Reliance Industries has for the second time in a month put off bidding to sell natural gas it plans to produce from newer fields in the flagging eastern offshore KG-D6 block, sources said. The sources said potential...
Total seeks to sell stake in major Nigerian offshore block
Total is seeking to sell its 12.5% stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion...
Shell to buy French floating wind farm specialist
Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s electricity business. EOLFI has largely focused on solar and wind projects, including offshore wind farms...
Hungary’s MOL buys Chevron stake in Azeri oilfield for $1.57 billion
Hungarian energy firm MOL is buying Chevron’s stake in a giant oilfield in Azerbaijan for $1.57 billion, as U.S. majors retreat from the central Asian state after 25 years to refocus on production at home. MOL said on...
Israel-Egypt gas pipeline deal seen imminent
A deal that would transfer control of a natural gas pipeline between Israel and Egypt is expected to be closed in the next few days, the companies said on Sunday. Texas-based Noble Energy, Israel’s Delek Drilling and...
Saudi Aramco kick-starts what could be world’s biggest IPO, offers scant details
Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world’s biggest listing as the...
Encana’s ‘Symbolic’ Move May Hurt Stake Sale in Iconic Bow Tower
The odds of H&R Real Estate Investment Trust selling a stake in its wholly-owned iconic Calgary tower has dropped after Encana Corp. announced plans to move its headquarters to the U.S, according to BMO Capital...
Saudi Crown Prince approves kick-off of Aramco IPO on Sunday: sources
Saudi Arabia’s Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters. The world’s...
Greece to split gas company DEPA, sell 65% stake: deputy energy minister
Greece plans to spin off the distribution grid and commercial operations of majority-state owned natural gas company DEPA and to sell its 65% stake in the two new firms, its deputy energy minister said on Thursday. The...
Shell, consortium exit two Kazakh offshore projects
Royal Dutch Shell has pulled out of the Khazar offshore project next to the giant Kashagan field in Kazakhstan and a multinational consortium including Shell is also dropping plans for the adjoining Kalamkas block...
Strategic disinvestment of both HPCL, BPCL this year?
Not one but two oil companies – BPCL and HPCL may go under the hammer this fiscal with state-owned oil and gas explorer ONGC now looking to sell its stake in recently-acquired refiner HPCL to a strategic investor...
Adani partners UAE’s Adnoc, Germany’s BASF for $4 billion chemical venture
Billionaire Gautam Adani-run Adani Group has forged a partnership with UAE’s oil firm Adnoc, German chemical giant BASFNSE 2.94 % and Austria’s Borealis to study the feasibility of setting up a USD 4 billion...
