Welding and valves manufacturer Colfax Corp (CFX.N) is nearing a deal to sell its air and gas handling division to private equity firm KPS Capital Partners for more than $1.8 billion, people familiar with the matter...
Siemens weighs carving out Gas and Power unit – sources
German industrial conglomerate Siemens is weighing options for its Gas and Power unit, carving out all or part of the business to prepare it for a potential stock market listing or a merger with a peer, two people close...
Shell pursuing $1 billion exit from Indonesia LNG project: sources
Royal Dutch Shell is moving to sell its stake in Indonesia’s $15 billion Abadi liquefied natural gas (LNG) project, industry and banking sources said, following on from an asset disposal program that has raised more...
Nayara Energy closes $750 million pre-pay with Trafigura, BP
Russian-backed Indian refiner Nayara Energy has completed a long-term pre-payment deal with BP and global commodities trader Trafigura for $750 million, Nayara’s chief executive said on Wednesday. The deal, backed by a...
HPCL-MRPL merger hits cash hurdle; ONGC rules out share-swap
Hindustan Petroleum Corp’s plans to acquire Mangalore Refinery and Petrochemicals (MRPL) has hit a cash hurdle, with parent ONGC NSE -0.27 % preferring a cash deal rather than a share-swap, sources aware of the...
Pipeline operator Noble Midstream Partners up for sale – sources
Noble Midstream Partners LP, a pipeline operator controlled by U.S. oil and gas exploration and production company Noble Energy Inc, is up for sale, people familiar with the matter said on Thursday. The decision to seek...
Saudi Aramco sells first LNG, looks to expand gas business through joint ventures
Saudi Aramco, the world’s biggest oil exporter, dipped a toe into the natural gas business by selling its first cargo of the fuel. Aramco sold the shipment of liquefied natural gas from Singapore, Chief Executive...
Occidental offers $38 billion for Anadarko, topping Chevron
Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion for Anadarko Petroleum Corp, a bid that topped a $33 billion offer by Chevron Corp. Both...
ExxonMobil agrees 20-year LNG deal with China’s Zhejiang Energy
Exxon Mobil Corp said it has signed a 20-year agreement to supply liquefied natural gas (LNG) to China’s Zhejiang Energy, as the U.S. oil and gas giant steps up marketing of the fuel in China, the world’s second-largest...
Aramco to buy Shell’s stake in Saudi refining JV for $631 million
Saudi Aramco will acquire Royal Dutch Shell’s 50 percent stake in their Saudi refining joint venture SASREF for $631 million, the two companies said on Sunday. The purchase, which is part of Aramco’s...
Conoco sells UK North Sea oil assets to Chrysaor for $2.7 billion
U.S. energy group ConocoPhillips has agreed to sell its oil and gas assets in the British North Sea to private equity-backed Chrysaor for $2.68 billion, Conoco said on Thursday, making Chrysaor the biggest producer in...
Reliance Industries silent on stake sale talks with Saudi Aramco reports
Reliance Industries has declined comments on reports that the company is in talks with Saudi Aramco to sell 25% in its refining and petrochemical business but stated that the conglomerate evaluates opportunities on an...
