RPG Enterprises’ flagship infrastructure company, KEC International, has diversified into engineering and construction for the oil and gas sector with an acquisition and a key appointment of a senior executive...
Shell exits Permian with $9.5 bln Texas shale sale to ConocoPhillips
Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips (COP.N) for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean...
CCI approves 26 per cent stake-buy in ONGC Tripura by GAIL
Fair trade regulator CCI gave its nod for the acquisition of 26 per cent equity stake in ONGC Tripura Power Company by GAIL(India). The stake is being acquired from IL&FS group companies IL&FS Energy Development...
ONGC is said to eye Woodside stake in Senegal oil field
India’s Oil & Natural Gas Corp. is exploring a purchase of a significant minority stake in the $4 billion-plus Sangomar oil project off the coast of Senegal from Woodside Petroleum Ltd., according to people familiar...
Blackstone-backed gas producer GeoSouthern exploring $2 billion sale -sources
GeoSouthern, a U.S. natural gas exploration and production company backed by Blackstone Inc’s credit investment arm, is exploring options that include a sale of its acreage for $2 billion, people familiar with the...
OVL in talks to buy stake in Russia’s Vostok, Arctic LNG-2 project
India’s top energy companies including ONGC Videsh Ltd is discussing buying a stake in Russia’s massive Vostok oil project as well as a planned liquefied gas project Arctic LNG-2, Oil Minister Hardeep Singh...
Fitch says BPCL privatisation may get delayed
Fitch Ratings on Monday said uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays in privatisation of India’s second-largest fuel retailer, Bharat Petroleum...
Chevron looks to sell Texas’ Eagle Ford Basin assets – document
Chevron Corp is looking to sell its oil and gas assets in the Eagle Ford Basin in south Texas, according to sources familiar with the matter and a marketing document seen by Reuters. A spokesperson confirmed that the...
India in talks with Rosneft for stake in Russia’s massive Vostok project
A consortium of Indian state-owned oil firms, including ONGC and Indian Oil, are in preliminary talks with Rosneft for a stake in Russia’s massive Vostok project, according to people familiar with the matter. The...
RIL eyes entering new materials, renewable energy biz through acquisitions
Reliance Industries (RIL) is looking to speed up its entry into the new materials and renewable energy business through fresh acquisitions. RIL Chairman Mukesh Ambani had announced that the company will be going global...
Brazil’s 3R Petroleum in talks to buy Petrobras’ Polo Potiguar for over $1 bln
Brazil’s Petrobras is in talks with 3R Petroleum Oleo e Gas SA to sell a refinery and dozens of oil fields for more than $1 billion, the company said on Friday, a deal that would prove transformational for 3R if...
Global oil majors may be joining race for BPCL: Document
Global oil majors may be teaming up with investment funds that are already in the race to acquire Bharat Petroleum Corporation Ltd (BPCL), a document detailing steps needed to complete India’s biggest privatisation...
