Royal Dutch Shell launched the sale of its stakes in oil and gas fields it does not operate off the coast of Malaysia, according to a document seen by Reuters. The Anglo-Dutch company announced in March that it was...
Buyers circle Seadrill as it plots exit from bankruptcy: sources
Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen...
BPCL disinvestment process slows down due to pandemic, LIC IPO: Report
India’s plan to sell a majority stake in the country’s second-biggest state refiner has slowed down amid the coronavirus pandemic and other government initiatives such as the initial public offering of the nation’s...
Brazil’s Petrobras finalizes Rio Ventura oilfield sale to 3R
Brazil’s Petrobras has finalized the sale of its Polo Rio Ventura onshore oil assets to a subsidiary of 3R Petroleum Oleo e Gas SA, the companies said in separate securities filings on Wednesday. Petroleo Brasileiro SA...
Petrobras’ Albacora seen drawing at least three buyers – sources
Petrobras’ Albacora oilfields in Brazil are likely to attract at least three buyers despite a roughly one-month delay to let interested parties finalize their bids, four sources with knowledge of the matter told Reuters...
Saudi Aramco drops Morgan Stanley on gas pipelines deal -sources
Saudi Aramco has dropped Morgan Stanley as an adviser for the sale of its gas pipelines and picked JPMorgan and Goldman Sachs for the role, three sources familiar with the matter said. JPMorgan had also advised Aramco...
Centre seeks legal opinion to let BPCL sell subsidised LPG after stake sale
A two-decade-old LPG supply order restricting supply of domestically produced LPG to only state-owned oil companies has stymied plans to allow Bharat Petroleum Corporation Ltd (BPCL) to continue selling subsidised...
Japanese oil producer eyes Canada divestment as M&A picks up
Japanese state-backed oil producer Japan Petroleum Exploration Co (Japex) is considering a sale among other options for its Hangingston oil sands project in Canada, a company spokesperson said on Friday. Japex is...
Saudi Aramco to sell more assets in multi-billion dollar push
The world’s largest oil company, Saudi Aramco, is planning to raise tens of billions of dollars by selling more stakes in its businesses. The Saudi Arabian state-controlled firm created a new team to review its assets...
HDFC Ltd sells 2.46% stake in Hindustan Oil Exploration Co
HDFC Ltd on Wednesday said that it has sold 2.46% stake in Hindustan Oil Exploration Company (HOECL) In a regulatory filing, HDFC Ltd stated, “We wish to inform you that out of 1,48,26,303 equity shares of Rs. 10...
Mesquite Energy weighs sale of some Eagle Ford assets – sources
U.S. oil producer Mesquite Energy, which emerged from a contentious bankruptcy last year, is considering a sale of its Catarina Ranch assets in the Eagle Ford region of South Texas, according to three people familiar...
Petrobras raises $2.3 billion in sale of fuel distributor stake
Brazilian state-run oil company Petroleo Brasileiro SA, known as Petrobras, said on Wednesday it raised 11.36 billion reais ($2.3 billion) in the largest share offering of the year in the country. Petrobras divested its...
