World No. 1 oil producer Saudi Aramco is set to gain unconditional EU antitrust approval for its $69 billion buy of a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC), people familiar with the...
Regulator approves Total’s stake buy in Adani gas
The downstream regulator has approved French energy giant Total’s deal to buy stake in Adani Gas, lifting its shares 13% as investors cheered the end of uncertainty over the company’s city gas licences since November...
Reliance, Aramco accelerate refinery stake sale talks
Reliance Industries Ltd.’s talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent weeks, according to people familiar with the matter. Aramco officials and...
Citigroup mandated for Turkish gas distributor Enerya sale – sources
STFA Investment Holding and Swiss Partners Group Holding have mandated Citigroup for a potential sale of Enerya, a leading natural gas distributor in Turkey, three sources familiar with the matter told Reuters. The...
IMG clears BPCL sale bid documents, to be issued after ministerial group nod
An inter-ministerial group has approved sale bid documents for privatisation of India’s second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL), and a notice seeking bids will be issued after a small group of...
Woodside holds on to stake in Senegal oil field as FAR challenge fails
ConocoPhillips’ sale of a stake in a $4.2 billion Senegal oil and gas project to Woodside Petroleum has been cleared by an international tribunal, resolving a long-running challenge by Australian partner FAR Ltd...
Woodside holds on to stake in Senegal oil field as FAR challenge fails
ConocoPhillips’ (COP.N) sale of a stake in a $4.2 billion Senegal oil and gas project to Woodside Petroleum (WPL.AX) has been cleared by an international tribunal, resolving a long-running challenge by Australian...
Caltex Australia gets bumped up bid from Couche-Tard as EG circles
Caltex Australia Ltd said Canada’s Alimentation Couche-Tard Inc has raised its buyout offer to A$8.80 billion ($5.93 billion), in a final attempt to sway the oil refiner and convenience store firm after interest from...
Sale of Philadelphia refinery nears; foes vow long legal fight
Opponents of Philadelphia Energy Solutions’ bankruptcy plan have vowed a long legal fight if a federal court this week approves a sale that would keep the largest East Coast oil refinery permanently shut while paying...
Brookfield a potential suitor for Trans Mountain, analyst says
Brookfield Infrastructure Partners LP could be a potential buyer of the Canadian government-owned Trans Mountain oil pipeline, a Stifel FirstEnergy analyst said, as the project expansion struggles with increasing costs...
BP eyes sale of Algerian gas plant after Rosneft talks fail – sources
BP is seeking buyers for its stake in a major Algerian gas plant deep in the Sahara desert after recent talks on a sale to Russian oil giant Rosneft failed, three industry sources told Reuters. BP hopes to raise around...
Russia’s Rosneft keen to bid for BPCL
Russia’s largest oil producer Rosneft is keen to bid for acquisition of Bharat Petroleum Corp Ltd (BPCL), sources said after the Russian firm’s CEO Igor Sechin met Oil Minister Dharmendra Pradhan on...
