MUMBAI: BP is looking to sell 8.5% stake in Indian subsidiary Castrol IndiaBSE 6.76 % through a block deal worth Rs1,750 crore on Tuesday. The share sale is happening at an indicative range of Rs 408 – Rs 422.50...
ONGC inks deal to buy extra 11% stake in Russian Vankor fields
NEW DELHI: State-run explorer Oil and Natural GasBSE 1.61 % Corp (ONGC) has signed definitive agreements with Russian state-run oil major Rosneft OAO to purchase additional 11 per cent stake in JSC Vankorneft...
ONGC considers buying stake in Gujarat State Petroleum Corp, appoint Ryder Scott for assesment
NEW DELHI: ONGCBSE 4.12 % is considering buying a stake in a field operated by Gujarat State Petroleum Corp, but given the large investment involved, the company has appointed Ryder Scott, a consultant, for an...
Srei unit Quippo in talks to buy assets of GOL Offshore
Quippo Oil & Gas Infrastructure Ltd, a unit of Srei Infrastructure Finance Ltd, is in talks to buy the assets of GOL Offshore Ltd, two people familiar with the development said. GOL Offshore is one of the largest...
Showa Denko & JX Nippon buys LyondellBasell’s stake in PP JV
Showa Denko KK (SDK) and JX Nippon Oil & Energy Corporation (JX) will acquire LyondellBasell’s stake in their joint venture SunAllomer Ltd, which manufactures polypropylene (PP) and PP-based advanced materials. “SDK...
Vedanta raises guidance on hopes of merger with Cairn
MUMBAI: Things seem to be falling in place for Vedanta group, India’s largest mining conglomerate. After the bounce back in commodity prices, especially base metals, the Cairn-Vedanta merger too, should happen...
Vedanta, Cairn India say talks with minority shareholders on merger ‘encouraging’
MUMBAI/KOLKATA: Top executives of Vedanta Ltd. and oil and gas company Cairn India, which plan to merge, said their interaction with minority shareholders has been encouraging, almost a month after the natural resources...
Gas suppliers Praxair, Linde hold merger talks
U.S. industrial gas supplier Praxair Inc (PX.N) and German peer Linde AG (LING.DE) are in early-stage talks about a merger to create a market leader with a value of more than $60 billion, Linde said on Tuesday, sending...
SM Energy announces acquisition in Permian Basin
Energy Co * SM Energy announces Permian Basin acquisition * Seller is Rock Oil Holdings LLC * Purchase price is $980 million * Company said that it is increasing its estimate of total capital spend for 2016 by...
Inter Pipeline says $1.35 bln acquisition of Canadian NGL midstream business
Inter Pipeline Ltd * Inter Pipeline announces $1.35 billion acquisition of Canadian NGL midstream business * Transaction is expected to be immediately accretive to funds from operations per share * Expects to reduce its...
Vedanta Resources aims to close merger with Cairn India in early 2017
Vedanta is among the resource firms hit by a collapse in commodity prices and it is also facing legal action and activist protests over its operations in Zambia. Mining and energy group Vedanta Resources expects to...
RBI allows foreign investors to hike stake in HPCL
MUMBAI: Reserve Bank has allowed foreign investors to hike their stake in Hindustan Petroleum Corp to up to 40 percent under portfolio investment scheme (PIS). “Foreign Institutional Investors (FIIs)/Registered...
