Poland’s biggest oil refiner PKN Orlen this year will seek European Commission approval for its planned takeover of gas company PGNiG, CEO Daniel Obajtek said. Since Obajtek was appointed in 2018 state-run PKN Orlen has...
BP poised to sell ‘stranded assets’ even if oil prices rally: Report
BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the Covid-19 crash because it wants to invest more in renewable energy, three sources familiar with BP’s...
Adani-Total JV to seek fuel retailing licence
The Adani Gas and French energy major Total SA will soon seek government nod to open retail fuel stations in India, said the former’s chief executive officer, Suresh Manglani, on Wednesday. “Definitely we...
Japan’s Seven & i seals $21 billion deal for Marathon Petroleum’s Speedway gas stations
The Japanese owner of 7-Eleven convenience stores has agreed to buy Marathon Petroleum Corp’s Speedway gas stations for $21 billion, brushing aside coronavirus concerns to return to the table five months after initially...
Occidental in talks to sell $4.5 billion energy asset to Indonesia’s Pertamina: Bloomberg
Oil and gas producer Occidental Petroleum Corp is in talks to sell $4.5 billion worth of energy assets in Africa and the middle east to Indonesia’s PT Pertamina in a bid to ease its debt load, Bloomberg News reported on...
Tokyo Gas to spend $657 million in U.S. shale, solar assets
Tokyo Gas Co Ltd will spend 69 billion yen ($657 million) to take control of a U.S. shale gas operator, Castleton Resources, and to buy a U.S. solar power development project in a bid to expand its overseas operations...
Indian Oil and Total set up a joint venture to manufacture and market bitumen derivatives
Indian Oil Corp and French energy giant Total have set up an equal joint venture to manufacture and market bitumen derivatives and specialty products for the Indian road-building industry. “The operations of the joint...
Petrobras, Karoon agree on changes to terms of $665 million sale of Baúna field stake
Brazilian oil company Petróleo Brasileiro SA announced adjustments to a $665 million contract governing the sale of its entire stake in the Baúna oil field to Australia’s Karoon Energy, according to a securities filing...
U.S. oil major ConocoPhillips buys Canadian land from Kelt in $375 million deal
U.S. oil major ConocoPhillips said on Wednesday that it agreed to buy land from Kelt Exploration Ltd in Canada’s Montney shale oil play, in a $375 million deal. The 140,000 acres in British Columbia are directly...
Seven & i, Couche-Tard, TDR to make offers for Speedway this week: sources
Canadian convenience store operator Alimentation Couche-Tard Inc, Japanese peer Seven & i Holdings Co and private equity firm TDR Capital are preparing to submit rival bids this week for Marathon Petroleum Corp’s...
Tellurian stock soars after India’s Petronet renews investment deal
Shares of U.S. liquefied natural gas (LNG) developer Tellurian Inc soared after Indian sources familiar with the matter said India’s top gas importer, Petronet LNG, renewed a deal to give the parties more time to...
Chevron to buy Noble for $5 billion in stock, biggest oil deal since price crash
Chevron Corp said on Monday it would buy oil and gas producer Noble Energy Inc for about $5 billion in stock, the first big energy deal since the coronavirus crisis crushed global fuel demand and sent crude prices to...
