Oil & Natural Gas Corporation (ONGC) said that its wholly owned subsidiary, ONGC Videsh has acquired 0.615% stake in offshore Azeri Chirag Gunashli (ACG) field in Azerbaijan from Equinor. ACG is a super-giant...
Repsol sells Colombian oil and gas assets for $530 million
Spanish oil company Repsol has agreed to sell oil and gas production assets in Colombia to Geopark for $530 million, the two companies said on Friday. The assets include Repsol’s oil extraction operation in...
RIL subsidiary acquires 21% stake in US-based Wavetech Helium for $12 million
Reliance Finance and Investments USA LLC, a step-down wholly owned subsidiary of Reliance Industries has acquired a 21% stake in US-based Wavetech Helium, Inc. for around $12 million (Rs 100 crore), the company said in...
Blackstone to buy pipeline stakes from EQT for $3.5 billion
Natural gas producer EQT said on Monday that alternative asset manager Blackstone would buy minority stakes in some of its pipelines for $3.5 billion in cash through a joint venture. The sale would help EQT, one of the...
NCLAT okays sale of Infrastructure Leasing & Financial Services stake in IL&FS Paradip Refinery Water Ltd
The National Company Law Appellate Tribunal (NCLAT) Friday allowed Infrastructure Leasing & Financial Services (IL&FS) to sell its 100% stake in IL&FS Paradip Refinery Water Ltd (IPRWL) to a successful...
Exxon to sell older Permian assets to Hilcorp in $1 billion deal, sources say
Top U.S. oil producer Exxon Mobil Corp has agreed to sell conventional oil drilling assets in the Permian Basin of Texas and New Mexico to privately-owned Hilcorp Energy for around $1 billion, four sources familiar with...
Russia explores plan to merge Rosneft with Gazprom subsidiary and Lukoil, WSJ reports
Russia is working on a plan to merge state-backed Rosneft Oil with Gazprom Neft and Lukoil, creating the world’s second-biggest crude oil producer, the Wall Street Journal reported on Friday. Talks between...
NTPC, ONGC may join hands to acquire Ayana
NTPC Ltd may join ONGC as an equal partner in the latter’s bid to acquire Ayana Renewable Power, according to the people with knowledge of the matter. Oil and Natural Gas Corporation (ONGC) has emerged as the...
QatarEnergy takes 50% stake in TotalEnergies solar project in Iraq
QatarEnergy, one of the world’s top suppliers of liquefied natural gas, said on Monday it had agreed to take a 50% stake in TotalEnergies’ 1.25-gigawatt solar project in Iraq. The French energy giant will...
Mahanagar Gas shares in focus as board approves merger with Unison Enviro
Shares of Mahanagar Gas are expected to remain in focus on Friday after the company’s board approved a merger scheme with Unison Enviro and announced its quarterly results. “The Board of Directors of Mahanagar Gas...
Blackstone in talks to buy US pipeline stakes from EQT for $3.5 billion, sources say
Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on Friday. If the...
Shell to acquire power plant operator RISEC Holdings
Shell plc said on Wednesday its unit, Shell Energy North America (SENA), has agreed to acquire RISEC Holdings, the owner of a 609-megawatt gas power plant in Rhode Island. The deal secures long-term supply and capacity...
