State-run Gail NSE 0.92 % India has approached the bankruptcy court to include its claim of around Rs 390 crore in the insolvency resolution process of Videocon NSE 0.00 % Industries. The natural gas transportation and...
Petroperu eyes selling up to $1 billion in assets at Talara refinery
State-owned Peruvian oil company Petroperu is evaluating selling units in its flagship Talara refinery to raise up to $1 billion to help finance a massive, unfinished expansion at the facility, the new head of the...
Italy’s Iren mulling sale of stake in LNG plant, had contact with Snam: sources
Italian regional utility Iren is considering selling its 49.1% stake in the country’s second-biggest liquefied natural gas terminal and has been in touch with possible buyers, including gas infrastructure group Snam...
Brazil Supreme Court minister holds up sale of Petrobras units
A Brazilian Supreme Court judge has issued an injunction suspending some major divestments by Petroleo Brasileiro SA, according to a document seen by Reuters on Monday, possibly creating a major headache for the state...
Total seeks to reduce stake in giant Kashagan oilfield – sources
France’s Total is seeking to sell part of its stake in Kazakhstan’s giant Kashagan oilfield to raise up to $4 billion, four banking sources said. Total holds a 16.8% stake in Kashagan, one of the world’s largest...
BP nears sale of stake in Egyptian oil firm to Dragon Oil: sources
BP is nearing the sale of its stake in a major Egyptian oil and gas company to Dubai-based Dragon Oil for over $600 million, industry and banking sources said. The sale, which is expected to complete in the coming...
Brazil’s Petrobras approves stake sale in BR Distribuidora
Brazil’s state-controlled oil company Petrobras said on Wednesday its board has approved a deal to sell an additional stake in its fuel distribution unit BR Distribuidora, according to a statement. Petrobras, or...
Refiner CVR Energy says evaluating strategic alternatives including sale
Carl Icahn-backed U.S. oil refiner CVR Energy Inc said on Tuesday it was evaluating potential strategic alternatives, including a sale of the company, sending its shares up 3.7% after the bell. The company has engaged...
Carlyle in talks with pipeline firms to sell 25% stake in U.S. oil export project: source
Carlyle Group LP is in discussions with three companies that operate pipelines and terminals to sell a 25% stake in its Corpus Christi, Texas, crude oil export terminal for $625 million, according to a source familiar...
ONGC, GIP, Tripura govt look to buy IL&FS’s 26% stake in OTPC
State-run Oil and Natural Gas Corp. Ltd (ONGC), Global Infrastructure Partners (GIP) and the Tripura government are seeking to buy Infrastructure Leasing & Financial Services Ltd’s (IL&FS) 26% stake in...
South Texas oil producer 1776 Energy up for sale
Privately held 1776 Energy Operators LLC told Reuters on Friday it would put itself up for sale, after sources familiar with the South Texas-focused oil and gas producer said they expected it to be valued at around $1.5...
Santos buys into Exxon-led PNG gas field amid political ructions
ExxonMobil has agreed to sell down its holding in the P’nyang gas field in Papua New Guinea to Santos Ltd, giving the Australian company a stake in the field that will help feed an expansion of Exxon’s PNG LNG project...
