Category: Deal News

Canada’s Pembina Gas Infrastructure (PGI) has signed an agreement to acquire midstream assets from Veren for C$400m.

Exxon Mobil has withdrawn from the bidding process to acquire a majority share in Galp Energia’s oil discovery in Namibia, reported Reuters.

Canadian methanol producer Methanex has entered into a definitive agreement to acquire OCI’s international methanol business for $2.05bn.  

Saudi Aramco, ADNOC, and Trafigura are among the entities vying to acquire Shell’s service stations in South Africa, reported Bloomberg.

Mantel Capture, a US-based carbon capture technology startup, has raised $30m in a Series A funding round co-led by Shell and Eni.

ADNOC has signed an agreement to acquire a 35% equity stake in ExxonMobil’s proposed low-carbon hydrogen facility in Texas, the US.  

Wintershall Dea has completed the transfer of its exploration and production (E&P) business, excluding Russia-related activities, to Harbour Energy .

American oil refiner Phillips 66 has divested its natural gas gathering and processing assets in East Texas to Voyager Midstream, which is backed by Pearl Energy Investments.

DNO, the Norwegian oil and gas operator, has closed its acquisition of interests in five oil and gas fields, including an operatorship, in the Norne area of the Norwegian Sea from Vår Energi.

Santos has finalised negotiations with TIMOR GAP to transfer a 16% interest in the Bayu-Undan upstream project.