ConocoPhillips (COP.N) on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc (CVE.TO) for C$17.7 billion ($13.3 billion), making it the latest international oil major to...
RIL completes sale of 76% stake in African firm to Total
Reliance IndustriesBSE 0.54 % has completed the sale of its Mauritius-incorporated arm Gulf Africa Petroleum Corporation (GAPCO) which trades and markets fuel in the African markets to French energy major Total...
Cairn India, Vedanta gain as National Company Law Tribunal approves merger
Shares of Cairn India and Vedanta rallied up to 5% on the BSE after the company announced that National Company Law Tribunal has approved the merger. “The National Company Law Tribunal, Mumbai Bench, has today approved...
LIC demands dues from Essar to give clearance to Rosneft-Essar deal
India’s top financial institution LIC wants its pound of flesh before it gives the green signal to the $13-billion Essar-Rosneft deal which would be the largest inflow of foreign direct investment into the country...
ONGC signs pact to buy out GSPC’s KG block stake for $1.2 billion
State-owned Oil and Natural Gas Corporation (ONGC) has signed definitive agreements to buy out debt-ridden GSPC’s entire 80 per cent stake in KG-basin natural gas block for $1.2 billion. “Subsequent to board...
Indian Oil Corp buys its first Hibernia crude from Canada’s Suncor
Indian Oil Corp became India’s first refiner to buy light sweet Hibernia crude from Canada’s largest oil company, doing the deal after the opening of the arbitrage for Canadian oil to flow to Asia. A...
Cabinet okays sale of IOC’s 24% stake in Lubrizol India
The Cabinet today approved sale of state-owned Indian Oil Corp’s (IOC) 24 per cent stake in Lubrizol India Pvt Ltd to Lubrizol Corporation, USA for an undisclosed sum. “The sale will enable IOC to have long...
Praxair merger likely to take several months: Linde CEO
Finalizing a merger with Praxair (PX.N) is likely to take “several months”, the chief executive of Linde (LING.DE) said in a letter to a shareholder association, reiterating he saw no need to ask...
Macquarie to buy Cargill’s global oil business: sources
Australian bank Macquarie Group Ltd is planning on buying Cargill Inc’s [CARG.UL] global oil business, according to people familiar with the matter, marking the second energy business the global commodities trader...
OMV agrees to sell Turkish unit Petrol Ofisi to Vitol for $1.45 billion
Austrian energy group OMV (OMVV.VI) said it agreed to sell its Turkish fuel supply and distribution unit Petrol Ofisi to Vitol Investment Partnership, managed by the Swiss-based commodities firm Vitol VITOLV.UL, for 1...
GAIL signs time-swap deal with Swiss trader Gunvor to sell US LNG
State-run gas company GAILBSE 3.47 % (India) Ltd has signed a time-swap deal with Swiss trader Gunvor to sell some of its U.S. liquefied natural gas (LNG), sources said, as the Indian firm tries to ease the burden of...
BP buys Clean Energy’s U.S. green gas production assets for $155 million
BP (BP.L) agreed on Wednesday to buy Clean Energy Fuels Corp’s (CLNE.O) biomethane production assets for $155 million, expanding its huge gas supply portfolio in the United States and showing its shift to less...
