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...
Saudi Arabia’s wealth fund holds 0.3% stake in Norway’s Equinor
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), holds a 0.3% stake in oil and gas firm Equinor, the Norwegian firm’s public records showed ahead of Thursday’s annual general meeting of...
Significant advantages exist in Reliance-Aramco deal: Report
Its recent capital raising decisions and weak oil prices may be raising doubts among investors on the conclusion of Reliance Industries’ USD 15 billion deal with Saudi Aramco but there still exist significant...
Venezuela’s opposition-controlled PDVSA board criticizes Nynas deal
An ad-hoc board of directors to Venezuela’s state oil company Petroleos de Venezuela appointed by the opposition said on Wednesday it was not informed of the company’s sale of a 35% stake in Swedish refiner Nynas. Nynas...
California Resources in talks for up to $600 million bankruptcy loan: WSJ
California Resources Corp is in talks with lenders for a financing package of up to $600 million to carry the oil and gas company through a planned bankruptcy proceeding, the Wall Street Journal reported on Wednesday...
Shale pioneer Chesapeake considers bankruptcy filing after oil rout
Chesapeake Energy Corp said on Monday it was unable to access financing and was considering a bankruptcy court restructuring of its over $9 billion debt if oil prices don’t recover from the sharp fall caused by the...
Delek signs deal to sell fuel storage unit for 720 million shekels
Israel’s Delek Group said on Thursday it had signed a binding agreement to sell its fuel storage and distribution company Pi Gelilot to a third party for 720 million shekels ($205 million) as it continues to sell assets...
Warburg Pincus explores sale of overseas energy assets – sources
Warburg Pincus is considering selling five of its eight international oil and gas investments after the coronavirus crisis hit demand, sources familiar with the matter said. The U.S. investment firm, which has more than...
Vedanta’s sale of $1 billion oil unit stake stalls
Vedanta Ltd.’s plans to sell a minority stake in its Indian oil unit have stalled after a collapse in crude prices, according to people familiar with the matter. The Mumbai-listed company, backed by tycoon Anil Agarwal...
PKN offers concessions to address EU concerns over Lotos deal
Poland’s biggest refiner PKN Orlen has offered concessions in a bid to address EU antitrust concerns regarding its planned takeover of smaller rival Lotos, a filing on the European Commission website showed on Tuesday...
