Saudi Aramco, the world’s largest crude oil producer, is in “serious discussions” to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, the Times of...
Malaysia’s Petronas acquires Singapore-based solar power company Amplus Energy
Malaysian state-owned oil and gas firm Petronas said on Monday it had acquired a Singapore-based solar energy company as part of a strategy to move into renewable energy, chasing high-growth business to complement its...
Chevron to buy Anadarko for $33 billion in shale, LNG push
Chevron Corp doubled down on its bet on surging U.S. oil and gas output on Friday, saying it would buy shale producer Anadarko Petroleum Corp for $33 billion in cash and stock that will make it the second-largest crude...
Toshiba shares slump after sale of U.S. LNG business canceled
Toshiba Corp shares fell more than 5 percent on Friday after an agreement to offload its U.S. liquefied natural gas (LNG) business collapsed, a blow for the Japanese conglomerate which has been shedding assets to turn...
Carlyle agrees to buy 30 percent stake in Spain’s Cepsa: FT
Private equity firm Carlyle Group LP has agreed to buy a 30 percent stake in Spanish oil and gas company Cepsa from an Abu Dhabi sovereign wealth fund in a $3.6 billion deal including debt, the Financial Times reported...
Aramco plans to close SABIC acquisition deal in 2020
Saudi Aramco plans to complete the acquisition of a 70 percent stake in Saudi Basic Industries (SABIC) in 2020, it said in its bond prospectus. Aramco agreed last week to buy the majority stake from Saudi Arabia’s...
Saudi Aramco to buy SABIC in $69 billion chemicals megadeal
The world’s largest oil producer Saudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp (SABIC) from the kingdom’s wealth fund for $69.1 billion in one of the biggest deals in the global...
Murphy Oil sells Malaysia assets to PTTEP for $2.1 billion, turns toward home
Murphy Oil Corp is exiting Malaysia with a $2.13 billion sale of its oil and gas assets there to Thailand’s PTTEP and said it will use the proceeds to pay down debt, buy back shares and fund potential deals in the...
GSPC to sell 12 of its 21 hydrocarbon blocks to pare debt
State-run Gujarat State Petroleum Corp. Ltd (GSPC) has put 12 of its 21 hydrocarbon blocks on the block to reduce its debt, according to two people aware of the development. GSPC is the flagship firm of the GSPC Group...
Ophir agrees to be bought by Indonesia’s Medco in a sweetened bid
London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to a lower offer...
Brazil’s PetroReconcavo in talks for Petrobras onshore fields: sources
Brazilian independent oil company PetroReconcavo has entered direct negotiations with state-run Petroleo Brasileiro SA to purchase a cluster of 34 oilfields in the nation’s northeast, two oil industry sources told...
Australia’s Macquarie leaves group bidding for Brazilian gas pipeline: sources
Australia’s Macquarie Group is leaving one of the groups that will present a new bid for a gas pipeline network put on sale by Brazil’s state-controlled oil company Petrobras, three sources with knowledge of the matter...
