AK&M has published an M&A digest of news from companies in the Oil and Gas Production and Refining industry

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AK&M 07 September 2026 16:17

The 1688th issue of the bulletin "Branches of the Russian Economy: Manufacturing, Finance, Securities. Oil and Gas production and Oil refining" of the AK&M News Agency.

It contains a digest of the M&A news of the enterprises of the specified industry.

Main events:

The British oil and gas company Serica Energy plc has agreed on the terms of the asset buyout of Pharos Energy plc, offering 145.7 million pounds.

BP plc and the Turkish Oil Company (TPAO) have agreed on the terms of the Turkish operator's acquisition of a 15% stake in BP Energy Company of Kirkuk Limited (BP ECKL), operating in several large oil and gas fields in the Kirkuk region of northern Iraq.

BP plc has announced the launch of the sale of its North Sea business.

BP plc has completed the sale of the Gelsenkirchen refinery (Germany) and related assets to the independent European oil refining company Klesch Group.

The Australian oil and gas company Galilee Energy Ltd. has entered into a definitive agreement with Novus Energy Production Co. Pty Ltd. on the sale of the Glenaras Gas Project.

Canadian oil and gas company Gran Tierra Energy Inc. has signed an agreement with French Établissements Maurel&Prom S.A. to sell its assets in Colombia and Ecuador for $1.33 billion.

The Israeli oil and gas company Ratio Petroleum Energy LP has increased the value of its bid to acquire the British Pharos Energy plc to 146.4 million pounds, surpassing the competing bid from Serica Energy plc.

The Japanese energy company ENEOS Holdings Inc. acquired the American company TPC Group for $1.28 billion, including debt obligations.

The British Klesch Group acquired the Gelsenkirchen Refinery from the British oil and gas company BP plc, becoming the second largest such enterprise in Germany.

The British company Apertura Energy Plc announced the conclusion of an agreement to acquire the Brazilian oilfield services company Conterp Group Plc for 25 million pounds.

India's largest oil refining company, Indian Oil Corp (IOC), has announced a tender for the acquisition of a 50% stake in very large gas carriers (VLGC).

Morgan Stanley Investment Management, through its subsidiary Morgan Stanley Infrastructure Partners (MSIP), has entered into an agreement to acquire Epic Energy, an Australian gas pipeline operator.

The Chinese oil and gas company PetroChina Co. It is considering options for selling part of its stake in LNG Canada Development Inc. in order to raise funds to finance the planned expansion of the project.

The Council of Ministers of Bulgaria has approved the entry of the Turkish state oil and gas company TPAO into the oil and gas exploration project at Khan Tervel Block 1-26 in the exclusive economic zone of the Black Sea.

Hungarian oil and gas company MOL Group announced that it has signed an agreement with British Shell to acquire 100% of shares in a subsidiary of BG Cyprus Limited for $720 million.

BP has reached an agreement with Trinidad and Tobago's state-owned National Gas Company (NGC) to sell a 20% stake in the Venezuelan portion of the Coquina-Manaquin cross-border gas field.

British oil and gas company BP plc has entered into an agreement with Australian Woodside Energy Ltd. to acquire 70% in the Calypso gas field offshore Trinidad and Tobago.

The head of the Republic of Bashkortostan, Radiy Khabirov, told reporters that the republic plans to sell the remaining part of its stake in PJSC Bashneft to Rosneft.

The Office of Foreign Assets Control of the U.S. Department of the Treasury (OFAC) extended until September 19 the license that expired on August 22, which allows negotiations and entry into conditional agreements with PJSC LUKOIL for the sale of LUKOIL International GmbH (LIG, which owns foreign assets of the company) or any controlled company.

The French oil and gas company TotalEnergies has transferred a 10% stake in the Arctic LNG-2 project to the structure of PJSC NOVATEK, LLC NordLine.

In July 2026, PJSC Transneft acquired a stake of 7.52% of the voting securities of the organization, the ultimate controlling party of which is the Russian Federation.

The Nigerian oil refining and petrochemical company Dangote Petroleum Refinery & Petrochemicals is preparing to conduct an initial public offering (IPO), hoping to raise about $5 billion.

The British oil company 1947 Oil&Gas Plc plans to raise 50 million pounds ($67 million) by placing shares on the London Stock Exchange (LSE).

The national drilling company UNG Burg'ilash has been established as part of the Uzbekneftegaz Oil and Gas Corporation (Uzbekistan).

The Syrian Democratic Forces (SDF) plan to transfer all oil fields and wells in Hasaka province to the control of the Syrian government on September 10.

 

The influence on the share price of oil and gas companies over the past period has been based on such factors as the geopolitical background around Russia, global conditions in financial and commodity markets, including Brent crude oil prices, corporate news, financial statements of companies in the industry, as well as the dynamics of exchange rates. It is these indicators that will remain the main catalyst for price movements in this stock market for a long time. In five weeks, the Moscow Exchange's oil and gas index dropped by 1.05% to 5713.51 points.

The oil and gas segment of the Russian market performed worse than average in relation to other exchange segments.

In five weeks, Gazprom shares decreased in price by 8.72% from 93.22 rubles to 85.09 rubles. The minimum price value was observed on August 26 at 82.34 rubles, the maximum was reached on August 5 at 95.41 rubles. The volatility of the paper during the period was low (0.4%) and amounted to 0.39 rubles.

During July-August, shares of PJSC LUKOIL decreased in price by 2.89% from 4717.0 rubles to 4580 rubles.5 rubles . The minimum price value was observed on August 24 at the level of 4126.0 rubles, the maximum was reached on July 29 at the level of 4750.0 rubles. The volatility of the paper during the period was low (0.5%) and amounted to 23.18 rubles.

During July-August, Rosneft shares decreased in price by 12.04% from 352.30 rubles to 309.90 rubles. The minimum price value was observed on August 26 at the level of 304.70 rubles, the maximum was reached on August 6 at the level of 354.65 rubles. The volatility of the paper during the period was low (0.4%) and amounted to 1.53 rubles.

In five weeks, shares of PJSC NOVATEK decreased in price by 8.71% from 1019.0 rubles to 930.2 rubles. The minimum price value was observed on August 17 at the level of 910.4 rubles, the maximum was reached on August 11 at the level of 1041.5 rubles . The volatility of the paper during the period was low (0.5%) and amounted to 5.26 rubles.

 

This and many other topics are covered in Bulletin No. 1688 of the monthly bulletin "Branches of the Russian Economy: Manufacturing, Finance, Securities. Oil and Gas Production and Oil Refining" by the AK&M News Agency dated September 02, 2026.

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