Premier Oil shareholders on Tuesday voted in favour of a reverse takeover of private equity-backed Chrysaor to create the British North Sea’s biggest oil and gas producer in which Premier shareholders will hold about 5...
BP relaunches sale of North Sea oilfields -sources
BP has relauched the sale of stakes in a number of North Sea oilfields it agreed to sell to Premier Oil before the beleaguered company was taken over last year, industry sources said on Thursday. BP originally agreed to...
South Korea’s SK Group to invest $1.5 billion in fuel cell maker Plug Power
South Korea-based conglomerate SK Group will take a 9.9% stake worth $1.5 billion in hydrogen fuel cell maker Plug Power Inc and form a joint venture to help provide hydrogen fuel cell products to Asian markets, the...
EIG sells stake in Brazil-Bolivia pipeline, eyes Petrobras assets
EIG Global Energy Partners has sold to Fluxys Belgium a portion of South America’s biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG’s CEO said on...
Reliance-BP consortium invites bidders for gas from KG D6 basin
Reliance Industries Ltd and UK’s BP Plc today invited companies to bid for gas produced from the KG D6 basin. They expect to sell the gas from February. “The gas produced for KG D6 will be available for sale...
No going back on privatisation of BPCL, Air India
COVID-19 carnage may have slightly pushed back timelines but there is certainly no going back on privatisation of bluechip public sector undertakings like BPCL and Air India as the government feels it has no business to...
Diamondback Energy spurs new U.S. shale consolidation with two deals
U.S. oil producer Diamondback Energy Inc on Monday agreed to buy two rivals for a combined $3.2 billion including debt, continuing a consolidation spurred by the coronavirus pandemic-induced oil downturn. Facing heavy...
Apollo Global, I Squared Capital rival Vedanta for buying stake in BPCL
Vedanta, Apollo Global, and I Squared Capital have responded to the Centre’s decision to shed its controlling stake in Bharat Petroleum Corporation (BPCL). Vedanta currently holds a controlling stake in Cairn Oil &...
Shell reaps $2.5 billion from sale of minority stake in Queensland Curtis LNG facilities
Shell said on Monday it has agreed to sell a 26.25% stake in its Queensland Curtis LNG (QCLNG) facilities to Global Infrastructure Partners Australia for $2.5 billion, helping the oil major meet its annual target for...
Hilcorp’s Harvest Alaska unit completes BP Alaska acquisition
Privately held Hilcorp Energy Co said on Friday its unit completed a $5.6 billion acquisition of BP Plc’s business in Alaska, taking over the region the British oil major had operated in for 60 years. Hilcorp’s Harvest...
Aramco may have to sell assets, borrow more to maintain Saudi dividend
Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market specialists said...
Premier Oil to be renamed Harbour Energy after Chrysaor merger
Premier Oil will be renamed Harbour Energy Plc after a reverse takeover by private equity-backed Chrysaor due to complete in the first quarter of 2021, Premier said on Wednesday. Struggling to deal with heavy debt after...
