Phillips 66 intends to takeover pipeline operator DCP Midstream
A potential acquisition deal would value DCP Midstream at $7.2bn.

A potential acquisition deal would value DCP Midstream at $7.2bn.
The Texas-based firm, which has a market cap of nearly $4bn, exited bankruptcy in September 2020.
The two firms will undertake oil and gas exploration work on the Krishna Godavari and Cauvery basins.
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The deal comes amid Gazprom warning that gas prices in Europe could surge by 60% this winter.
In Asia, eight countries had active refineries with a total FCCU capacity of 3,551mbd in 2021.
ByThe Pikka Phase 1 project is expected have a production capacity of 80,000 barrels of gross oil per day.
The firm is looking for bidders for a minority stake in the BM-POT-17 exploratory concessions and block POT-M-762.
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