Oil & Gas

Ineos Energy Acquires Oil & Gas Assets from CNOOC

The completion of the deal marks the third major investment by Ineos Energy in the USA in the past three years. It increases Ineos' capital spending on energy assets in the USA to above $3 billion.

SNF to Acquire Two US Oil and Gas Fluids Firms

French specialty chemicals producer SNF has agreed to acquire PfP Industries and Ace Fluid Solutions, two oil and gas fluids firms based in Texas, USA. The strategic acquisitions, SNP said, expands its offerings for the company’s upstream oil and gas customers. Financial terms of the transactions were not disclosed.

ConocoPhillips to Acquire Marathon Oil

US oil and gas giant ConocoPhillips has reached a definitive agreement to acquire Marathon Oil for $22.5 billion, including net debt of $5.4 billion. The transaction, which is subject to the approval of Marathon Oil stockholders, regulatory clearance and other customary closing conditions, is expected to close in the fourth quarter of 2024.

Kemira Divests Oil and Gas Business to Sterling Specialty Chemicals

In a move to focus on its core businesses, Finnish chemicals company Kemira has signed an agreement to divest its oil and gas-related portfolio for €260 million to Sterling Specialty Chemicals, a US subsidiary of Artek Industries, a global industrial chemicals group based in India.

Kemira Reviews Options for Oil & Gas Business

Kemira’s board of directors has decided to evaluate strategic options for its oil & gas business, including a potential sale. The Helsinki-headquartered company is reported to have engaged international investment bank Stifel as advisor.

Imperative and RSI Combine Oil & Gas Chemicals

Imperative Chemical Partners and RSI Chemicals – both based in Texas, USA – are merging to form what they said will be one of the largest oil & gas chemicals businesses focused on the US land market.

Italmatch Boosts Oil & Gas Chemicals with Aubin Buy

Italian multinational specialty chemicals company Italmatch has acquired Aubin Group from investment firm BGF, its owner since October 2013. Financial terms of the transaction were not disclosed.

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Eastman to Pay $2.8 Billion for Alkylamines Producer Taminco

BASF Chief Upholds 2013 Earnings Forecast After Strong Q3

BASF wants to protect margins and create value