South Korea’s SK Innovation, parent of the country’s largest oil refiner and battery maker SK On, is expected to pursue a merger with energy affiliate SK E&S, resulting in a 106 trillion won ($76.81...
Shell to acquire Singaporean LNG firm Pavilion Energy from Temasek
Shell has agreed to buy Singaporean liquefied natural gas (LNG) company Pavilion Energy from global investment company Temasek in a move the oil major said will strengthen its leadership position in LNG, according to...
New govt not in favour to sell stake in OMCs, says Oil Minister Puri
The Centre is not in favour of divesting the government’s stake in oil marketing companies, said Oil Minister Hardeep Singh Puri on Tuesday. In addition, the Centre will make efforts to bring petrol, diesel and...
Spain’s Criteria drops takeover plan for Naturgy with Abu Dhabi’s TAQA
Spanish holding firm Criteria said on Monday it had not reached an agreement with Abu Dhabi’s TAQA over a potential joint takeover bid for Spanish gas firm Naturgy. El Mundo newspaper had earlier reported, citing...
Hungary to buy 5% stake in Azerbaijan’s Shah Deniz gas field
Hungarian state-owned energy conglomerate MVM will buy a 5% stake in Azerbaijan’s Shah Deniz gas field, it said in a statement on Wednesday. Hungary, a landlocked country, has been importing natural gas mainly...
Parkland to sell Canadian propane business for $84 mln amid investor pressure
Canadian fuel distributor Parkland said on Wednesday it would sell its Canadian commercial propane business to Avenir Energy for about C$115 million ($84.00 million) in cash amid a push by investors for a strategic...
Talks end on Shell MiRO refinery stake sale to Czech firm, sources say
Talks on the sale of Shell Deutschland’s 32.5% stake in Mineraloelraffinerie Oberrhein GmbH (MiRO) in the southern German city of Karlsruhe to Czech state-owned pipeline operator MERO have ended without an...
Double Eagle explores $6.5 billion sale of shale oil producer, sources say
Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people familiar with the...
ConocoPhillips to buy Marathon Oil in $22.5 bln deal in latest energy merger
Top U.S. independent oil and gas producer ConocoPhillips on Wednesday agreed to buy Marathon Oil for $22.5 billion, the latest in a series of mega-deals in the energy industry. The U.S. oil and gas industry has been...
Hess shareholders approve merger with Chevron
Hess Corp approved the company’s $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote. The merger required a majority vote to approve the deal by a majority of...
Big electoral bond buyer Megha Engineering to sell city gas business
Hyderabad-based Megha Engineering and Infrastructures (MEIL), which is the second-biggest buyer of electoral bonds – at ₹966 crore – and is facing corruption allegations, has put its city gas distribution...
Saudi Arabia plans Aramco share sale as soon as June, sources say
Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region’s biggest stock deals, two people familiar with the matter said. The offering...
