Oil and Natural Gas Corp (ONGC) has extended until January 3 a deadline to accept bids from private players interested in operating its 64 small producing fields. The original deadline was December 20 for bids that were...
Brazil’s Petrobras Distribuidora agrees to sell 49% stake in CDGN Logística for $6.25 million
Brazilian fuel distributor Petrobras Distribuidora SA said it has agreed to sell its 49% stake in CDGN Logística SA to a fund managed by Pacífico Administração de Recursos Ltda for around 25.37 million reais ($6.25...
Russian pension funds among buyers of Gazprom’s shares: Ifx
A consortium of investors, including Russian pension funds, bought a 6.6% stake in state-owned gas giant Gazprom earlier this year, Interfax news agency cited Andrei Akimov, the head of Gazprombank, as saying on...
Apache and Total team up for oil exploration off Suriname
Apache Corp and French rival Total have formed a joint venture to develop a project off Suriname, the companies said, in a deal that gives the U.S. oil and gas producer a cash injection. Apache’s Suriname offshore...
Govt trying to restrain RIL from selling assets to Saudi Aramco: Report
The Indian government is trying to stop Reliance Industries Ltd. from paring its assets including a plan to sell a 20% stake to Saudi Aramco, the Times of India reported. The demand was made in an ongoing court case...
Apache, Total form venture to explore offshore Suriname Block 58
U.S. oil and gas producer Apache Corp said on Sunday it entered into a joint venture agreement with France’s Total S.A. to explore and develop an offshore block off Suriname. The deal gives Apache a cash injection for...
Israel’s Navitas buys stakes in four Texas oil fields from Denbury
Israel’s Navitas Petroleum said on Sunday it had purchased 50% of the rights in four producing oil fields in Texas from oil and gas company Denbury Resources for $45 million. Navitas’ share in current production under...
Reliance, Shell India to transfer stake in Panna-Mukta oil fields to ONGC
Reliance Industries Ltd (RIL) and Shell India-owned BG Exploration and Production India Ltd (BGEPIL) will transfer their entire stake in Panna-Mukta oil and gas fields to state-owned Oil and Natural Gas Corp Ltd (ONGC)...
Callon shareholders approve $740 million deal for shale rival Carrizo
U.S. shale producer Callon Petroleum Co on Friday won shareholder approval to acquire rival Carrizo Oil & Gas Inc with a reduced stock offer, a month after it won the support of a major dissenting stockholder. The...
Singapore’s Puma Energy to sell Australia fuels business for $288 million
Singapore’s Puma Energy, the retail and midstream arm of global commodities trader Trafigura, said on Thursday it would sell its Australian commercial and retail fuels business to Chevron Australia for A$425 million...
France’s Total buys stakes in two Angola offshore oil blocks
Total said on Monday it had acquired interests in two new offshore licenses in Angola with a view to developing a new production hub alongside the French oil major’s partners. Wells drilled so far in the two blocks have...
WPX in talks to buy Felix’s oil and gas assets for $2.5 billion: Bloomberg
WPX Energy Inc is in talks to buy the oil and gas assets of closely held Felix Energy for about $2.5 billion, Bloomberg reported on Friday citing people familiar with the matter. A deal with Denver-based Felix could be...
