Brazilian state-run oil firm Petrobras has started the process to sell its minority stakes in five power plants throughout Brazil, it said in a filing on Thursday night. The power plants range from natural gas to...
Petronas eyes stake in Tata Power’s InvIT
Malaysian state oil and gas company Petroliam Nasional Bhd (Petronas) is in active negotiations with the Tata Group to become a key investor in Tata Power’s planned renewable energy infrastructure investment trust...
Total to acquire 51% stake in SSE $3.7 billion UK wind farm project
French oil major Total said on Wednesday it will acquire a 51% stake in SSE’s Seagreen 1 British offshore wind farm project, adding it represented a global investment of around 3.7 billion dollars. Oil companies like...
OMCs invite fresh bids for ethanol procurement
Oil marketing companies have invited fresh bids from sugar companies to fulfill its requirement of 99 crore litres of ethanol for supplies from 1st July to 30th Nov 2020. This will help cash strapped sugar mills to...
China snaps up Russia’s expensive Urals oil in thirst for sour barrels
China’s refiners have purchased a quarter of Russia’s Urals oil exports planned for June in the Baltic despite record high premiums for the grade due to a lack of sour barrels as result of the OPEC+ output cuts, traders...
Sale of shut Philly refinery to real estate developer delayed
The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on...
Morgan Stanley not given advisory role on Aramco pipeline sale: sources
Morgan Stanley has not been given an advisory role on the potential sale of a stake in Saudi Aramco’s pipeline business, a deal worth over $10 billion, two sources told Reuters. The U.S. investment bank, which has...
Govt extends Bharat Petroleum privatisation bid deadline to July 31
The government has for the second time extended the deadline for bidding for privatisation of India’s second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL) by over a month to July 31. While the Cabinet had...
Hedge Fund Angelo Gordon buys Northern Oil & Gas debt
Hedge fund Angelo Gordon & Co on Tuesday bought $33 million worth of Northern Oil & Gas Inc’s debt and said it was planning to push for deals that would increase the shale producer’s cash reserves. Angelo, which...
Russian central bank seeks to reverse Lukoil’s $1.45 billion Otkritie diamond deal
Russia’s central bank said on Monday it was seeking to reverse a $1.45 billion deal between Lukoil and Otkritie Holding as part of efforts to recover some state money spent on a bailout of Otkritie bank. The central...
HitecVision renegotiates purchase of Total’s North Sea assets, seeks more
Private-equity group HitecVision’s NEO business has renegotiated its deal to buy British North Sea oilfields from Total, with Omani partner Petrogas dropping out and the French seller providing financial help, Hitec...
Exxon revives sale of stake in giant Azeri oilfield
Exxon Mobil has relaunched the sale of its stake in Azerbaijan’s largest oilfield, the company said on Tuesday, as banking and industry sources said the move was drawing interest from large Asian oil and gas companies...
