Malaysia’s Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was considering such a sale to raise funds for his heavily...
Brazil’s Petrobras begins sale process of 10% stake in pipeline co TAG: filing
Brazilian state-controlled oil company Petrobras SA on Wednesday said it has begun the sale process for its 10% stake in the natural gas pipeline company TAG, according to a securities filing. Petrobras sold a 90% stake...
RIL, ADNOC in pact to explore setting up Ethylene Dichloride JV
Reliance Industries and Abu Dhabi National Oil Company (ADNOC) have signed a framework agreement to explore development of an Ethylene Dichloride (EDC) facility in Ruwais, the companies said in a joint statement late...
Oil India keen on taking full control of NRL
State-run Oil India Ltd may pitch for full control of Numaligarh Refinery Ltd (NRL), according to two executives aware of the development. NRL is a subsidiary of state-run Bharat Petroleum Corp. Ltd (BPCL). As part of...
Petrobras seeks swift sale of Braskem, smoother offshore auction process
The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras) said on Friday he wants to sell the company’s stake in petrochemical company Braskem SA within a year. At the London leg of an...
Algeria to block sale of assets to Total-state media
Algeria’s state-owned Sonatrach will block Occidental Petroleum’s deal to sell Anadarko assets in Algeria to Total, Algeria’s energy minister told state news agency APS on Wednesday. Mohamed Arkab said the deal, part of...
Petrobras may sell stakes in Marlim, Papa-Terra oilfields
Brazilian state-run oil firm Petrobras is considering putting additional stakes in significant offshore oilfields up for sale, executives said on Wednesday, as the company continues to aggressively de-leverage. In a...
Government appoints Deloitte as advisor for BPCL stake sale
The Department of Investment and Public Asset Management has appointed Deloitte Touche Tohmatsu Ltd as advisor for the strategic sale of Bharat Petroleum Corporation, a senior banker associated with the process said...
CCI approves 37.4 pc stake-buy, joint control of Adani Gas by Total Group
The Competition Commission on Thursday said it has given approval to the acquisition of 37.4 per cent shareholding and joint control by Total Group in Adani Gas. The proposed combination represents an investment...
Norway’s Solveig buys oilfield operator Capricorn from Cairn
Norwegian pipeline firm Solveig Gas has agreed to buy oil firm Capricorn Norge from Cairn Energy for $100 million, completing its transformation into a North Sea field operator, Solveig’s owner HitecVision said on...
Ecopetrol subsidiary buys Chevron’s 43% stake in two Caribbean gas camps
Colombian oil company Hocol, a subsidiary of state-run Ecopetrol, said on Tuesday it had agreed to buy Chevron’s participation in two gas production fields in the Caribbean. Ecopetrol already owns 57% of the Chuchupa...
Privatisation plan may end complex cross-holding in oil PSUs
The government may end the cross-holding structure existing in the oil sector as it looks to further consolidate operations of public sector enterprises and go ahead with its privatisation plan by getting a fair...
