
Tourmaline Oil to buy gas producer Crew Energy for C$1.3bn
Canada’s Tourmaline Oil has signed a definitive agreement to acquire liquids-rich natural gas company Crew Energy in a deal valued at C$1.3bn ($946.6m).

Canada’s Tourmaline Oil has signed a definitive agreement to acquire liquids-rich natural gas company Crew Energy in a deal valued at C$1.3bn ($946.6m).

Argentina’s national oil company YPF is advancing its divestment strategy, focusing on the Vaca Muerta shale formation, reported Bloomberg.

India’s Oil and Natural Gas Corporation (ONGC) has received government approval for an additional investment of Rs183.65bn ($2.19bn) into ONGC Petro additions Limited (OPaL).

Reliance Industries is planning a crude-for-naphtha swap deal to resume crude oil trade with Venezuela, reported Reuters, citing sources.

Savannah Energy has terminated its planned $1.25bn purchase of Petronas’ oil and gas business in South Sudan.

Equinor, alongside Exxon Mobil, has transferred its ownership in a deepwater exploration block off the coast of Suriname to Hess.

TotalEnergies has reached an agreement to divest its 50% share in Total PARCO Pakistan Limited (TPPL) to Gunvor Group for an undisclosed sum.

ADNOC has entered into a long-term HoA with Osaka Gas for the supply of up to 0.8 million metric tonnes per annum (mmtpa) of LNG.

The Italian government has approved the acquisition of a 70% stake in the Adriatic LNG terminal by VTTI, reported Reuters, citing sources.

Trace Midstream Partners II has agreed to acquire LM Energy Delaware’s natural gas gathering and transportation assets.
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We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.