Mergers, Acquisitions, and Divestitures impacting the world energy market
TG Natural Resources, in which Tokyo Gas America has a 93 percent stake and a unit of Castleton Commodities International holds the rest, has closed on a transaction to purchase a 70 percent interest in […]
In January this year, Glenfarne confirmed it had entered into an exclusive agreement with AGDC for the development of the Alaska LNG project, including the Alaska export facility, pipeline, and a carbon capture facility, AGDC […]
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 […]
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