Shareholder adviser Ivox Glass Lewis has called on Linde (LING.DE) investors to vote against signing off on the actions of its management and supervisory board due to problems in the handling of a planned merger with...
OMCs to invest nearly Rs 30,000 cr in LPG infrastructure in next 3 years
On the back of the Pradhan Mantri Ujjwala Yojana’s (PMUY’s) success, oil marketing companies (OMCs) like Indian Oil Corporation (IOC), Bharat Petroleum Corporation and Hindustan Petroleum Corporation are set...
RIL, BP to acquire Niko’s 10% stake in gas block
Reliance IndustriesBSE -0.94 % and British energy giant BP Plc will acquire their cash-strapped partner Niko Resources’ 10 per cent stake in gas discovery block NEC- 25 in the Bay of Bengal. In mid-2015, Niko had...
BHP Billiton puts U.S. shale gas assets on the block again
BHP Billiton has put its Fayetteville shale gas assets in the United States back on the block, the world’s largest miner said on Wednesday, as it seeks to focus on more lucrative opportunities in oil. BHP first...
Parkland Fuel to buy Chevron Canada’s downstream fuel business
Chevron Corp, the second-largest U.S.-based oil company, sold its Canadian gasoline stations and refinery in British Columbia to Parkland Fuel Corp, a marketer of petroleum products, for C$1.46 billion ($1.09 billion)...
Cairn India, partners set to invest Rs 3,240 crore in Ravva Field
Cairn IndiaBSE -1.08 % Limited along with its partners is set to invest Rs 3,240 crore in the Ravva Fields in the Krishna-Godavari Basin, to undertake 20 Developmental Wells and for setting up related infrastructure, as...
Linde rejects request to vote on Praxair merger at AGM
Germany’s Linde (LING.DE) has for a second time rejected a request for a shareholder vote at its annual general meeting next month on its planned $65 billion merger with U.S. industrial gases rival Praxair (PX.N)...
Linde board equally split on Praxair merger -source
The labor and capital representatives on Linde’s (LING.DE) supervisory board stuck to their opposing positions over a planned merger with Praxair (PX.N) at a meeting on Thursday, a supervisory board source told...
Petronas plans to invest $150 million in India’s lubricant market
Malaysian oil major Petronas plans to invest $150 million, or aboutRs.975 crore, to expand its presence in the country’s lubricant market. Petronas Lubricants International (PLI), manufacturing and marketing arm of the...
Unions threaten to scupper Linde-Praxair merger
Linde (LING.DE) labor representatives will vote against the German industrial gases group’s planned $65 billion merger with U.S. rival Praxair (PX.N), the head of the German works council told Reuters on Thursday...
BPCL, ONGC pip Reliance in overseas fundraising
Thanks to aggressive acquisition of oil assets abroad, government-owned BPCL and ONGC are set to overtake Reliance Industries in overseas fundraising in 2016-17. Reliance was the topper among corporate India in raising...
Praxair-Linde merger opposed by European works council
European worker representatives of German industrial gases group Linde (LING.DE) are opposed to a merger with U.S. rival Praxair (PX.N) and want labor members of the supervisory board to vote against the deal, a letter...
