State-run ONGCBSE -1.50 % will pay over USD 1.2 billion for buying debt-laden GSPC’s entire 80 per cent stake in KG-basin natural gas block, which is struggling to start commercial production despite trial outputs...
Odebrecht to sell Peru pipeline to Brookfield: finance minister
Brazilian construction conglomerate Odebrecht SA ODBES.UL is in advanced talks on selling its majority stake in a $5 billion natural gas pipeline project in Peru to Canada’s Brookfield Asset Management Inc (BAMa...
Linde, Praxair agree $65 billion merger outline, ambitious cost savings
German industrial gases group Linde (LING.DE) and U.S. suitor Praxair (PX.N) have agreed on an outline for a $65 billion-plus merger, with the combined company to be run out of the United States by Praxair’s chief...
Dilip Shanghvi’s Sun Oil buys out Niko Resources stake in Hazira field
Billionaire Dilip Shanghvi’s Sun Oil and Natural Gas has bought a 33.3% stake in the Hazira oil and gas field from Canada’s Niko Resources Ltd and is in talks to buy the rest from Gujarat State Petroleum Corp. Ltd...
Linde, Praxair agree on outline for 50-50 merger
Linde AG, the German company that revived merger talks this month with U.S. rival Praxair Inc, has come to an agreement with its counterpart on key aspects of an all-share deal to create a $65 billion industrial gases...
Shell completes sale of stake in Showa Shell to Idemitsu
Shell has completed the sale of its 31.2 percent stake in Showa Shell Sekiyu KK to Idemitsu Kosan Co Ltd for a total amount of Yen 159 billion (approximately $ 1.4 billion). Completion follows anti-trust approval from...
OVL raises $1 billion debt to fund Vankor acquisition
NEW DELHI: ONGCBSE -0.10 % Videsh Ltd (OVL) has raised USD 1 billion through a US dollar bonds issue to finance its acquisition of 15 percent stake in Russia’s second biggest oil field Vankor, its Managing...
Praxair, Linde close to finalizing merger terms: sources
Praxair Inc and Linde AG, the industrial gas companies that agreed earlier this month to revive merger talks, are close to finalizing the terms of the potential deal, people familiar with the matter said on Friday. The...
InterOil says raises cap on additional cash payment in Exxon deal
InterOil Corp (IOC.N) said it has increased the cap on an additional cash payment based on the output from a natural gas field in Papua New Guinea that was part of its sale agreement with ExxonMobil Corp (XOM.N). The...
Qatar to merge LNG producers Qatargas and RasGas
Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum (QP) said on Sunday, in the Gulf state’s latest reaction to lower energy prices. The...
IOC keen to buy 26 pc stake in GSPC’s Mundra LNG terminal
NEW DELHI: State-owned Indian Oil Corp (IOC) is in talks to buy 26 per cent stake in debt-laden Gujarat State Petroleum Corp’s (GPSC) almost-completed Rs 4,500 crore Mundra LNG import terminal in Gujarat. The 5...
Russia sells $11 billion stake in Rosneft to Glencore, Qatar
Russia sold a €10.2-billion ($11 billion) stake in its largest oil producer to commodity trader Glencore Plc and Qatar’s sovereign wealth fund in a triumph for President Vladimir Putin, who announced the deal on state...
