Oil major BP and Norway’s Aker said on Thursday they have jointly sold a 5% stake in Norwegian oil firm Aker BP, cutting their combined holding in the company to 65%. The 18.01 million shares were sold at 310 crowns...
RIL to exit North America shale gas business by divesting Eagleford upstream asset stake
Reliance Industries has signed an agreement to sell off the last of its shale gas businesses, upstream assets in the Eagleford in Texas, USA, marking the company’s exit from the shale gas play in North America...
GAIL gets NCLT nod to buy IL&FS group’s 26% stake in ONGC Tripura Power Co
State-owned GAIL today said the companies tribunal has granted approval for acquisition of 26% equity stake of Infrastructure Leasing & Financial Services (L&FS) group companies in ONGC Tripura Power Company Ltd...
Centre asks ONGC to give 60% stake in Mumbai High, Bassein fields to foreign cos
The petroleum ministry has told ONGC to give away 60% stake plus operating control in India’s largest oil and gas producing fields of Mumbai High and Bassein to foreign companies, according to an October 28 letter...
EIG shortlisted as possible buyer for Aramco gas pipelines – sources
U.S.-based energy investor EIG has been shortlisted as a potential buyer of Saudi Aramco’s gas pipelines, part of a sale that could exceed $17 billion and is likely to be completed later this year, three sources...
GIP says will not bid for Saudi Aramco’s gas pipelines
Private equity firm Global Infrastructure Partners (GIP) will not bid for Saudi Aramco’s gas pipeline assets but is looking at other assets in the region, GIP founding partner Matthew Harris said on Wednesday...
BPCL disinvestment: Top India asset sale delayed as suitors strive for partners
India’s plan to privatise Bharat Petroleum Corp. has run into rough weather with bidders struggling to find partners and spread their financial risks, according to people familiar with the matter. The three suitors...
Cheniere to sell LNG to Glencore, keeping expansion plan on track
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Monday that its marketing arm will sell LNG to a unit of Glencore PLC, moving Cheniere’s proposed Stage 3 expansion of its Texas export plant...
Brazil studying privatizing Petrobras via share sale, senator says
The Brazilian government is studying the possibility of privatizing state-run oil company Petrobras via a share sale, Fernando Bezerra, the head of the government in the Senate, told Reuters on Monday. He said it was...
QatarEnergy signs deal with ExxonMobil Canada on farm-in exploration license
QatarEnergy has signed a deal for a 40% stake in one of ExxonMobil’s major offshore explorations in Canada, the Qatar state-owned oil and gas firm said on Sunday. The deal marks QatarEnergy’s first foray into offshore...
Exxon looks to buy stake in ONGC’s Indian deep sea fields
Global oil major ExxonMobil Corp is looking at buying a stake in some of the local deep water fields of Indian explorer Oil and Natural Gas Corp, oil secretary Tarun Kapoor said on Friday. India, the world’s third...
Bharat Petroleum to merge Bina oil refinery with itself
Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Friday said its board has approved the merger of the unit that operates the Bina oil refinery in Madhya Pradesh with itself. “The Board of Directors...
