Reliance Industries and UK’s BP plc have taken over the 10% shareholding of their partner Niko Resources in the eastern offshore KG-D6 block after the Canadian firm defaulted on paying for its share of gas field...
Greece’s privatization agency mulls stake sale in Hellenic Petroleum
Greece’s privatization agency is considering selling a stake in the country’s biggest oil refiner Hellenic Petroleum, Hellenic said on Friday. The agency has reviewed the possibility of selling a stake in Hellenic...
Saudi Aramco CEO hints at early local listing, silent on stake sale quantum
The chief executive of Saudi Aramco, the state-owned oil firm that is seen as the kingdom’s crown jewel, said Tuesday that the company is ready for a local listing on the kingdom’s stock exchange and that it...
Essar Oil UK aims to lift US oil refining to 40%; eyes asset stake sale
Essar Oil UK aims to lift processing of U.S. oil at its 200,000 barrels per day Stanlow refinery by March to 40% from 35% currently, its Chief Executive Officer S. Thangapandian said on Monday. Speaking on the sidelines...
Repsol in advanced talks to buy Exxon assets in Gulf of Mexico – sources
Spanish oil giant Repsol SA is in advanced talks to acquire some deepwater assets in the U.S. Gulf of Mexico from Exxon Mobil Corp for about $1 billion, three people familiar with the matter said on Monday. The deal...
Italy’s Snam seeks U.S. footprint with bid for Midwest gas pipeline – sources
Italy’s Snam is working on a bid for a stake in a $6 billion natural gas pipeline in the United States in what would be the gas group’s first foray outside Europe, four sources told Reuters. The Milan-based company...
Exxon agrees $4 billion sale of Norway oil and gas assets – sources
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a century ago, three sources familiar with the matter told...
SSE launches sale of North Sea gas fields in single package: sale document
British energy provider SSE has kicked off the process to sell its 140 million cubic feet per day portfolio of North Sea gas fields in a single package, a sale document seen by Reuters showed. SSE said in May it was...
Brazil’s Petrobras extends period for companies to flag interest in buying its refineries
Brazil’s state-owned oil company Petroleo Brasileiro SA PETR4.S said on Friday that it would extend the deadline for parties to state their interest in buying four refineries it has put up for sale, based on high...
Linde takes 10% stake in Swiss hydrogen group
Linde, the world’s biggest industrial gases group, has taken a 10% stake in Hydrospider AG, a Swiss producer and supplier of hydrogen derived from renewable energy sources, Hydrospider said on Thursday. Hydrospider is...
Philadelphia Energy Solutions gauges interest for sale
Troubled refiner Philadelphia Energy Solutions said on Thursday it has started a process to solicit interest from potential suitors for the company or its assets. The move to find a buyer has assumed urgency as the...
Tullow Oil’s sale of stake in Uganda project to Total, CNOOC dropped
Tullow Oil’s plan to sell another stake in its 230,000 barrel per day project in Uganda to France’s Total and China’s CNOOC has been called off due to a tax dispute with the Ugandan authorities, Tullow said on Thursday...
