Offshore oil driller Valaris PLC is exploring debt restructuring options as it grapples with a rig accident and a broader collapse in energy prices, people familiar with the matter said on Friday. Valaris has tapped...
Sinclair Oil weighs offers for company sale – sources
Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with the matter. A Sinclair...
Sinclair Oil weighs offers for company sale
Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with the matter. A Sinclair...
Govt invites bids for stake sale in BPCL
The government has set $10 billion minimum net worth as one of the eligibility criteria in the expression of interest (EoI) for Bharat Petroleum Corporation Ltd. The EoI issued on Saturday has explicitly excluded public...
Brazil’s Petrobras to begin sales process for NTS pipeline stake: executive
Brazil’s state-run oil firm Petroleo Brasileiro SA will begin the process this month to sell its 10% stake in gas pipeline firm Nova Transportadora do Sudeste SA (NTS), according to Anelise Lara, the oil company’s...
BPCL valuation high, evaluating bid: Anil Agarwal, Vedanta
Mining baron Anil Agarwal, who was among the first to evince interest in bidding for Bharat Petroleum Corp Ltd (BPCL), says valuation of the firm is too high and his company Vedanta will evaluate bidding for it when the...
French energy giant Total acquires 37.4% in Adani Gas for Rs 5,152 crore
French energy giant Total on Friday acquired 37.4 per cent stake in Gautam Adani-led Adani Gas, in a bulk deal worth Rs 5,152 crore. Through the deal, Total Holdings SAS bought a stake from several Adani...
Aramco secures unconditional EU okay for $69 billion SABIC deal
World No. 1 oil producer Saudi Aramco has gained unconditional EU antitrust approval for its $69 billion bid for a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC), according to an EU filing. Aramco...
HPCL buys 17.28% stake in Petronet MHB for Rs 185 crore
Hindustan Petroleum Corp Ltd (HPCL) on Thursday said it has acquired 17.28 per cent stake in Petronet MHB Ltd, a firm that owns a petroleum product pipeline at Mangalore, for Rs 185.38 crore. HPCL and its parent, Oil...
Brazil’s Petrobras starts sale process for stakes in gas unit, oil fields
Brazil’s state-controlled oil company Petrobras said on Thursday it has started the sale process for its 51% stake in the gas unit Gaspetro and for its stakes in the Merluza and Lagosta oil fields in Brazil’s Santos...
Vedanta interested in BPCL, keeping an eye on valuation: Anil Agarwal
The Vedanta group will seriously evaluate acquiring the government’s stake in BPCL and will bid for commercial coal blocks that will be offered as it will itself need up to 100 million tonnes to generate power but its...
Apache Corp, Pharos Energy among bidders for Shell’s Egypt onshore assets: sources
Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and Middle East bidders, two sources familiar with the matter told Reuters. Shell launched a process at the end...
