Trafigura oil traders have put $1.5bn of their own cash into Rosneft's $110bn vast Vostok oil…
Oil, Gas, Energy, & Power
Business news and investment opportunities in the global oil, gas, energy and power sectors
STATS
A list of the top 10 deals in history in the energy sector (2018)
Source: Institute for Mergers, Acquisitions and Alliances
| Date Announced | Acquiror Name | Acquiror Mid Industry | Acquiror Nation | Target Name | Target Mid Industry | Target Nation | Value of Transaction (USD mil) |
| 12/01/1998 | Exxon Corp | Oil & Gas | United States | Mobil Corp | Oil & Gas | United States | 78,945.79 |
| 10/28/2004 | Royal Dutch Petroleum Co | Oil & Gas | Netherlands | Shell Transport & Trading Co | Oil & Gas | United Kingdom | 74,558.58 |
| 04/08/2015 | Royal Dutch Shell PLC | Petrochemicals | Netherlands | BG Group PLC | Oil & Gas | United Kingdom | 69,445.02 |
| 02/25/2006 | Gaz de France SA | Oil & Gas | France | Suez SA | Power | France | 60,856.45 |
| 07/05/1999 | Total Fina SA | Oil & Gas | France | Elf Aquitaine | Oil & Gas | France | 50,070.05 |
| 08/11/1998 | British Petroleum Co PLC | Oil & Gas | United Kingdom | Amoco Corp | Oil & Gas | United States | 48,174.09 |
| 09/01/2010 | Petrobras | Oil & Gas | Brazil | Brazil-Oil & Gas Blocks | Oil & Gas | Brazil | 42,877.03 |
| 10/16/2000 | Chevron Corp | Petrochemicals | United States | Texaco Inc | Petrochemicals | United States | 42,872.30 |
| 06/20/2000 | Vivendi SA | Water and Waste Management | France | Seagram Co Ltd | Motion Pictures / Audio Visual | Canada | 40,428.19 |
| 12/14/2009 | Exxon Mobil Corp | Petrochemicals | United States | XTO Energy Inc | Oil & Gas | United States | 40,298.14 |
Xi’s carbon neutral pledge signals sunny days for China’s clean energy sector
President X yesterday pledged to make China carbon neutral by 2026
Ethiopia begins filling GERD dam
Water levels behind the Grand Ethiopian Renaissance Dam (GERD ) have begun to rise and the…
Tension mounts over Renaissance dam
Ethiopia has alarmed Egypt and Sudan by deciding to start filling the Renaissance dam before signing…
Baltic Pipe Project all set to boost Poland’s energy security
Baltic Pipe Project: The prospect of Poland freeing itself from its dependence on Russia for its…
FTSE 250 welcomes in green, healthcare and social housing funds
FTSE 250: The growing demand for renewable energy, social housing and, of course, healthcare featured strongly…
Charter rates soar as supertankers drafted in to solve oil glut
Charter rates: In normal times a collapse in oil prices may have seriously negative implications for…
Morocco pledges $30bn to renewable energy
Morocco is planning to invest as much as $30bn in its renewable energy industry by 2030,…
Putin pours oil on NS2’s troubled waters amid fears of German power play
Russian President Vladimir Putin moved to allay European fears of a political agenda behind the controversial…
New North Sea discoveries make UK net oil producer for first time since 2004
The UK stands set on the brink of becoming a net oil producer for the first…
German opposition to Nord Stream 2 grows while Morawiecki warns of “war”
German energy consumers may end up picking up the cost of a €2.7bn gas pipeline extension…
‘New chapter’ as work starts on Afghan leg of TAPI pipeline
Work on the Afghan leg of the 1,814 km, $8bn TAPI natural gas pipeline that will…
Russia and China set to join forces in Saudi Aramco IPO
A joint Russia-China investment fund is gearing up to participate in Saudi Aramco’s forthcoming IPO, the CEO of…
Gas standoff in East Mediterranean as Turkey confronts Eni drillship
Tensions between Turkey and Cyprus over ownership of offshore hydrocarbon resources in the Mediterranean flared up…
Future of Chabahar and Farzad B high on agenda for Rouhani visit to India
Progress on the upgrade of the Iranian port of Chabahar and delays over the awarding of…
Russia looks to invest in Saudi Aramco as bonds with Riyadh grow ever deeper
Russian pension funds are considering investing in Saudi Aramco when it lists its stock in a…
China’s thirst for energy drives trade with Russia to new heights
Russia has reached its goal of increasing bilateral trade with China to $80bn a year ahead…
Realities of Chinese FDI in Russia come home to roost by Baikal
The day-to-day implications of Russia’s pivot eastward are gradually unfolding for its Far Eastern and Siberian…
Russia and Iran look for energy contracts as payback for Assad support
Russia’s support for Syrian President Bashar al-Assad’s regime throughout his country’s bloody civil war could be …
Odds on Trans Caspian pipeline shorten as littoral states settle their differences
After nearly 30 years of haggling over the legal status of the Caspian Sea, its five…
Crack in Forties pipeline forces UK to turn to Yamal LNG to meet demand
The discovery of a crack in the North Sea’s Forties gas pipeline and its subsequent temporary…
Coals to Newcastle*?: Putin offers to sell LNG from Yamal to Saudi Arabia
In the latest twist in the complex and sometimes bizarre tale of Eurasian geopolitics, Russian President…
Gazprom takes $22bn gamble on growth
Gazprom is planning to invest $24bn in the construction of critical infrastructure next year, an increase…
Total to forfeit investment if it pulls out of South Pars contract, Tehran warns
French energy giant Total will lose the $66m it has already committed to the development of…