Engie SA has agreed to buy a 40 per cent stake in Dubai’s National Central Cooling Company (Tabreed) and help drive the company’s expansion in emerging markets such as Turkey, India and Egypt. Engie is...
European Commission approves Shell’s $3.8 billion North Sea sale
The European Commission approved on Friday Royal Dutch Shell’s (RDSa.L) $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor. “The Commission concluded that the proposed...
Two factors that made Reliance Industries, BP go in for huge investment in KG Basin
Reliance IndustriesBSE 0.24 % and BP Plc’s $6-billion investment announcement on Thursday was prompted by the rare opportunity to develop their gas fields at rock-bottom costs and sell the output at market rates...
BP, Mukesh Ambani tie up for Rs 40,000 crore oil plan for India
Reliance Industries and BP will invest Rs 40,000 crore ($6 billion) to produce 30-35 million cubic metres a day of gas from new fields in the Krishna-Godavari Basin, RILBSE 0.30 % chairman Mukesh Ambani and BP chief...
Saudi Aramco seeks exclusive talks over India oil refinery stake: Dharmendra Pradhan
Oil giant Saudi Aramco wants to enter into exclusive talks with India to buy a stake in the planned 1.2 million barrels per day (bpd) refinery on the South Asian nation’s west coast, India’s oil minister...
IOC, BPCL, HPCL to sign JV deal for $40 billion refinery in Maharashtra
State-owned refiners Indian Oil Corp. (IOC), Hindustan Petroleum Corp. Ltd (HPCL) and Bharat Petroleum Corp. Ltd (BPCL) will sign a deal on Wednesday to set up a joint venture refinery-cum-petrochemical complex on...
GE wins U.S. antitrust approval for Baker Hughes deal
General Electric Co (GE.N) won U.S. antitrust approval to merge its oil and gas business with Baker Hughes Inc (BHI.N) to form a new publicly traded company, the Justice Department said on Monday. GE and Baker Hughes...
ONGC keen to buy HPCL, deal to cost Rs 42,254 cr
State-owned Oil and Natural Gas Corp (ONGC) is keen to acquire India’s third-biggest fuel retailer HPCL in a Rs 42,254 crore deal after finding Bharat Petroleum Corp Ltd (BPCL) too expensive to buy. Following up...
GDF to sell entire 10% stake in Petronet LNG for up to $512 million
GDF International will sell its entire 10 percent stake in India’s Petronet LNG in block trades on Thursday for up to $512 million, according to a deal term sheet. GDF will sell the shares in a price range of Rs...
ONGC may buy out government’s entire holding in HPCL
The Department of Investment and Public Asset Management (DIPAM) will shortly seek cabinet approval for Oil and Natural GasBSE 0.76 % Corp to buy the government’s entire stake in refiner Hindustan PetroleumBSE -0.51 %...
Petronas’ stake sale of offshore gas asset advances to second round: sources
The sale by Malaysian energy firm Petronas of an estimated $1 billion stake in a local upstream gas project has moved to the second round and is set to attract interest from about half a dozen bidders including Royal...
State Bank of India head says Essar-Rosneft deal to close in June
A $13 billion takeover by Russian oil major Rosneft of India’s Essar Oil should close this month after delays caused by debts to Indian lenders, the head of State Bank of India (SBI) said on Friday, adding she had...
