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...
Oil min tells ONGC to sell oilfields; hive off drilling, other services
The petroleum ministry has told India’s largest oil and gas producer ONGC to sell stake in producing oil fields such as to Ratna R-Series to private firms, get foreign partners in KG basin gas fields, monetise existing...
Eni eyes oil spin-offs to tackle debt in energy transition
Italy’s Eni is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company and industry...
Numaligarh Refinery acquisition a step towards creating a mega company, says OIL CMD
Sushil Chandra Mishra, Chairman and Managing Director (CMD) of Oil India Limited (OIL), said that acquisition of Numaligarh Refinery Limited (NRL) is a step towards creation of mega-company. Mishra, while addressing...
Saudi Aramco says $12.4 billion raised from oil pipeline stake sale
Energy giant Saudi Aramco said it has struck a 12.4-billion-dollar deal to sell a minority stake in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners. The deal comes as...
Santos seeks to sell Dorado, Bedout oil project stakes
Australian gas producer Santos has hired Goldman Sachs to sell a 20%-30% stake in its Dorado oil project and Bedout exploration portfolio offshore western Australia, according to a sales document seen by Reuters and...
Apollo is said to lead buyout group for $10 billion Aramco seal
Apollo Global Management Inc. is leading a group of investors aiming to buy a roughly $10 billion stake in Saudi Aramco’s oil pipelines, people familiar with the matter said. The buyout firm’s consortium will include US...
Canada’s Whitecap Resources to buy Kicking Horse Oil & Gas for C$300 million
Oil and gas company Whitecap Resources Inc said on Monday it will acquire Kicking Horse Oil & Gas Ltd, a privately-held indirect subsidiary of Quantum Energy Partners, for C$300 million ($239.08 million) in a stock...
Carlyle in talks to acquire Occidental’s Ghana oilfields: sources
Boru Energy, backed by private equity giant Carlyle Group, is in discussions with Occidental Petroleum to acquire its oil and gas fields in Ghana for over $500 million, industry and banking sources said. The acquisition...
BPCL acquires Oman Oil’s stake in Bharat Oman Refineries Ltd
Bharat Petroleum Corporation Limited (BPCL), the second largest Indian Oil Marketing Company will acquire 36.6% stake from its partner OQ, the national oil company of Oman, in the Bharat Oman Refinery Ltd (BORL) for ₹24...
Torrent Gas signs pact to take over Sanwariya Gas
Torrent Gas said it has signed an agreement to take over Sanwariya Gas which has a licence to retail CNG to automobiles and piped gas to households for cooking purposes in Mathura. The acquisition cements...
HPCL to buy out Shapoorji Pallonji Group’s share in Gujarat LNG terminal JV
State-owned Hindustan Petroleum Corporation Ltd ( HPCL) will buy out the share of its joint venture partner SP Ports Pvt. Ltd (SPPPL) in the 5 million metric tonnes per annum LNG re-gasification terminal, that is being...
