ONGC and Indian Oil will submit a joint financial bid for JBF Petrochemicals, the former said in response to ET’s queries on its interest to acquire the Mangalore-based bankrupt chemicals company under corporate...
RIL may be lone bidder for JBF Petrochem, which defaulted on Rs 5K-cr loan
Reliance Industries (RIL) is likely to be the lone bidder for Mangalore-based JBF Petrochemicals, which is up for sale after defaulting on bank loans worth Rs 5,000 crore. The lenders for the second time extended the...
ONGC ties up with ExxonMobil for deepwater exploration
State-run ONGC has signed a heads of agreement (HoA) with global petroleum giant ExxonMobil for deepwater exploration in the east and west coasts of India. A statement from ONGC said that the collaboration areas focus...
Phillips 66 offers to buy pipeline operator DCP Midstream
U.S. refiner Phillips 66 offered to acquire the public units of DCP Midstream in a deal that would value the pipeline operator at $7.2 billion deal and bulk up Phillip’s natural gas liquids business. A deal would...
Shell completes acquisition of Sprng Energy
Shell plc has completed the acquisition of Solenergi Power Private Ltd. and with it the Sprng Energy group of companies from Actis Solenergi Limited (Actis). On 29 April, Shell Overseas Investment B.V., a wholly owned...
Capricorn should ditch Tullow merger deal, Palliser says
Capricorn Energy should ditch its proposed merger with Tullow Oil, investor Palliser has said in a letter seen by Reuters, describing it as “one-sided” and short of “meaningful strategic...
Kistos walks away from bid to acquire North Sea’s Serica Energy
North Sea investment firm Kistos walked away from its proposed offer to acquire British oil and gas group Serica Energy following weeks of wrangling. In July, Serica rejected Kistos’s cash and shares merger...
Govt to decide on re-initiating BPCL sale after reviewing situation: FinMin
The government will decide on re-initiating the process of BPCL strategic sale based on a review of the situation in due course, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State...
Canadian oil producer Strathcona to buy Serafina for C$2.3 bln -sources
Strathcona Resources has agreed to buy private equity-backed Serafina Energy for C$2.3 billion ($1.8 billion), sources with direct knowledge of the matter said on Wednesday, the largest acquisition yet by the Canadian...
APA Corp buys West Texas oil producing land for $505 mln
U.S. oil producer APA Corp said it bought West Texas properties for $505 million during the second quarter, bolstering its position in the Delaware portion of the Permian shale basin. While APA did not name the seller...
Indian Oil, NTPC form JV for setting up of renewable energy-based power plant for refineries
NTPC and IndianOil signed an agreement for the formation of a joint venture company for meeting the power requirements of upcoming projects of the later’s refineries. IndianOil plans to meet the additional power...
CCI approves British oil major Shell’s acquisition of energy firm Solenergi Power
The Competition Commission of India (CCI) on July 12, 2022 approved British oil and gas major Shell’s proposed acquisition of renewable energy firm Solenergi Power. While the deal was announced in April this year...
