Japan Petroleum Exploration (Japex) is seeking buyers for its stake in an oilfield in the British North Sea, the latest in a string of exits from the ageing basin as companies face growing uncertainty over government...
Oil Brokerage acquires rival Blue Commodities
Global commodities broker Oil Brokerage said on Wednesday it had acquired rival Blue Commodities, as it seeks to increase its presence in physical oil market broking. Oil Brokerage, a subsidiary of OTC Global Holdings...
Oil producer APA Corp to sell Permian assets for $950 mln
U.S. oil and gas producer APA Corp said on Tuesday it would sell non-core Permian-based drilling properties to an undisclosed buyer for about $950 million as it looks to cut down its debt pile. Consolidation in the...
Repsol calls off sale of Norwegian subsidiary, sources say
Spanish oil company Repsol has called off the sale of its Norwegian unit, Repsol Norge AS, according to three sources with knowledge of the negotiations. Repsol enlisted investment bank Rothschild to manage the sale...
Exxon-Hess arbitration panel incomplete, Hess sale to Chevron stalled
A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case was filed, stalling a decision on whether Exxon Mobil has a right...
Malaysian palm firm KLK to buy stake in peer Boustead Plantations for $248 mln
Malaysian palm oil firm Kuala Lumpur Kepong Berhad said it plans to buy a 33% stake in smaller rival Boustead Plantations for 1.15 billion ringgit ($247.84 million), and eventually make a takeover offer along with other...
Castrol India to acquire 7.09 pc stake in TVS Automobile Solutions’ digital arm
Lubes maker Castrol India Limited (CIL) on Friday said it will acquire a 7.09 per cent stake in TVS Automobile Solutions’ digital subsidiary Ki Mobility Solutions with a planned investment of Rs 487.5 crore in an...
Trafigura completes sale of 10% stake in Russia’s Vostok Oil project
Global commodities trader Trafigura said it has sold its 10% stake in Russia’s major Vostok Oil project in Siberia to a Hong Kong-registered trading firm, Nord Axis. The Geneva-based firm said the sale was...
Poland’s PKN Orlen does not plan any more media acquisitions
Poland’s biggest oil refiner, state-run PKN Orlen, said on Monday it does not plan any media acquisitions other than its already announced takeover of Polska Press from Germany’s Verlagsgruppe Passau. Earlier this month...
Japan’s Idemitsu Kosan to end petrochemical JV with BASF, close plant
Japanese oil refiner Idemitsu Kosan said on Wednesday it will end its petrochemical joint venture with German chemical manufacturer BASF due to slumping demand at home and an oversupply caused by plant expansions in...
Shell eyes stake in Nayara’s $9 billion Indian petchem project – source
Oil major Royal Dutch Shell plans to buy a 50% stake in Indian-based Nayara Energy’s up to $9 billion planned petrochemical project, a source familiar with the matter said. Global oil majors are looking at expanding...
Chevron’s interest in giant gas field led to $5 billion bid for Noble Energy
Chevron Corp’s $5 billion offer to acquire Noble Energy emerged after the U.S. oil major first proposed taking a stake of at least 50% in Noble’s Eastern Mediterranean natural-gas fields, a proxy filing on Tuesday...
