State-owned Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has signed definitive agreements to acquire the entire stake held by Videocon Energy Brazil Ltd (VEBL) in IBV Brazil Petroleo Limitada. This will...
Oil and Gas
ONGC in talks to acquire PDVSA stakes in two Venezuela oilfields
Oil and Natural Gas (ONGC) is in talks with Venezuela’s state-run oil company PDVSA to acquire all or part of its stakes in two oilfields in the South American nation, people familiar with the matter said...
Australia’s Woodside Energy says it is unaware of any proposal involving Exxon Mobil
Australia’s Woodside Energy said on Monday it was not aware of any proposal involving U.S. major Exxon Mobil and was not engaged in discussions regarding a potential transaction, responding to recent media...
Woodside exercises pre-emptive right to buy PetroChina’s stake in Browse JV
Woodside Energy exercised its pre-emptive right to acquire PetroChina’s 10.67% stake in the Browse gas fields off the coast of Western Australia, the firm said on Friday, blocking a deal agreed with Japan’s...
Italy to approve Ludoil’s acquisition of Sicilian oil refiner
Italy’s government will give its green light to a planned acquisition of Sicilian oil refiner ISAB by Ludoil, the country’s energy minister told Reuters on Thursday. “Yes, the last details are...
BP held talks to sell North Sea assets to Ithaca for £2 billion, FT reports
BP held advanced talks to sell its UK North Sea assets to Ithaca Energy in a deal worth nearly £2 billion ($2.69 billion), the Financial Times reported on Tuesday, citing people familiar with the matter. While the...
Hungary’s MOL seeks extension to finalise talks to buy Serbia’s NIS, Serbian energy minister says
Hungary’s largest oil and gas corporation, MOL, has asked the U.S. government for a one-month extension to complete talks to buy a majority stake in Serbia’s NIS, an oil company controlled by Russia...
NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil Ventures
Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities — Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) — while setting aside an earlier NCLT...
Apollo, Blackstone and KKR vie for Shell stake in LNG Canada, sources say
Apollo Global Management, Blackstone and KKR are battling it out to acquire a significant stake in the mammoth LNG Canada project from energy major Shell, three people familiar with the matter said. The trio, among...
BP weighs potential exit from UK North Sea, Bloomberg News reports
BP is weighing a sale of some or all of its UK North Sea operations as part of a broader effort to cut debt and refocus on higher-return oil and gas projects, Bloomberg News reported on Friday, citing people familiar...
Exxon Mobil in talks to sell Hong Kong fuel station network, sources say
U.S. energy major Exxon Mobil is in talks to sell its Hong Kong fuel stations in a deal that could fetch a few hundred million dollars, said three people with knowledge of the matter. The company has hired a financial...
Enagas buys 31.5% stake in French grid operator Terega for 573 million euros
Spanish gas grid operator Enagas said on Tuesday it had reached an agreement with Singapore sovereign wealth fund GIC to buy its 31.5% stake in French gas grid operator Terega for 573 million euros ($674.65 million)...
