Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for...
Cabot Oil & Gas, Cimarex to create $17 bln firm in ‘surprise’ merger
Cabot Oil & Gas Corp and Cimarex Energy Co agreed a merger on Monday to form a U.S.-wide oil and gas firm with an enterprise value of some $17 billion, a deal analysts termed surprising in a sector recently focused...
Shell exits Philippine gas field in $460 million deal
Royal Dutch Shell has agreed to sell its stake in an offshore gas field in the Philippines for $460 million as part of its strategy to narrow its oil and gas operations. Shell sold its 45% stake in Service Contract 38...
BP, Eni in talks to merge Angolan oil and gas businesses
BP and Eni said on Wednesday they had entered into talks to merge their oil and gas operations in Angola to form one of Africa’s largest energy companies. The two companies have signed a non-binding memorandum of...
Oman’s oil firm OQ hires advisers for sale of stake in Portugal’s REN
Oman’s OQ has hired legal and financial advisers to prepare for the possible sale of its entire 12% stake in Portuguese power grid operator REN, the state-owned oil firm announced late on Tuesday. OQ, formerly Oman Oil...
Bonanza Creek to combine with Extraction Oil & Gas in $1.1 billion deal
Bonanza Creek Energy and Extraction Oil & Gas said on Monday they will combine in a $1.1 billion all-stock merger of equals to create one of Colorado’s largest oil and gas drillers. Deal-making in the oil and...
Govt gives bidders data access for $7-billion Bharat Petroleum Sale
India has allowed bidders access to the financial data of Bharat Petroleum Corp. as the government moves ahead with plans to sell its entire stake in the country’s second-biggest state refiner, according to people...
Gas producer EQT Corp to buy private driller Alta Resources for $3 bln
EQT Corp, the largest U.S. natural gas producer, said on Thursday it will buy Appalachian basin rival Alta Resources for $2.93 billion in cash and stock, expanding its position in the gas-rich shale plays of the U.S...
Major Chinese investors in talks to take Aramco stake: Sources
Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabia’s state oil firm prepares to sell another slice of its business to international...
Saudis in Talks to Sell Aramco Stake to Global Energy Firm
Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast an economic rebound after the coronavirus pandemic. The...
Air India, BPCL sale may be delayed but will get completed by FY22
The timeline for disinvestment of Air India and Bharat Petroleum Corporation (BPCL) may be pushed by two to three months due to impact of the second Covid-19 wave. However, the government is confident of wrapping up the...
Reliance, Saudi Aramco discuss cash and share stake deal: Report
Billionaire Mukesh Ambani’s Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm. Ambani had in...
