Latest Deals

The deal would enable Blackstone to earn a steady income and provide exposure to energy infrastructure assets. Credit: John Hanson Pye / Shutterstock

Blackstone is in negotiations to acquire minority stakes in natural gas producer EQT’s US interstate natural gas pipelines for an estimated $3.5bn, US news services reported. The move could assist the natural gas producer in reducing its debt, which escalated following its purchase of Equitrans Midstream in 2024.

Iraq has inked a gas supply deal with Turkmenistan, securing 20 million cubic metres (mcm/d) per day of gas to enhance its electricity facilities. The new arrangement is particularly significant for Iraq, an oil-rich nation that has faced intermittent gas supply disruptions from Iran due to outstanding debts and US sanctions.

Woodside Energy has finalised the acquisition of Tellurian, a US-based LNG company, for $1.2bn, which includes the assumption of debt. This deal, first announced in July, is set to strengthen Woodside’s standing as a leading independent LNG entity by incorporating the Driftwood LNG project into its portfolio.

Abu Dhabi National Oil Company (ADNOC) has signed an agreement to acquire German chemical manufacturer Covestro for €11.7bn (Dh47.43bn). The buy includes a public takeover offer for all outstanding shares of Covestro at €62 per share. Covestro’s supervisory board expressed its support for the takeover.