Eneos Buys Chevron Oil Assets in APAC for $2.2B
The Japanese refiner agreed to purchase some of Chevron’s refining and retail assets across the Asia-Pacific for $2.17 billion.
Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Cuba says oil and diesel supplies have run dry under U.S. sanctions
A Cuban official said the situation is “extremely tense” as blackouts sparked protests in Havana on Wednesday.
TotalEnergies Expands Mediterranean Exploration with Egypt Deal
The MoU with state-owned EGAS covers a ‘large area’ off the north-western coast of Egypt.
Iberdrola Acquires Another Installed RE Plant in Italy
The Spanish power and gas utility said it now has about 450 MW of installed renewable energy capacity in Italy,
Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast
OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day.
B27 Intelligence, Energy M&A, Industry Reports
Texas regulator links energy security to dollar stability amid global tensions
Texas Railroad Commissioner Wayne Christian warned that rising federal debt, inflation and ongoing Strait of Hormuz tensions could threaten U.S.
B27 Intelligence, Energy M&A, Industry Reports
Cognite launches AI-native industrial workflow platform
Cognite has launched Cognite Flows, an AI-native industrial workflow platform designed to integrate operational data, applications and AI-driven insights into
Senegal Targets $7.5B Gas Project to End Energy Subsidies
Senegal’s state-owned oil company said the Yakaar-Teranga gas discovery will cost $7.5 billion to develop.
Oil Retreats After Inventory Data
US inventory data eased supply fears, helping push crude lower after a recent rally.
Senegal advances $7.5 billion Yakaar-Teranga gas development
Senegal is advancing plans for the $7.5 billion Yakaar-Teranga gas project as the country seeks to reduce energy subsidies, expand
Aramco Targets Raising Over $10B From Property Portfolio
Saudi Aramco is considering plans to raise billions of dollars from its real estate assets.
ExxonMobil Insists Move to Texas Won’t Erode Shareholder Rights
The oil and gas giant fought off calls by the New York City Comptroller’s Office and proxy advisory firm Glass
USA Bureau of Land Management Fully Rescinds Public Lands Rule
‘This Biden-era rule prevented energy and mineral production, timber management, grazing and recreation across the West’, Interior Secretary Doug Burgum
ReconAfrica advances Kavango West 1X production testing in Namibia
ReconAfrica and partners NAMCOR and BW Energy are advancing production testing operations at the Kavango West 1X well in Namibia,
TotalEnergies targets Egypt deep offshore potential through new agreement
TotalEnergies and EGAS have signed a memorandum of understanding covering offshore exploration cooperation in northwestern Egypt, supporting technical evaluation and
Sinopec reports 235 Bcm reserves at China’s first ultra-deep shale gas field
Sinopec has secured approval for 235.687 Bcm of proven reserves at the Ziyang Dongfeng field in the Sichuan basin, marking
B27 Intelligence, Energy M&A, Operator Watch, Permian Deal Monitor
Electricity generation from solar could exceed coal in ERCOT for the first time in 2026
In our most recent Short-Term Energy Outlook (STEO), we forecast that annual electric power generation from utility-scale solar will surpass
bp takes 40% stake in Uzbekistan’s North Ustyurt PSA
bp has entered the North Ustyurt production sharing agreement in Uzbekistan, acquiring a 40% stake in six exploration blocks alongside
Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace”
The IEA’s oil market report for May noted that global oil supply declined by a further 1.8 million barrels per
Eni Says Its Biodiesel Successfully Tested on Cruise Ship
Eni said tests it had conducted with an MSC cruise ship showed that its Hydrogenated Vegetable Oil biofuel can power