Shareholders of Polish refiner PKN Orlen on Wednesday approved the takeover of gas company PGNiG, bringing the oil firm closer to becoming what the government says will be a national energy champion able to compete with...
LIC buys over 2% stake in state-owned BPCL
Insurance behemoth Life Insurance Corporation of India (LIC) on Tuesday acquired over 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) since last December. LIC has increased its...
Chevron offering minority stakes in three Alaskan oilfields
Chevron Corp is marketing its interest in more than 2,000 oil and gas wells in Alaska, the company told Reuters on Monday, in a move that could mark the oil major’s second exit from oil production in the state in...
BPCL divestment not on the table as of now, says oil minister Hardeep Singh Puri
The divestment of Bharat Petroleum Corporation Limited is not on the table as of now, said Minister of Petroleum and Natural Gas Hardeep Singh Puri on Thursday. The Centre earlier in August told Parliament that it will...
TotalEnergies sells 18% interest in Iraqi Sarsang oil field
TotalEnergies has completed the sale of its 18% interest in the onshore Sarsang oil field in the Kurdistan region of Iraq for $155 million, the French company said on Thursday. The stake was sold to ShaMaran Petroleum...
Tullow Oil sticks to Capricorn merger plans, $200 mln cashflow guidance
Africa-focused Tullow Oil said it would stick to the current form of its plan all-share merger plan with Capricorn Energy, shrugging off criticism from some Capricorn investors who say the deal undervalues the company...
Capricorn shareholder Schroders against Tullow merger in current form
Capricorn Energy shareholder Schroders would vote against the oil and gas producer’s planned merger with Tullow Oil in its current form, the investment company’s head of UK and European Mid and Small Caps...
Tamarack Valley to buy Deltastream for $1.1 bln in Canada’s fast-growing Clearwater
Canada’s Tamarack Valley Energy Ltd said on Monday it will buy oil producer Deltastream Energy Corp for C$1.425 billion ($1.10 billion) in Alberta’s small but fast-growing Clearwater play. The Clearwater...
Repsol agrees to sell Alberta oil assets to CPPIB backed-Teine Energy -sources
Repsol SA has agreed to sell about 95,000 net acres (38,000 hectares) of oil and gas producing land in Alberta to Canada Pension Plan Investments Board-backed Teine Energy, three sources familiar with the plan told...
U.S. gas producer EQT nears $4 bln deal to buy THQ Appalachia -sources
EQT Corp, the largest dedicated producer of U.S. natural gas, is in advanced talks to acquire peer THQ Appalachia I LLC and associated pipeline infrastructure for around $4 billion, including debt, people familiar with...
Brazil’s PetroRio looks to buy Dommo Energia in $180 mln deal
Brazilian oil company PetroRio SA said it signed a memorandum of understanding to buy Dommo Energia SA, formerly known as OGX Petroleo e Gas SA in a deal valued at 942.9 million reais ($179.9 million). Once the darling...
ONGC-Indian Oil, GAIL and MCPI submit bids for bankrupt JBF Petro
A consortium of Oil and Natural Gas Corporation (ONGC) and Indian Oil Corp, besides GAIL (India) and Kolkata-based MCPI have submitted formal bids to take over Mangalore-based bankrupt company JBFPetrochemicals, two...
