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(Reuters) – BP is in active talks with investment firm Stonepeak over the sale of its Castrol lubricants unit, two people with knowledge of the situation said, in what would be a major step in meeting the energy company’s $20 billion goal. KEY DETAILS Both Stonepeak and private equity firm One Rock made bids for …
BP in Active Talks With Stonepeak Over Castrol Sale, Sources Say Read More »
Deal values in the global energy sector have fallen about 6% this year By David Carnevali and Fareed Sahloul Low energy On this Tuesday a year ago, as US voters were handing Donald Trump the keys to the White House for a second time, M&A bankers were looking forward to the boom times; few more …
Oil & Gas: The One Sector Missing Out of M&A’s Big Revival Read More »
(Reuters) – LLOG Exploration Offshore is exploring a potential sale, which may value one of the largest privately held oil and gas producers in the U.S. Gulf at more than $3 billion including debt, people familiar with the matter said. The Covington, Louisiana-based company is working with investment bankers at Guggenheim Securities on the effort, …
US Gulf Producer LLOG Exploration Explores Sale at $3 Billion Valuation, Sources Say Read More »
(Reuters) – U.S. natural gas dealmaking has surged in 2025 and is set to accelerate, analysts say, driven by record power demand from AI data centers, rising LNG exports and renewed Asian investment. The United States is poised to see a record surge in power demand this year, led by data centers’ outsized energy needs, …
U.S. Natural Gas Sector Deals Surge in 2025 on AI, LNG Demand From Asia Read More »
(Reuters) – Persistently weak crude prices pressured merger and acquisition activity in the U.S. upstream oil and gas sector in the third quarter, analytics firm Enverus said on Wednesday. Dealmaking fell for the third straight quarter as U.S. crude futures averaged around $65 a barrel during the July through September period, around the level producers …
Upstream Oil and Gas Dealmaking Down in Third Quarter as Oil Prices Stayed Low Read More »
Oct 21 (Reuters) – CenterPoint Energy (CNP.N) will sell its natural gas distribution unit in Ohio to National Fuel Gas (NFG.N) for $2.62 billion, as the U.S. utility focuses on its core regulated electric and gas operations in other states. Shares of distribution company National Fuel fell 4.7% in morning trade on Tuesday and that …
CenterPoint to Sell Ohio Natural Gas Distribution Business for $2.62 Billion Read More »
Oct 6 (Reuters) – Chart Industries (GTLS.N) said on Monday that its shareholders voted to approve the company’s acquisition by Baker Hughes (BKR.O). In July, Baker Hughes said it would buy Chart Industries in a $13.6 billion all-cash deal, including debt, topping a previously agreed merger offer that Chart struck with rival Flowserve (FLS.N). Chart …
Chart Industries Backs Sale to Baker Hughes for $13.6 Billion Read More »
Berkshire Hathaway has reached a definitive agreement to acquire Occidental Petroleum’s chemical business, OxyChem, in an all-cash transaction valued at $9.7 billion. The sale, expected to close in the fourth quarter of 2025 pending regulatory approvals, represents one of the largest U.S. petrochemical transactions in recent years. Vicki Hollub, CEO of Occidental Occidental said it …
Warren Buffet’s Berkshire Hathaway to Acquire Occidental’s OxyChem for $9.7 Billion Read More »
September 30 – Global energy majors and related companies plan to slash more jobs in 2025, after cutting thousands last year, as the industry navigates weaker crude oil prices and a rapid consolidation. Benchmark Brent crude futures are down about 10.5% year-to-date, impacted by increased OPEC+ output and persistent demand uncertainty tied to the U.S. …
Global Energy Layoffs Deepen in 2025 as Crude Prices Weaken, M&A Deals Surge Read More »
(Reuters) – Berkshire Hathaway is in talks to buy Occidental Petroleum’s petrochemical unit for about $10 billion, the Wall Street Journal reported on Tuesday citing people familiar with the matter. The potential sale of the OxyChem unit, which supplies products used in sectors such as medical care, food security and construction, would add to a …
Berkshire in Talks to Buy Occidental’s OxyChem for About $10 Billion, WSJ Reports Read More »
