia’s Woodside to sell stake in Scarborough to Japan’s JERA for $1.4 bln
Woodside Energy is selling a 15.1% stake in its Scarborough project to Japan’s JERA for about $1.4 billion, marking the Australian gas producer’s second stake sale to a Japanese liquefied natural gas (LNG)...
