State-owned Saudi Aramco may be in the fray to buy out Indian government’s stake of Bharat Petroleum Co. ltd, as it gives the oil giant an opportunity to pierce into one of the world’s biggest oil retail markets...
HPCL-Mittal raises $300 million via offshore bond sale
HPCL-Mittal Energy (HMEL), a joint venture between Hindustan Petroleum Corporation and Mittal Energy Investment, Singapore, raised $300 million on Tuesday by selling bonds to offshore investors. The company plans to use...
IOC plans to raise Rs 6000 crore through bond sale this fiscal
Indian Oil Corp, the nation’s largest refiner and fossil fuel retailer, plans to raise up to Rs 6,000 crore via bonds this fiscal year with about half of that planned for this week. The company will launch on...
Total, RIL unlikely to bid for BPCL; BP wants to see whats on offer
French energy giant Total SA as well as oil-to-telecom conglomerate Reliance Industries are unlikely to bid for acquiring India’s second biggest oil refining and marketing company BPCL, while UK’s BP plc...
ONGC free to sell stake in HPCL: Dharmendra Pradhan
Amid reports of ONGC’s inability to derive any benefit out of its HPCL acquisition, Oil Minister Dharmendra Pradhan on Monday said the state-owned firm was free to sell its stake in the oil refining and marketing...
Parsley Energy to buy Jagged Peak in $1.62 billion shale expansion
U.S. shale producer Parsley Energy Inc on Monday agreed to buy smaller peer Jagged Peak Energy Inc in an all-stock deal valued at $1.62 billion, adding acreage in an oil-rich part of the top U.S. shale basin. Shares of...
Whiting Petroleum in deal talks with smaller rival Abraxas Petroleum – sources
Whiting Petroleum Corp, an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum Corp, two people familiar with the matter told Reuters. A deal...
Total buys 37.4% stake in Adani Gas for ₹5,662 crore
Betting on India’s clean energy push, French oil and gas major Total SA has acquired a 37.4% stake in Adani Gas Ltd, promoted by the Adani Group, for Rs5,662 crore, the company said in a statement on Monday. The...
Reliance puts off gas bid to November 6 on bidders request
Reliance Industries has put off bidding for the new gas it plans to produce from eastern offshore KG-D6 block to next month following a request from potential bidders, sources said. Reliance and its partner BP Plc of...
Shell, Mitsubishi, KKR on Eneco auction shortlist: sources
Royal Dutch Shell, Japan’s Mitsubishi Corp and private equity firm KKR have made the final round in an auction for Dutch utility Eneco, three sources close to the matter said. The deadline for final bids is November 4...
Hungary’s MOL in talks for Chevron’s $2 billion stake in giant Azeri oilfield: sources
Hungarian energy firm MOL is in talks to acquire Chevron’s stake in a giant oilfield in Azerbaijan for more than $2 billion, according to three banking and industry sources involved in the process. Both Chevron and its...
Petrobras, Equinor tie up for natural gas projects
Brazil’s state-run oil company Petroleo Brasileiro SA said on Wednesday it has signed a memorandum of understanding with Oslo-based Equinor ASA focused on the joint development of natural gas business projects. The...
