Abu Dhabi National Oil Co (ADNOC) said on Wednesday it will acquire a stake in VTTI, a Vitol-backed global energy storage company, as part of the state-run UAE energy firm’s transformation drive and its expansion into...
Reliance Industries, BP to set up fuel retail joint venture
Reliance Industries and BP have agreed to set up a 51:49 joint venture to operate their fuel retailing business, targeting expanding number of filling stations to 5,500 in five years and offer home delivery of fuel...
SBI invites bids for Videocon’s overseas oil, gas assets
The State Bank of India has invited bids for overseas oil and gas assets of Videocon Industries Ltd, a newspaper advertisement showed on Monday, as India seeks to recover billions of dollars in loans from the...
Cairn Energy ready to reinvest in India if retro tax issue is resolved: CEO
Britain’s Cairn Energy PLC, which gave India its biggest onshore oil discovery and gas find that opened the KG basin, is keen to reinvest in the country if a retrospective tax issue it is facing is resolved, its...
Malaysia’s Petronas says has no intention of buying stake in India’s Bina oil refinery
Malaysian state energy firm Petroliam Nasional Bhd (Petronas) said on Monday that it was not interested in acquiring a stake in India’s Bina oil refinery. “While India remains a key market for Petronas, we have no...
Papua New Guinea signals backing of Total LNG deal
Papua New Guinea signaled on Sunday it was backing a previously agreed liquefied natural gas (LNG) deal with French oil major Total SA TOTFPA>, although it said that some terms still needed negotiating. The deal, for...
Japan’s Osaka Gas to buy Sabine Oil for $610 million
Osaka Gas Co Ltd said on Monday it will buy U.S. shale gas developer Sabine Oil & Gas Corp for $610 million, as the Japanese company aims to expand its overseas business to seek future growth. The deal marks the...
Petronas, Japan’s JXTG may buy stake in India’s Bina oil refinery – source
Malaysia’s Petroliam Nasional Bhd (Petronas) and a consortium led by Japan’s JXTG Holdings Inc are among the companies interested in buying a stake in India’s Bina oil refinery, a source close to the matter said. The...
Brazil’s Petrobras receives over $100 million via recovered assets, deals
Brazilian state-run Petrobras this week received 425 million reais ($112 million) as a result of leniency deals and recovered assets from parties involved in the country’s sprawling “Car Wash” corruption investigation...
Reliance Industries’ talks on stake sale to Saudi Aramco hit roadblock
Reliance Industries talks to grant a minority stake in its refining assets to Saudi Aramco have hit a roadblock over the valuation and structure of the deal, two people familiar with the matter said. State-owned Aramco...
Petrobras to privatise Brazil’s top gas seller in $2 billion share sale
Brazilian state-run oil company Petroleo Brasileiro SA (PETR4.SA) is set to relinquish control of the country’s biggest fuel distributor in a share offering due to be priced late on Tuesday, pushing ahead with a...
AG&P sells minority stake to Japanese investors for $100 million
Japanese energy utility Osaka Gas Co. and the Japan Bank for International Cooperation (JBIC) have invested $100 million for a minority stake in AG&P, the manila-based firm that has recently obtained 12 city gas...
