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Activist investment firm Kimmeridge Energy Management has submitted a $6 billion offer to buy Ascent Resources, the Financial Times reported on Tuesday. The bid is the latest challenge to Ascent’s private equity backer Energy & Minerals Group’s (EMG) efforts to sell a more than 30% stake in the company from one of its funds to …
By Ahmed Rasheed and Aref Mohammed Lukoil seeks to sell assets due to U.S. sanctions West Qurna 2 is Lukoil’s largest foreign asset Exxon preferred by Iraq for West Qurna 2 takeover BAGHDAD, Dec 2 (Reuters) – Exxon Mobil (XOM.N) has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil’s …
By Anna Hirtenstein, Shariq Khan and Jarrett Renshaw LONDON/NEW YORK, Nov 18 (Reuters) – U.S. oil major Exxon Mobil (XOM.N) has joined rival Chevron Corp (CVX.N) in considering options to buy parts of sanctioned Russian oil major Lukoil’s (LKOH.MM) international assets, sources familiar with the matter said. Exxon is considering options for Lukoil assets in …
Exxon Joins Chevron in Pursuing Parts of Lukoil Global Empire, Sources Say Read More »
(Reuters) – Spain’s biggest refinery operator Repsol SA is considering a reverse merger of its upstream unit with potential partners, including U.S. energy producer APA, Bloomberg News reported on Thursday, citing people with knowledge of the matter. APA shares were up 7.1% at $25.59. Repsol in 2022 entered into a deal to sell a 25% …
Repsol Weighs Merger of $19 Billion Upstream Unit With APA, Bloomberg News Reports Read More »
(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 »
