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(Reuters) – Infineum, a UK-based chemicals group backed by Shell, is exploring an $8 billion sale, the Financial Times reported on Thursday, as the energy major tries to refocus on its core oil and gas operations. The chemicals group, which is owned by Shell and ExxonMobil as a 50:50 joint venture, has tapped advisers at …
Shell- and Exxon-Backed UK Chemicals Group Weighs $8 Billion Sale, FT Reports Read More »
CALGARY, Alberta, Oct. 05, 2026 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire Athabasca Oil Corporation (TSX: ATH) (“Athabasca”) in a cash and stock transaction with an implied enterprise value of $5.7 billion. Transaction Highlights Clear strategic fit with Cenovus’s …
By Laila Kearney and Sumit Saha Lawmakers say the deal fails FERC’s public-interest standard AES investors and Ohio regulators already cleared parts of deal; closing targeted for 2026 or 2027 NEW YORK, Sept 29 (Reuters) – A group of US lawmakers including Senator Elizabeth Warren asked federal energy regulators this week to reject a more …
(Reuters) – BP has appointed former JPMorgan banker Ben Monaghan as senior vice president for mergers and acquisitions and business development from early 2027, a BP spokesperson said on Tuesday. Meg O’Neill, who became CEO in April, has prioritised a more disciplined approach to investment, saying decisions must be rooted in profitability, cash generation and …
BP Appoints Ben Monaghan as M&A Chief From Early 2027 Read More »
(Reuters) – BP is weighing a potential acquisition of Devon Energy’s operations in South Texas as part of renewed efforts by the British supermajor to grow its shale asset base in the United States, people familiar with the matter said. After years of prioritizing investments in renewable energy and leadership churn that included five chief …
BP Eyes Devon Energy Asset Amid Renewed US M&A Ambitions, Sources Say Read More »
By Iain Boekhoff American private equity firm Carlyle Group Inc. is backing a deal for an oil and gas company in Canada, its second major investment into the country’s oil sector in the last year. A newly formed company, Avenrock Energy Inc., will acquire privately held Parallax Energy Operating Inc., Carlyle announced Monday in a …
Carlyle Backs Deal to Buy Oil Firm Parallax in Latest Push Into Canada Read More »
(Reuters) – Japan Petroleum Exploration said on Thursday it will acquire all equity interests in four Fundare companies holding tight oil and gas assets in Colorado and Wyoming for about $320 million. The acquisition, expected to close in the October-December quarter, follows the purchase of adjacent Verdad Resources assets in February and is expected to …
Japex to Buy US Tight Oil and Gas Assets for $320 Million Read More »
(Reuters) – Dealmaking in the U.S. upstream oil and gas sector shrank fourfold to $9 billion in the second quarter of this year as volatile oil prices tempered investor confidence, analytics firm Enverus said on Wednesday. “Crude volatility tied to the Iran conflict and a softening gas outlook likely widened the bid-ask spread and complicated …
US Upstream Oil and Gas Second-Quarter Dealmaking Dives on Volatility Read More »
Takeaways by Bloomberg AI Williams Cos. reached a deal to buy Momentum Midstream LLC from EnCap Flatrock Midstream through a deal valued up to $5.5 billion, expanding its natural gas network along the US Gulf Coast. Williams will pay $3.5 billion in cash and debt consideration and about $2 billion in stock for the company, adding …
M&A: Williams Agrees to Buy Momentum Midstream for $5.5 Billion Read More »
(Reuters) – U.S. oil and gas producer Devon Energy is weighing a potential sale of its Eagle Ford and Powder River shale assets that could fetch more than $4 billion, Bloomberg News reported on Friday, citing people familiar with the matter. The potential divestment comes amid continued investor pressure on Devon to streamline its portfolio …
