Singapore-headquartered Atlantic, Gulf, and Pacific Company (AG&P), is in talks with Darshan Hiranandani’s H-Energy, to acquire the latter’s LNG terminal in Jaigarh, Maharashtra, two people aware of the...
Offshore driller Seadrill eyes asset acquisitions, M&A, CEO says
Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company’s CEO said on Wednesday. Norwegian-born billionaire John Fredriksen lost the control...
NCLAT suspends insolvency resolution process against Essar Oil and Gas Exploration & Production
The National Company Law Appellate Tribunal (NCLAT) suspends the lower tribunal’s order of admitting Essar Group entity Essar Oil and Gas Exploration & Production Ltd under the Corporate Insolvency Resolution...
NCLAT halts insolvency proceedings against Essar’s oil & gas subsidiary
The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the insolvency proceedings against Essar Oil and Gas Exploration and Production Ltd., a subsidiary of Essar Group. The proceedings had been initiated...
ADNOC to acquire Covestro for about $15.9 bln, FT reports
Abu Dhabi National Oil Company (ADNOC) is expected to make a formal offer to acquire Covestro for about 14.4 billion euros ($15.90 billion) including debt, the Financial Times reported on Wednesday. Having circled the...
NCLT dismisses Bank of Maharashtra’s plea against personal guarantors of Gopal Krishna Oil Tech Industries
The National Company Law Tribunal in Mumbai has dismissed the Bank of Maharashtra’s application to initiate insolvency resolution proceedings against the personal guarantors of Gopal Krishna Oil Tech Industries Pvt. Ltd...
Methanex to acquire OCI’s methanol business in $2.05 bln deal
Canadian methanol producer Methanex said on Sunday it will acquire Dutch green fuel-maker OCI Global’s methanol business in a $2.05 billion deal. The deal includes $1.15 billion in cash, the issuance of 9.9...
NCLT dismisses Bank of Maharashtra’s plea against personal guarantors of Gopal Krishna Oil Tech Industries
The National Company Law Tribunal in Mumbai has dismissed the Bank of Maharashtra’s application to initiate insolvency resolution proceedings against the personal guarantors of Gopal Krishna Oil Tech Industries Pvt. Ltd...
US oil, gas M&A nears 2023 record, focus shifts away from Permian, Rystad says
U.S. oil and gas producers’ appetite for dealmaking is closing in on last year’s record, with rising interest in smaller oilfields offsetting slower activity in the top oil-producing Permian Basin, analysts...
China’s Sinochem plans to exit US shale JV with Exxon, sources say
Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upwards of $2 billion, people familiar with the matter told...
YPF Eyes Sale of Lithium Unit as Focus Narrows on Shale Ramp-Up
Argentine state-run oil company YPF SA is considering a sale of its lithium unit as part of a sweeping divestment strategy to streamline investments into the heralded Vaca Muerta shale patch. Executives are mulling an...
Qatar in talks on possible purchase of Rosneft stake in German refinery, report says
Qatar is in talks with the German government over possibly buying Russian energy group Rosneft’s stake in Germany’s PCK Schwedt refinery, which Berlin placed under trusteeship following Russia’s...
