Despite the Covid-19 lockdown, the central government is keeping the ball rolling for divestment of its stake in Bharat Petroleum Corporation (BPCL). The Assam government has given a no-objection certificate (NOC) for...
Israel’s Delek Group sells stake in Cohen Development for $58 million
Israel’s Delek Grou has sold its 51.76% stake in Cohen Development Gas & Oil Ltd for 207 million shekels ($58 million) in cash, the energy conglomerate said on Monday. In addition to the cash, Delek will be entitled...
Couche-Tard shelves $5.6 billion Caltex Australia buyout as deal becomes latest virus victim
Alimentation Couche-Tard Inc’s buyout of petrol station operator Caltex Australia Ltd has become the latest victim of the coronavirus outbreak, as fuel demand plunges and as companies look inward to get through the...
California developer says virus an act of God, sues Exxon over stalled deal
A California retail developer claims the state’s coronavirus lockdown was an act of God that prevented it from completing a $4.2 million property acquisition, asking a court to prevent owner Exxon Mobil Corp from...
U.S. bankruptcy court approves $220 million sale of shale firm Alta Mesa
A U.S. bankruptcy court on Wednesday approved a $220 million sale of failed Oklahoma shale firm Alta Mesa Resources after a lengthy delay and renegotiation prompted by the oil-price crash. Creditors agreed to sell the...
France’s Total sells assets in Brunei, Sierra Leone, Liberia
Total said on Tuesday it had sold assets in Brunei, Sierra Leone and Liberia, which the French energy group said represented a total value of more than $400 million. In Brunei, Total said it had closed the sale of its...
Govt extends BPCL bid deadline to June 13
The government on Tuesday extended the deadline for bidding to buy its entire 52.98 per cent stake in the country’s second-biggest oil refiner, Bharat Petroleum Corp Ltd (BPCL), by over a month to June 13. The...
UAE’s Dana Gas explores spin-off and listing of upstream business
United Arab Emirates’ Dana Gas is considering spinning off its upstream business and listing the unit on the Abu Dhabi Securities Exchange, the Sharjah-based energy company said on Tuesday. Dana Gas, which operates...
Saudi Aramco plans to sell pipeline stake amid a slump in crude prices
Saudi Aramco, the world’s largest oil producer, is weighing the sale of a stake in its pipeline unit to raise money amid a slump in crude prices, according to people familiar with the matter. Aramco may need to raise...
Reliance to sell some April-loading crude cargoes in a rare move: Report
In a rare move, Reliance Industries is seeking to sell some its April-loading crude oil cargoes from Middle East as it plans to cut crude processing after the coronavirus pandemic hit global fuel demand, sources told...
Rosneft sells Venezuelan assets to Russia after U.S. sanctions ramp up
Russia’s largest oil producer, Rosneft, said on Saturday it had terminated operations in Venezuela and sold the assets linked to its operations in the South American nation to an unnamed company owned by the Russian...
BlackRock no longer in the race for ADNOC’s gas pipeline assets – sources
BlackRock Inc has dropped out of the race to become an investor in Abu Dhabi National Oil Co’s (ADNOC) natural gas pipeline assets, two sources familiar with the matter said. That leaves Italian infrastructure firm Snam...
