TotalEnergies, a major player in the global energy sector, has made a significant move by selling its 10% stake in the SPDC JV licenses in Nigeria to Chappal Energies. The deal, valued at USD 860 million, involves TotalEnergies EP Nigeria, a subsidiary of TotalEnergies, transferring its interests in certain oil and gas licenses in the […]
Diversified Energy Company PLC (LSE: DEC; NYSE: DEC), a leader in the natural gas sector, has executed a conditional purchase and sale agreement to acquire key natural gas properties and related facilities in eastern Texas from Crescent Pass Energy. The acquisition, valued at $106 million before adjustments, with an estimated net purchase price of $100 […]
Phillips 66 (NYSE: PSX) has finalized a deal to sell its 25% non-operated common equity interest in the Rockies Express Pipeline LLC (REX) to a subsidiary of Tallgrass Energy, LP (TGE). The transaction, valued at an enterprise value of approximately $1.275 billion, will result in Tallgrass Energy assuming full ownership of the common equity interest […]
Tellurian Inc. (NYSE American: TELL) and Aethon Energy Management LLC have entered into a significant agreement where Aethon will acquire Tellurian’s upstream assets for $260 million. This transaction not only expands Aethon’s operational footprint in the Louisiana Haynesville and Bossier shale basins but also includes a pivotal Heads of Agreement for the purchase of two […]
Hexagon Composites ASA (OSE: HEX.OL) has announced the signing of two significant agreements with Worthington Enterprises (NYSE: WOR), marking a pivotal shift in its business strategy and reinforcing its commitment to the clean energy sector. Sale of Hexagon Ragasco: Expanding Global Reach Under the first agreement, Worthington Enterprises will acquire 100% of Hexagon Ragasco for […]