Germany’s Linde agreed to revive talks with U.S. rival Praxair to create a $65 billion industrial gases giant which will have its main operations run from Connecticut, two sources familiar with the deal said on...
Vedanta says Cairn merger on track, hopeful to see fresh investment in FY18
Vedanta Resources Plc looks to increase investment in the oil and gas business investing both in existing projects and fresh acreages. The group has bid in the recent oil and gas block auction. Vedanta Resources Plc...
Chesapeake to sell Haynesville asset for $450 million to Indigo Minerals LLC
Chesapeake Energy Corp (CHK.N), the second-largest U.S. producer of natural gas, said on Monday that it would sell a part of its acreage in the Haynesville Shale area for $450 million to a private company, which Reuters...
Linde chairman backs deal with Praxair: Handelsblatt
Linde (LING.DE) supervisory board Chairman Wolfgang Reitzle is still in favor of a tie-up between the German industrial gasses maker and U.S. rival Praxair (PX.N), which has made a renewed merger proposal, German...
Linde considers fresh merger overture from Praxair
German industrial gases group Linde (LING.DE) has received a fresh approach from U.S. rival Praxair (PX.N) for a merger of equals and its executive board is reviewing the proposal, Linde said in a statement on Tuesday...
Maersk, DONG Energy in talks over $10 billion oil merger: sources
Denmark’s A.P. Moller-Maersk (MAERSKb.CO) and DONG Energy (DENERG.CO) are in talks to merge their oil and gas operations in a deal that would create a business worth more than $10 billion including debt, sources...
Does stake sale plan signal end of the road for Niko Resources in India?
On 9 November, Canada-based Niko Resources Ltd, a 10% partner in Reliance Industries Ltd’s (RIL) and BP Plc’s D6 block in the Krishna-Godavari (KG) basin, announced it would sell its stake. Five days prior to that, on 4...
IOC plans $5.5 bn expansion of refinery co-owned by Iran
New Delhi: A unit of Indian Oil Corp. plans to invest $5.5 billion to gradually raise the capacity of its smallest refinery, which is co-owned by Iran, to 300,000 barrels per day (BPD), its chairman said, to help meet...
Sun Oil among firms in talks to acquire GSPC’s Hazira field
Sun Oil and Natural Gas, a unit of Dilip Shanghvi-owned Sun Petrochemicals Pvt. Ltd is among companies looking to acquire the Hazira oil and gas field from its owners Gujarat State Petroleum Corp. Ltd (GSPC) and...
RIL partner Niko Resources keen to sell 10% stake in KG-D6 block
MUMBAI: Canada’s Niko Resources wants to exit its 10% stake in the KG-D6 gas block off the east coast which it was developing in partnership with Reliance Industries at a time when the government has made a claim...
ConocoPhillips aims to sell up to $8 billion in gas assets
ConocoPhillips (COP.N), the largest U.S. independent oil producer, will sell up to $8 billion in natural gas assets and trim its capital budget by 4 percent next year to provide funds to bolster operations, executives...
Sunoco, Exxon combine pipeline assets in new joint venture
Sunoco Logistics Partners (SXL.N) said on Wednesday it is forming a joint venture with Exxon Mobil (XOM.N), giving the midstream company strategic assets near the Dakota Access line while expanding its West Texas...
