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Ithaca to buy Chevron's North Sea assets; Total to buy Toshiba's US LNG business

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

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Climate Credit Analytics: Linking climate scenarios to financial impacts

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Essential Energy Insights, April 2021

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The Heightened Regulatory Environment: Is the Banking Sector Facing More Fines?


Ithaca to buy Chevron's North Sea assets; Total to buy Toshiba's US LNG business

Natural gas/Oil M&A

Report: Algeria may reject Total's acquisition of Anadarko's Algerian assets

Algeria is considering rejecting the acquisition of Anadarko Petroleum Corp.'s Algerian assets by TOTAL SA, according to a report from Reuters, citing Algerian Energy Minister Mohamed Arkab.

Canadian Natural bulks up on oil sands assets amid foreign exodus

Canada's biggest oil producer is about to get bigger, stepping in to buy the oil sands assets of Devon Energy Corp. as international companies flee the country's production region amid price, transportation and environmental concerns.

Delek Group's Ithaca strikes $2B deal to acquire Chevron's North Sea business

Ithaca Energy Ltd. hopes to become the second largest independent oil and gas producer in the U.K. North Sea with a $2 billion deal to acquire Chevron North Sea Ltd.

TC Energy to divest Northern Courier pipeline stake for C$1.15B

TC Energy Corp., formerly known as TransCanada Corp., agreed to off-load an 85% stake in the Northern Courier pipeline to Alberta Investment Management Corp. for estimated gross proceeds of about C$1.15 billion.

Total to acquire Toshiba's US LNG business as it grows LNG portfolio

TOTAL SA has signed an agreement to acquire all of Toshiba Corp. subsidiary Toshiba America LNG Corp.'s shares for $15 million as the French supermajor works to become a major LNG portfolio player.

Report: Energy-focused investor NGP looks to sell Oilfield Water Logistics

Energy-focused private equity firm NGP Energy Capital Management LLC is evaluating a potential sale and other options for Oilfield Water Logistics LLC, Bloomberg News reported, citing people familiar with the matter.

Beach Energy completes sale of 40% stake in Victorian Otway assets

Australian oil and gas producer Beach Energy Ltd. announced that it has completed the sale of its 40% interest in the Victorian Otway assets to O.G. Energy Holdings Ltd. subsidiary OGOG (Otway) Pty. Ltd. for A$262.0 million.

Altus Midstream closes purchase of stake in $2.1B Permian Highway pipeline

Altus Midstream Co. subsidiary Altus Midstream Processing LP closed its acquisition of a roughly 26.7% stake in the Kinder Morgan Inc.-led Permian Highway natural gas pipeline for about $161 million.

Report: Dutch feed supplier Nutreco in talks to buy CJ Cheiljedang's feed assets

Dutch aqua-feed producer Nutreco NV is in advanced talks to acquire CJ Cheiljedang Corp.'s animal feed assets for about 2 trillion South Korean won, Bloomberg News reported, citing people with knowledge of the matter.

PDC Energy closes sale of Delaware Basin water midstream assets

PDC Energy Inc. has completed the sale of its water-related midstream assets in the Delaware Basin to WaterBridge Resources LLC for an initial cash purchase price of $125 million.

Report: Petrobras nears sale of 2 offshore oilfields

Brazilian state-controlled Petróleo Brasileiro SA - Petrobras is nearing the sale of two oilfields in a process that could bring in around $1 billion, according to a report from Reuters.

Petrobras to evaluate Supreme Court decision on suspension of TAG sale

Brazilian state-controlled Petróleo Brasileiro disclosed that it will evaluate the decision of Supreme Court Judge Edson Fachin on an injunction suspending the sale of its 90% stake in its subsidiary Transportadora Associada de Gás SA.

Report: Petrobras sets deadline for nonbinding proposals for Liquigas unit

Petrobras, has set the deadline for nonbinding proposals to acquire its liquefied petroleum gas distribution unit Liquigás Distribuidora SA for June 7, Reuters reported, citing a source "with knowledge of the matter."

Eni unit acquires 10% stake in 3 exploration licenses offshore Mozambique

Eni Mozambico SpA, a subsidiary of Eni SpA, acquired a 10% stake and rights to explore and develop three offshore blocks in Mozambique through a farm-in agreement signed with Exxon Mobil Corp. subsidiary ExxonMobil Moçambique Exploration & Production Limitada and authorized by Mozambican institutions.

Teekay Offshore Partners hires advisers to evaluate Brookfield buyout offer

Midstream services provider Teekay Offshore Partners LP said that the conflicts committee of its general partner Teekay Offshore GP LLC has appointed advisers to help it evaluate an unsolicited nonbinding proposal from a consortium led by private equity firm Brookfield Business Partners LP.

Report: Shell plans to buy stake in South African oil block

Oil major Royal Dutch Shell PLC is planning to buy a stake in a license offshore South Africa that is owned by OK Energy, Bloomberg reported.

NMDC consolidating Legacy Iron interest, posts 21% higher net profit for FY'19

India's National Mineral Development Corp. Ltd., or NMDC, plans to acquire the 21.44% shareholding it does not already own in Australia's Legacy Iron Ore Ltd., The New Indian Express reported May 30, citing NMDC Finance Director Amitava Mukherjee.

Marathon Oil closes sale of interest in Kurdistan block

Marathon Oil Corp. disclosed that it has completed the sale of its 15% interest in the Atrush block in Kurdistan, which marks its exit from the country.

Coal M&A

Polish utility Tauron mulls Janina coal mine sale in move toward green energy

Poland's state-owned utility company TAURON Polska Energia SA is mulling the sale of its @ coal mine in the south of the country, in order to cut down on carbon emissions and move towards greener energy, Reuters reported.