Latest Oil & Gas News
AES sells minority stakes in DR and Panama subsidiaries
The AES Corporation has agreed to sell minority stakes in its Dominican and Panamanian businesses, adding a new partner in the company’s shareholders
MUFG poaches China head from JPM
MUFG Bank has poached senior investment banker Benjamin Lam from JPMorgan Chase Bank of China to lead its China business
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OPAL Fuels JVs with South Jersey Industries for RNG projects
Oil & Gas North AmericaRenewable natural gas producer OPAL Fuels and South Jersey Industries, an infrastructure holding company, have entered a 50/50 joint venture to develop, own, construct and operate RNG facilities
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Prax hires managing director for Asia, Middle East
Oil & Gas Asia PacificPrax Group, a London-headquartered oil major, has appointed Maarten van Wesemael as its new managing director for the Middle East and Asia
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Prostar sells GTI Fujairah, UAE
Oil & Gas MENAProstar Capital has closed the sale of its bulk liquid storage terminal facility in the United Arab Emirates – GTI Fujairah – to Mercantile & Maritime Group
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EXCLUSIVE Sale of NatWest's Northern Ireland gas business underway
Oil & Gas EuropeNatWest has launched a process to sell its 50% stake in Northern Irish natural gas company Phoenix Group, IJGlobal has learned
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Natixis hires head of M&A, SEA and India
Oil & Gas Asia PacificNatixis Corporate & Investment Banking has appointed Abbas Rangwala as the head of M&A, Southeast Asia & India, a newly created role
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Oneok closes $18.8bn Magellan Midstream acquisition
Oil & Gas North AmericaOneok has completed its previously announced acquisition of Magellan Midstream Partners in a deal valued at $18.8 billion, including assumed debt
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Sempra’s Port Arthur LNG Phase 2 wins authorisation
Oil & Gas North AmericaSempra Infrastructure has received approval from the Federal Energy Regulatory Commission for the permit authorizing the Port Arthur LNG Phase 2 expansion project in Jefferson County, Texas
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Delmas to head TotalEnergies Australia
Oil & Gas Asia PacificDavid Delmas has taken up the role of managing director for Australia at TotalEnergies, where he will relocate from Singapore to Sydney, Australia
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AustralianSuper ups stake in Origin, Oz
Oil & Gas Asia PacificAustralian superannuation fund AustralianSuper has increased its stake in Australian electricity retailer Origin Energy amid a takeover offer by Brookfield and EIG’s MidOcean Energy
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Genting, Pupuk ink LNG pact, Indonesia
Oil & Gas Asia PacificGenting Oil & Gas and PT Pupuk Indonesia have entered into a gas sale and purchase agreement
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Air Products inks $10bn investment in Uzbekistan
Oil & Gas Asia PacificAir Products and Chemicals has agreed to invest up to $10 billion into Uzbekistan, via projects in coal gasification, hydrogen, and ammonia production and other decarbonization initiatives
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EXCLUSIVE Last Mile to hit the market, UK
Oil & Gas EuropeInfracapital Partners – the infrastructure investment arm of M&G – is considering the sale of Last Mile Infrastructure Group, IJGlobal understands
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Lycos Energy to acquire Canadian oil producer
Oil & Gas North AmericaLycos Energy has reached an agreement to acquire Durham Creek Exploration, a privately-held Alberta-based heavy oil producer for C$22.5 million
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NextDecade secures $356m for Rio Grande LNG
Oil & Gas North AmericaNextDecade has secured $356 million of senior loans to finance a portion of the first 3 LNG trains at its 27 mtpa Rio Grande LNG export facility in Brownsville, Texas
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PIF, QIA among anchor investors in OQ Gas Networks' IPO
Oil & Gas MENASaudi Omani Investment Company, the Qatar Investment Authority and Fluxys International have been unveiled as the anchor investors in OQ Gas Networks' upcoming IPO