Exxon Mobil plans to sell up to $25 billion of oil and gas fields in Europe, Asia and Africa in its biggest asset sales for decades, seeking to free up cash to focus on a handful of mega-projects, according to three...
ONGC plans to raise $500m via dollar bond sale
Oil & Natural Gas Corp (ONGC), India’s largest fuel explorer, plans to raise at least $500 million in a dollar bond sale as soon as next week to refinance part of its debt through cheaper funds, three people...
Govt to sell BPCL in mega push for privatization
The cabinet committee on economic affairs (CCEA) on Wednesday cleared one of the government’s largest asset-sale exercises involving five companies, including the privatization of Bharat Petroleum Corp. Ltd (BPCL) and...
Saudi Aramco still undecided on BPCL stake purchase
World’s largest oil company Aramco is yet to make up its mind to participate in disinvestment of Indian fuel refiner and retailer Bharat Petroleum Corporation Ltd (BPCL) where government intends to sell its entire...
World’s biggest IPO: Saudi oil giant Aramco eyes $1.71 trillion valuation
Saudi Arabia put a preliminary valuation on its state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion, missing Crown Prince Mohammed bin Salman’s initial $2 trillion target. In an updated prospectus...
Papua New Guinea, Exxon to start talks on revising P’Nyang gas deal
Papua New Guinea is set to start talks with Exxon Mobil Corp to try to negotiate better terms from the P’Nyang Gas Project, Minister for Petroleum Kerenga Kua said on Friday, with an agreement expected by the end of the...
Govt mulling cutting stake in IOC to below 51%
The government may cut its stake to below 51 per cent in the Indian Oil Corporation, ET NOW reported quoting agencies. ET Now in a report said the government is looking to become a minority shareholder in the company...
ONGC seeks buyers for KG Basin gas
Oil and Natural Gas Corp is seeking buyers for the first gas from its KG basin fields, which would begin production next month after years of delay. ONGC is auctioning 0.75 million metric standard cubic meters a day...
Israel’s Delek completes $2 billion purchase of Chevron’s North Sea fields
Israel’s Delek Group said on Sunday its Ithaca subsidiary, which it plans to spin off via a London listing, completed a deal to buy most of Chevron’s British North Sea oil and gas fields for $2 billion. Delek said the...
BPCL privatisation: Pradhan says no role of govt in business; competition to benefit consumers
Days before the Union Cabinet takes up a proposal to privatise state-owned BPCL, Petroleum Minister Dharmendra Pradhan on Thursday said the government has “no business to be in business”, and cited examples...
Equinor sells its assets at U.S. Eagle Ford to Repsol for $325 million
Norway’s Equinor agreed to sell its shale assets at the Eagle Ford shale formation in southwest Texas to Repsol for $325 million (£253.57 million), the Norwegian oil and gas firm said on Thursday. The company holds...
Italgas expects M&A deal by end of year or Q1 next year: CEO
Italy’s biggest gas distributor Italgas expects to clinch an acquisition by the end of this year or in the first quarter of 2020, Chief Executive Paolo Gallo said on Thursday. Gallo did not give any further details of...
