State-run energy major ONGC plans to tie up with French giant TotalEnergies for exploration and production of oil and gas in the Andaman islands, said Sushma Rawat, director, exploration at ONGC Ltd. In an interview...
ExxonMobil sells Esso Thailand stake for $603 million
ExxonMobil has agreed to sell its two-thirds stake in Esso Thailand to Thai energy firm Bangchak Corporation, the companies said in separate statements, in a deal that values the shares at 20.1 billion baht ($603...
Shell energy transition prompted talks to sell Norway business
Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told...
OVL retakes 20% stake in Sakhalin-1 oil, gas fields
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has re-taken a 20 per cent stake in the Sakhalin-1 oil and gas fields in the far east region of Russia, an official said on Monday...
Oil tanker groups Frontline and Euronav scrap $4.2 billion merger
Oil tanker company Frontline said a $4.2 billion deal to merge with rival Euronav NV was terminated, a combination which would have created the world’s largest publicly listed tanker company. Frontline will not...
Vitol sells stake in Rosneft’s giant oil project
Global commodities trader Vitol has sold its interest in a giant Russian project Vostok Oil, led by the Kremlin-controlled energy major Rosneft, to Dubai-based trader Fossil Trading, Vitol said on Friday. It...
Santos extends exclusivity period for $1.1 bln stake sale in PNG LNG
Australia’s Santos said it had agreed to extend the exclusivity period until April next year for Kumul Petroleum’s deal to buy a 5% stake in PNG liquefied natural gas project from Santos. In September...
Abu Dhabi energy group ADNOC to buy 24.9% stake in Austria’s OMV
Abu Dhabi National Oil Company will acquire 24.9% of Austrian oil and gas group OMV, it said on Wednesday, stepping up its international expansion since Russia’s invasion of Ukraine prompted energy market turmoil...
Mining tycoon Palmer sells Australian nickel refinery for reported $1.3 billion
Australian mining magnate Clive Palmer has sold the troubled Yabulu nickel refinery in Queensland state to Swiss special purpose vehicle Zero Carbon Investek – a deal that has reportedly fetched A$2 billion ($1.3...
Italy’s IP to buy Exxon’s refining, fuel assets in Italy
Italy’s leading private fuel and mobility group IP said on Tuesday it signed a deal to buy fuel and refining assets owned by Exxon Mobil’s subsidiary Esso Italiana. Before the pandemic, Exxon pledged to sell...
Serica Energy to buy Tailwind Energy Investments in $782 million deal
UK oil and gas producer Serica Energy agreed to buy North Sea peer Tailwind Energy Investments for 644 million pounds ($782 million), including debt, it said on Tuesday, bringing on energy trader Mercuria as its biggest...
EU clears Germany’s plan to take over gas giant Uniper
The European Commission has approved the acquisition of Uniper SE by the German government, it said, paving the way for nationalising the gas trading firm which nearly collapsed after Russia stopped supplying gas. The...
