PG&E Corp, seeking to fend off a group of bondholders trying to take control of its bankruptcy, said it has lined up $34.4 billion in debt financing commitments for its planned reorganisation. The California utility...
Chevron buys 40% stake in three Mexico deepwater blocks from Shell
U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the...
PSU disinvestment: Legal hurdles cleared for Bharat Petroleum sale
The privatisation of Bharat Petroleum Corporation (BPCL), which could fetch around 55% of the FY20 disinvestment target of Rs 1.05 lakh crore, will be fast-tracked to conclude the transaction by the fourth quarter of...
Norway sovereign wealth fund to divest oil explorers, keep refiners
Norway’s $1.1 trillion sovereign fund will divest from companies that are solely dedicated to oil and gas exploration and production, while maintaining stakes in refiners and other downstream firms, the country’s...
Roan Resources to be bought by Warburg Pincus-backed Citizen Energy
Oil and natural gas producer Roan Resources Inc said on Tuesday Citizen Energy Operating LLC, which is backed by private equity firm Warburg Pincus, would buy the company for $1 billion, including debt. Roan said its...
Chrysaor completes acquisition of Conoco’s UK North Sea assets
North Sea oil producer Chrysaor completed on Monday a $2.675 billion acquisition of ConocoPhillips’ British North Sea oil and gas business, cementing the private equity-backed firm’s position as one the basin’s top...
CCI approves Saudi Aramco’s acquisition of 70% stake in SABIC
The competition watchdog on Friday approved the acquisition of 70% equity stake in Saudi Basic Industries Corporation (SABIC) by Saudi Aramco. SABIC is engaged in the supply of petrochemical and agro-nutrients in India...
Mozambique targets $880 million in tax from Anadarko takeover: report
Mozambique is targeting $880 million in capital gains tax from the takeover of Anadarko Petroleum by Occidental Petroleum, local newspaper O Pais reported on Friday. Anadarko led a liquefied natural gas project in the...
Exxon to sell Norway assets to Eni’s Var Energi for $4.5 billion
Exxon Mobil Corp has agreed to sell its Norwegian oil and gas assets to Var Energi AS for $4.5 billion, ending its production in a country where it started operations more than a century ago. The deal includes ownership...
Kazakh energy minister says Belarus oil deal talks continue
State energy company Belneftekhim said on Thursday that Belarus plans to sign a deal to buy oil from Kazakhstan in October, although Kazakh Energy Minister Kanat Bozumbayev said that key principles had yet to be agreed...
Tamar partners in talks to amend Israel Electric gas deal
A number of partners in the Tamar natural gas field off Israel’s coast have offered utility Israel Electric (IEC) a discount on a new gas supply deal. The offer came from three of the six members of the group — Tamar...
Mitsui looks to sell 35% stake in Australian BassGas project
Japan’s Mitsui & Co has put its 35% stake in the BassGas project off southeastern Australia up for sale, with Rothschild advising on the proposed disposal, the company said on Thursday. Mitsui Australia’s spokesman...
