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Exxon to sell Norwegian assets; Total acquires Anadarko's stake in LNG project

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Next in Tech | Episode 49: Carbon reduction in cloud

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Using ESG Analysis to Support a Sustainable Future

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US utility commissioners: Who they are and how they impact regulation

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Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Exxon to sell Norwegian assets; Total acquires Anadarko's stake in LNG project

Oil and Gas M&A

Exxon's landmark move to sell Norwegian assets accelerates $15B divestment plan

In what would be the largest Norwegian upstream deal since the merger of Statoil and Norsk Hydro ASA in 2006, Exxon Mobil Corp.'s proposed landmark $4.5 billion sale of nonoperated assets in Norway to Eni SpA subsidiary Vår Energi AS will jump-start the major's plan to divest $15 billion by 2021, analysts said.

Total completes acquisition of Anadarko's stake in Mozambique LNG project

TOTAL SA closed its acquisition of Anadarko Petroleum Corp.'s stake and operatorship of the Mozambique liquefied natural gas project for $3.9 billion, which is part of Total's $8.8 billion purchase of African assets from Occidental Petroleum Corp.

Callon hits back at critics of Carrizo deal in message to shareholders

Houston-based Callon Petroleum Co. is taking its case for the planned $3.2 billion acquisition of Carrizo Oil & Gas Inc. directly to its shareholders as it fights back against vocal critics of the deal.

ConocoPhillips closes $2.7B sale of UK upstream units to Chrysaor

ConocoPhillips completed the sale of its two U.K. subsidiaries to Chrysaor Holdings Ltd.'s Chrysaor E&P Ltd. for $2.7 billion, plus interest and customary adjustments.

NextEra yieldco strikes deal to acquire Appalachian pipeline company for $1.37B

NextEra Energy Partners agreed to acquire Meade Pipeline Co. LLC in a deal worth about $1.37 billion, part of which is the acquisition of AltaGas Ltd. subsidiary WGL Midstream Inc.'s stake in the Central Penn pipeline for about $657 million.

Aramco's planned acquisition of SABIC cleared by South African tribunal

The Competition Tribunal of South Africa has approved Saudi Arabian Oil Co.'s acquisition of Saudi Basic Industries Corp., according to a Sept. 27 release.

Report: TPG Capital backs out of $930M deal to buy Goodnight Midstream stake

TPG Capital Management LP scrapped a nearly $1 billion deal to acquire a majority stake in produced water disposal specialist Goodnight Midstream LLC from fellow private equity firm Tailwater Capital LLC, Bloomberg News reported Sept. 25, citing a statement from TPG.

NGL Energy Partners to acquire another Delaware Basin water company for $600M

As part of its ongoing water strategy in the Delaware Basin, NGL Energy Partners LP agreed to acquire all equity interests of Hillstone Environmental Partners LLC from private equity investment firm Golden Gate Capital for approximately $600 million.

Activist investor makes case to split Marathon Petroleum into 3 businesses

An activist investor that owns about 2.5% of U.S. refiner Marathon Petroleum Corp. sent the company's board of directors a letter Sept. 25 calling for the integrated refiner to be split into three independent companies, outlining $39 billion in value such a move would unlock.

Report: Shareholder urges Tallgrass to seek higher buyout offer from Blackstone

Tallgrass Energy LP shareholder Tortoise Capital Advisors LLC advised the energy midstream company's independent board members to seek a higher buyout offer from Blackstone Group Inc.'s infrastructure arm, Bloomberg News reported Sept. 21, citing a person familiar with the matter

Petrobras begins binding phase to divest stake in Tucano Sul cluster in Brazil

State-owned oil company Petróleo Brasileiro SA started the binding phase of its plan to sell four onshore exploration and production concessions called the Tu cano Sul Cluster in the Brazilian state of Bahia, according to a Sept. 20 news release.

Coal M&A

American Resources named primary bidder for Cambrian's Perry County Coal assets

American Resources Corp. announced that it was named the primary bidder for some of Cambrian Holding Co. Inc.'s eastern Kentucky assets.

Report: Polish miner PG Silesia eyes state-owned Tauron's Janina coal mine

Polish mining business PG Silesia is looking to acquire state-run utility TAURON Polska Energia SA's Janina coal mine in southern Poland, Reuters reported Sept. 24, citing a local newspaper quoting unnamed sources.