Mergers, Acquisitions, and Divestitures impacting the world energy market
Geneva-based energy trader Vitol has agreed to buy a stake in Eni’s Congo LNG project as part of a deal announced on Wednesday. According to a statement by Italy’s Eni, Vitol will acquire interests in […]
UK-based LNG giant Shell has completed the previously announced sale of its Nigerian onshore subsidiary SPDC to Renaissance for $2.4 billion. Shell announced the compilation of the deal revealed in January 2024 in a statement […]
Dubai shipping firm Gulf Navigation (GulfNav) has been given the go-ahead by its shareholders to acquire the assets held by crude storage provider Brooge Energy. The takeover plan, announced in October 2023, covers $125m in […]
Whitecap Resources and Veren have agreed to a $10.4 billion all-share merger, creating a major Canadian oil and condensate producer. The combined company will have an enterprise value of $10.4 billion and produce 370,000 barrels […]
UK-based subsea cabling specialist Global Marine Group (GMG) has been acquired by Singapore’s Keppel Infrastructure Fund and a co-investor. The transaction, led by Keppel’s private investment vehicle will see 100% of GMG taken from J.F. […]
Aberdeen-headquartered oil player Dana Petroleum has terminated the agreement with NEO Energy for the acquisition of the Western Isles FPSO. Jersey Oil & Gas, NEO Energy’s partner in the Buchan Horst joint venture, said in […]
Norwegian oil and gas player DNO has reached an agreement to acquire all of the shares of Sval Energi from private equity firm HitecVision for a cash consideration of $450m. DNO said in an Oslo […]
Australian oil and gas player Karoon Energy has bought the Cidade de Itajaí FPSO for $115m from Altera & Ocyan, the joint venture formed by the Brazilian company Ocyan and Altera Infrastructure. The FPSO was […]
Activist fund Elliott is pushing Phillips 66 to sell chemicals CPChem is 50-50 joint venture between Chevron and Phillips 66 Chevron Corp. is interested in buying Phillips 66’s stake in a chemicals joint venture that activist Elliott Investment […]
O’Neill said during Woodisde’s earnings call on Tuesday that the company has “a number of high-quality counterparties with whom we are negotiating as we speak. The pricing point we will communicate in due course.” She […]
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