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Total to acquire Engie’s upstream LNG business, becoming 2nd largest global LNG player

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Total signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.49 With the equity stake in the Cameron LNG project, Total will also become an integrated player in the US LNG market, where the Group is already a gas producer.

Global 150
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Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

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CNOOC is China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world. The Group mainly engages in exploration, development, production and sales of oil and natural gas.

Oil-Sands 218