Poland’s biggest oil refiner PKN Orlen and number two player Grupa Lotos said their management boards had approved plans for a merger first announced in 2018 but delayed by antitrust issues. Both refiners are...
Tullow Oil merges with Capricorn in $827 mln all-share deal
Tullow Oil and Capricorn Energy agreed to merge in an all-stock deal worth 656.9 million pounds ($826.7 million) that will deliver dividends after a payout drought and improve cash flow to allow investment in higher...
RIL, HPCL-Mittal Energy, Jindal group among JBF Petro suitors
Reliance Industries, an HPCL-Lakshmi Mittal joint venture and two Jindal group companies are among seven entities that have shown interest in buying bankrupt JBF Petrochemicals, a purified terephthalic acid (PTA)...
Gail open to buying Russian oil and gas assets: Chairman
Government-owned Gail is open to buying Russian oil and gas assets rejected by the major Western economies after the Kremlin’s invasion of Ukraine. Gail has recorded strong earnings for the quarter ending March...
Govt calls off present EOI process for BPCL divestment
Following the multiple waves of COVID-19 and the current geopolitical strife between Russia and Ukraine, the government has called off the present expression of interest (EoI) process for strategic disinvestment of...
ONGC looks to sell stake to global companies
Oil and Natural Gas Corp (ONGC) is seeking equity partnership with global players that can bring technical expertise as well as financial muscle to help develop two difficult fields off the eastern coast. ONGC has...
Shell in talks with Indian consortium to sell Russian LNG plant stake: Report
Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia which the British company abandoned following Moscow’s invasion of Ukraine, three...
Saudi Aramco shows interest in buying Valvoline’s commercial unit – sources
Oil giant Saudi Aramco has approached motor oil and lubricant maker Valvoline Inc to buy its segment that caters to commercial customers, sources familiar with the matter told Reuters on Wednesday. Valvoline, which is...
Tenaz Energy in all-share deal for oil producer SDX
London-listed oil producer SDX has agreed to an all-share takeover by Canada’s Tenaz Energy, the companies said on Wednesday. Egypt-focused SDX’s shareholders would receive 0.075 Tenaz shares for each SDX...
Private equity-backed gas producer Terra explores $2.5 bln sale -sources
Private equity firms Kayne Anderson Capital Advisors and Warburg Pincus are exploring a sale of Terra Energy Partners LLC, seeking as much as $2.5 billion, including debt, for the natural gas producer, people familiar...
Blackstone unit acquires 49% stake in U.S. LNG facility
Blackstone Inc’s credit investment unit said on Friday it has bought a 49% stake in a liquefied natural gas (LNG) facility in Georgia from private equity firm EIG Global Energy Partners. The deal, whose terms were...
Exxon to sell north Texas gas assets to BKV for $750 million
Exxon Mobil Corp on Thursday said it signed a deal to sell North Texas natural gas properties to producer BKV Corp for $750 million, as part of a wider move to shed unwanted assets. Exxon, the top U.S. oil producer, set...
