Mercuria Acquires Raízen's Argentina Downstream Operations

Continental Resources Acquires 50% Interest in Phoenix Global Resources, Forming a 50/50 Vaca Muerta JV with Mercuria

August 20, 2026

Oil & Gas

Mercuria’s Phoenix Global Resources announced that Continental Resources has signed a Heads of Agreement to acquire a 50% interest in Phoenix. After completion, Mercuria and Continental will become equal owners of a newly formed 50/50 joint-venture operating company focused on developing and expanding Phoenix’s Vaca Muerta position in Argentina.

Adecoagro Acquires Caarapó Mill From Raízen Group

July 20, 2026

Food & Beverage

Adecoagro S.A. completed the acquisition of the Caarapó Mill in Mato Grosso do Sul, Brazil from Raízen Group, following satisfaction of conditions precedent under a previously announced purchase agreement. Adecoagro paid R$705 million (approximately US$136 million) in cash at closing and plans to integrate the mill into its Sugar, Ethanol & Energy cluster to increase crushing volumes and improve operational performance.

ENEOS to Acquire Chevron’s Downstream Refining, Marketing and Retail Assets in Southeast Asia and Australia

May 14, 2026

Oil & Gas

ENEOS Holdings, via a newly established special purpose vehicle, has entered into share purchase agreements with indirect Chevron subsidiaries to acquire Chevron’s interests in downstream refining, marketing and retail assets across Southeast Asia-Pacific and Australia for $2.17 billion. The portfolio includes Chevron’s stake in Singapore’s Jurong Island refinery (Singapore Refining Co.), along with Caltex-branded retail and lubricants businesses in Vietnam, Malaysia, the Philippines and Indonesia, and Australia downstream marketing interests. The transaction is expected to close in 2027, subject to regulatory approvals and closing conditions.

Ara Energy Acquires Gate City Power, Gate City Renewable Fuels, and Interest in JET Retail Fuel Network (~$875 Million)

March 12, 2026

Energy

Ara Partners’ energy platform, Ara Energy, will acquire Gate City Power, Gate City Renewable Fuels, and an interest in the JET retail fuel network for approximately $875 million. The deal is financed with equity from Ara-managed funds and co-investment vehicles and is expected to close in early 2026, subject to regulatory approvals and customary closing conditions.

EIG and Fluxys to Acquire 80% of GNL Quintero S.A. (Quintero LNG Terminal) in Chile

March 28, 2022

Infrastructure

EIG, an energy and infrastructure institutional investor, and Fluxys, an energy infrastructure operator, announced they will jointly acquire an 80% equity stake in GNL Quintero S.A. from Enagas Chile SpA and affiliates of OMERS Infrastructure. The acquisition is expected to close in the second half of 2022, subject to customary regulatory approvals.

Chevron Acquires Equity Interest in American Natural Gas LLC (Beyond6) from Mercuria

October 1, 2021

Energy

Chevron U.S.A. Inc. closed its previously announced acquisition of an equity interest in American Natural Gas LLC (operator of the Beyond6 CNG fueling network), acquiring a network of about 60 compressed natural gas stations across the United States from Mercuria Energy Trading. The deal expands Chevron's alternative-fuels footprint and supports its strategy to grow lower-carbon and renewable natural gas distribution capabilities.