BP has acquired a majority stake in the largest U.S. carbon offset developer, Finite Carbon, the oil major said on Wednesday, as part of its climate goals and to develop a new revenue stream. BP and other European...
Bharat Petroleum to consider buying Oman Oil stake in Bina refinery
Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) has said its board will on Thursday consider buying out Oman Oil Company in the Bina refinery project in Madhya Pradesh. BPCL board will also consider merging...
Equinor buys 49% stake in Russian oil venture from Rosneft
Equinor has agreed to buy a 49% interest in Russian onshore petroleum assets from Rosneft for $550 million, the Norwegian oil company said on Friday. The payment is for a stake in limited liability company LLC...
Cheniere Energy Partners strikes deal to sell 30 LNG cargoes in 2021
Cheniere Energy Partners announced a deal on Wednesday for its unit to sell up to 30 cargoes of Liquefied Natural Gas to a unit of Cheniere Energy Inc. Sabine Pass Liquefaction, a unit of Cheniere Energy Partners (CEP)...
Post-stake sale, BPCL’s LPG business to be in new SBU; new owner to take call after 3 yrs
Privatisation-bound Bharat Petroleum Corporation Ltd’s (BPCL) new owner will after three years of takeover get a right to decide on retaining the business of selling subsidised LPG, which in the intervening period...
Exxon Mobil in talks to buy stake in Indian oil, gas fields: Dharmendra Pradhan
Energy giant ExxonMobil is in talks to buy stake in some producing oil and gas fields in India, Oil Minister Dharmendra Pradhan has said. For years, ExxonMobil has sat on the sidelines evaluating business opportunities...
Three entities submit EoIs for BPCL stake
Oil minister Dharmendra Pradhan on Wednesday said the government has received three preliminary bids in the privatization process of state-owned Bharat Petroleum Corp. Ltd (BPCL). Speaking at a webinar organized by...
ExxonMobil calls off sale of assets in Australia’s Bass Strait: AFR
ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait, according to the Australian Financial Review. The decision by the U.S. oil major comes just six...
Petrobras says Starboard offers highest bid for Papa-Terra oilfield
Brazilian state-controlled oil company Petrobras said asset manager Starboard Asset Ltda has bid $90 million for its Papa-Terra oilfield in the Campos Basin, a securities filing late on Tuesday showed. Petrobras added...
Italy’s Snam to boost green hydrogen with 33% stake in De Nora
Italian gas group Snam said on Thursday it had agreed to buy a 33% stake in Industrie De Nora from Blackstone in a deal valuing the clean energy company at around 1.2 billion euros ($1.4 billion) including debt. Snam...
Vedanta Group puts in expression of interest to buy government stake in fuel retailer BPCL
Vedanta Resources said it submitted an expression of interest (EoI) for the government’s stake in Bharat Petroleum Corp Ltd, making it one of three likely bidders, according to people with knowledge of the matter...
Australia-China row upset Woodside talks to sell gas project stake to Chinese firms
Woodside Petroleum shelved talks to sell stakes in a gas field and liquefied natural gas (LNG) project to Chinese companies a few months ago because of the diplomatic row between Australia and China, the company’s chief...
