Latest Oil & Gas News
GIP announces multiple promotions
Global Infrastructure Partners has promoted Bob Callahan, Lucy Chadwick and Andrew Paulson to partner
Shell completes divestment from Deer Park refinery
Shell has closed the sale of its interest in Deer Park Refining to Mexican state-owned oil company Pemex for $596 million
Tanzania appoints Baker Botts as LNG adviser
State-owned TPDC has appointed Baker Botts as its transaction adviser on a $30 billion LNG project
Malaysian upstream closes acquisition of portfolio
A Kuala Lumpur-headquartered energy company has completed the acquisition of a firm with exposure to production sharing contracts in Southeast Asia for more than $210 million
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Chesapeake to acquire Chief in cash and stock deal
Oil & Gas North AmericaChesapeake Energy has reached an agreement to acquire Chief E&D Holdings and associated non-operated interests held by affiliates of Tug Hill for $2 billion in cash and 9.44 million common shares
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EXCLUSIVE European storage terminal sale to launch
Oil & Gas EuropeWord reaches IJGlobal of the imminent launch of a sale process for a major storage terminal in Europe – an asset that has a compelling tale to tell on its transition towards full ESG credentials
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SBM sells minority stake in Almirante Tamandaré
Oil & Gas Latin AmericaDutch FPSO provider SBM Offshore is to sell a minority stake in the SPV responsible for leasing and operating FPSO Almirante Tamandaré, which is to be deployed in Brazil
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Ex ING MDs front DC Advisory's Benelux opening
Oil & Gas EuropeDC Advisory has launched a Benelux team based out of a new Netherlands office
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Enauta makes FID for Atlanta FPSO
Oil & Gas Latin AmericaBrazilian independent oil and gas firm Enauta Energia has signed a purchase agreement for FPSO OSX-2, having inked a letter of intent for the asset at the end of 2021
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Enerflex to merge with Exterran in an all-stock deal
Oil & Gas North AmericaEnerflex is to acquire Exterran to create a global provider of energy infrastructure with an enterprise value of $1.5 billion in an all-share transaction
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Indonesia breaks ground on coal gasification
Oil & Gas Asia PacificThe Indonesian government has moved forward a coal gasification project in South Sumatra with an initial investment of up to $2.3 billion from US-based Air Products & Chemicals
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TotalEnergies to exit Myanmar offshore gas
Oil & Gas Asia PacificFrench oil and gas company TotalEnergies has decided to step away from a midstream gas project in Myanmar due to the worsening situation since the coup d'etat on 1 February 2021
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AIIB approves Chinese VC allocation
Oil & Gas Asia PacificAsian Infrastructure Investment Bank has approved a $40 million commitment to a Shanghai-headquartered venture capital firm
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BHP UK shareholders approve merger
Oil & Gas Asia PacificThe shareholders of BHP have approved the proposed unification of the mining giant’s UK and Australian entities to form a single entity with primary listing on the ASX
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ESR completes acquisition of ARA
Oil & Gas Asia PacificESR has formed Asia Pacific’s largest real asset manager “powered by the new economy” and the third largest listed real estate investment manager globally with an AUM of $140 billion by completing its acquisition of ARA Asset Management
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Sempra Infrastructure completes PP
Oil & Gas Latin AmericaSempra Infrastructure Partners – a recently-created subsidiary of Sempra Energy active in LNG and associated infrastructure in the US and Mexico – has completed its inaugural private placement
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Inpex to begin gas exploration in Japan Sea
Oil & Gas Asia PacificJapanese oil company Inpex plans to begin exploration drilling operations for oil and natural gas resources in the Sea of Japan
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Ríos joins DLA Piper in Mexico
Oil & Gas Latin AmericaRoberto Ríos Artigas has moved to DLA Piper as a partner in the firm’s Mexico City office
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Clearfork announces acquisition and capital commitment
Oil & Gas North AmericaClearfork Midstream has reached an agreement to purchase Azure Midstream Energy and secured a capital commitment from venture capital firm EnCap Flatrock Midstream