Indian conglomerate Essar Group made a binding offer to Brazil’s Petroleo Brasileiro SA to buy the country’s second largest oil refinery, two people with knowledge of the matter said on Tuesday. Petrobras...
Shale pioneer Chesapeake Energy largest US oil producer to seek bankruptcy
Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest US oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on...
PG&E raises $5.5 billion as it eyes exit from bankruptcy next week
PG&E Corp has raised about $5.5 billion from a share offering and sale of equity units as the biggest U.S. power provider by customers looks to emerge from Chapter 11 bankruptcy next week. The company sold just over...
ADNOC infrastructure deal backed by $8 billion bridge financing – sources
A consortium of international investors obtained an $8 billion bridge loan provided by 17 banks for a gas infrastructure deal Abu Dhabi National Oil Company (ADNOC) announced on Tuesday, sources said. ADNOC said earlier...
Reliance working to complete Saudi Aramco deal: Mukesh Ambani
Having already raised ₹1.15 lakh crore from global tech investors, including Facebook to make the company net debt-free, Reliance Industries chairman Mukesh Ambani said they are now working to complete contours of a $15...
PG&E says bankruptcy court approves its Chapter 11 reorganization plan
PG&E Corp said its Chapter 11 reorganization plan has been confirmed by the United States Bankruptcy Court for the Northern District of California, bringing the power provider one step closer to emerging from...
Philly refinery sale expected to close next week for $27.5 million less
A sale of the Philadelphia Energy Solutions oil refinery site to real estate developer Hilco is expected to close next week for $27.5 million less than planned, the bankrupt refiner said in a court filing. Hilco...
Chevron puts stake in Australia’s North West Shelf LNG on the block
Chevron Corp has put up for sale its minority stake in Australia’s biggest and oldest liquefied natural gas (LNG) project, the North West Shelf, after drawing interest from potential buyers, the company said on Thursday...
Engie Brasil CEO says perspective for buying 10% stake in TAG improved
The Brazilian subsidiary of France’s Engie SA is considering buying from local state-run oil company Petrobras its remaining 10% stake in the natural gas pipeline company TAG, given the positive performance of the...
Chesapeake Energy to file for bankruptcy as soon as this week – sources
Chesapeake Energy Corp is preparing to file for bankruptcy as soon as this week, said three people familiar with the matter, becoming the largest oil and gas producer to unravel after an energy market rout caused by the...
Shell launches sale of stakes in Norwegian fields, pipelines: document
Royal Dutch Shell has launched the sale of its stakes in two oilfields and two pipelines in Norway, according to a sales document seen by Reuters. Shell is selling its 6.45% interest in the Kvitebjorn field and pipeline...
PKN offers to sell Lotos stake in BP JV to allay EU concerns, says source
Poland’s biggest refiner PKN Orlen has offered to sell bid target Lotos’ stake in a joint venture with BP to allay EU antitrust concerns about a takeover of its smaller rival, a person familiar with the matter said. The...
