Australian coal-seam gas producer Senex Energy Ltd agreed on Monday to be acquired by POSCO International Corp in an A$852.1 million ($610.02 million) deal, as the South Korean firm accelerates its expansion into global...
ConocoPhillips offloads Indonesia assets in Asia-Pacific revamp
U.S. oil and gas producer ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape. The...
Abu Dhabi chemical company, India’s Reliance form $2 bln production JV
Abu Dhabi state-owned Chemicals Derivatives Company (TA’ZIZ) and Indian conglomerate Reliance Industries have agreed to start a more than $2 billion chemical production partnership in Ruwais, Abu Dhabi...
BP buys EV charging provider AMPLY in green energy push
Oil and gas major BP Plc said on Tuesday it had bought U.S. electric vehicle charging provider AMPLY Power for an undisclosed sum, stepping up efforts to cut emissions and focus on cleaner energy. BP said it aims to...
Woodside confident shareholders will support merger with BHP’s petroleum arm
Woodside Petroleum is confident that its shareholders will vote in favour of the planned merger with BHP Group’s petroleum arm in 2022, its chief executive said on Wednesday. “We have full confidence that...
PNG-focussed Oil Search gets shareholder nod for $6.2 bln buyout by Santos
Papua New Guinea-focussed Oil Search Ltd said on Tuesday its A$8.8 billion ($6.21 billion) buyout by Santos Ltd received overwhelming support from its shareholders, getting over 95% votes in favour of the deal. Shares...
Lundin Energy considers sale or merger, Bloomberg reports
Swedish oil and gas company Lundin Energy is considering a potential sale, Bloomberg News reported on Monday, citing unnamed sources. Lundin, which has a market value of about $10 billion, is studying strategic...
Equinor exits Ireland with sale of gas field stake
Norway’s Equinor has agreed to sell its stake in the Corrib gas field to partner Vermilion Energy, the Norwegian oil firm said on Monday, putting an end to its activities in Ireland. Equinor and Vermilion have...
BPCL deal unlikely before March-end, govt could miss disinvestment target: Finance secretary TV Somanathan
With the privatisation of BPCL delayed, the government could miss the ambitious Rs 1.75-lakh-crore disinvestment target for the current fiscal, finance secretary TV Somanathan said on Thursday. “There is a good chance...
Snam buys stake in Algerian gas pipelines to pave way for hydrogen highway
Italy’s Snam has agreed to buy a stake in pipelines carrying Algerian gas into Italy in a move that could pave the way for hydrogen imports from Africa into Europe. Europe’s biggest gas infrastructure group...
Reliance may slice up oil-to-chemical biz to unlock value
Reliance Industries Ltd (RIL) may hive off parts of its oils-to-chemicals division to make it easier to induct investors and unlock value after it scrapped a plan to sell a $15 billion stake in the business to Saudi...
Reliance, Aramco call off $15 billion deal amid valuation differences: Sources
Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the Indian conglomerate due to valuation concerns, sources with knowledge of the...
