Blackstone Group Inc is considering selling its stake in LNG producer Cheniere Energy Inc’s limited partnership seven years after investing about $1.5 billion, Bloomberg reported on Monday, citing people familiar with...
Russia’s Novatek completes sales of stakes in Arctic LNG-2
Russian natural gas producer Novatek said on Monday it had completed the sale of stakes in its Arctic LNG-2 project to China’s National Petroleum Corporation, CNOOC and the Japan Arctic LNG consortium. Novatek has now...
Oil company Amerisur snubs bid overture from French rival Maurel & Prom
Latin America-focused oil exploration company Amerisur Resources (AMER.L) on Monday snubbed bid overtures from French rival Maurel & Prom (MAUP.PA), saying Maurel’s possible 210 million pounds sterling ($263...
Petrobras picks Warburg Pincus-backed Trident in oilfield re-bid
Brazilian oil company Petroleo Brasileiro SA has chosen a bid from Warburg Pincus-backed Trident Energy as the winner in a final “re-bid” for two oilfields, three sources with knowledge of the matter said. Petrobras, as...
Amerisur Resources explores sale, gets non-binding proposal
UK oil and gas company Amerisur Resources Plc (AMER.L) said on Friday it had received a non-binding proposal as well as other indicative offers for some assets as the company reviews strategic options, including a...
Iran set to invest in Chennai Petroleum Corporation, says ambassador
Iran is ready to invest in the expansion of a South Indian refinery, an Iranian official said in New Delhi on Tuesday, as the country seeks new avenues of growth amid debilitating U.S. sanctions. Iran has seen a massive...
Government mulling splitting GAIL; to sell pipeline business to strategic investor
The government is considering to split state-run gas utility GAIL (India) Ltd by hiving off its pipeline business into a separate entity and selling it off to strategic investors, sources privy to the development said...
Callon Petroleum to buy Carrizo in quest for strong cash flow
Callon Petroleum Co (CPE.N) said on Monday it would buy Carrizo Oil & Gas Inc (CRZO.O) for $1.2 billion in stock, the latest in a string of acquisitions as energy companies scale up to boost cash flow and quell...
HitecVision, Oman’s Petrogas to buy UK oilfields from Total
Private equity fund HitecVision and Omani oil group Petrogas have teamed up to buy a portfolio of Total’s British North Sea oilfields for $635 million, the companies said on Wednesday. The fields, which are set to...
Bolivia intends to buy Petrobras stake in gas pipeline to Brazil
Bolivia’s state-owned oil company YPFB plans to bid on a stake in a natural gas pipeline linking the country to Brazil to secure better terms for its gas sales there, the company said on Tuesday. YPFB intends to bid on...
Poland’s PKN says talks with EU over Lotos bid most difficult
Poland’s biggest oil refiner, the state-run PKN Orlen, said on Monday negotiations with the European Commission over its planned takeover of smaller rival Lotos (LTSP.WA) had entered their most difficult phase. PKN said...
Equinor to sell 16% shares it holds in Lundin Petroleum for about $1.56 billion
Norwegian oil and gas firm Equinor ASA (EQNR.OL) on Sunday said it will sell a 16% stake in Lundin Petroleum AB (LUPE.ST) for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup...
