Hotels, gas pipeline, real estate. Canadian investment firm Brookfield Asset Management seems to be on a deal-making spree in India. Last week, an investment trust led by Brookfield bought RIL’s East West Pipeline...
Reliance Industries to raise $170 million for capex from investors overseas
India’s oil-to-telecoms giant, Reliance Industries, is set to sell a Schuldschein (pronounced schult-shine) debt instrument worth $170 million in the German-centred debt market, making it the first Indian company to tap...
Brookfield to acquire Mukesh Ambani’s loss-making pipeline for Rs 13,000 crore
Brookfield on Thursday announced it is buying the loss-making East West Pipeline Ltd (EWPL), earlier known as Reliance Gas Transportation Infrastructure Ltd, for an enterprise valuation of Rs 13,000 crore ($2 billion)...
Spain’s Enagas to partner with Blackstone, GIC for stake in TGE
Spain’s Enagas will pay, as part of a consortium deal, $590 million for a 10.93 percent indirect ownership interest in U.S. energy infrastructure company Tallgrass Energy (TGE), the company said in a statement on Monday...
Sinopec may ink 20-year LNG deal with Cheniere when trade spat ends
China Petroleum and Chemical Corp plans to sign a 20-year liquefied natural gas (LNG) supply agreement with Cheniere Energy once China and the United States end their trade dispute, two sources with knowledge of the...
SOCO will not bid for Ophir Energy after original proposal rejected
Oil and gas producer SOCO International Plc said on Wednesday that it would not make an offer for Ophir Energy Plc after an original all-share proposal was rejected by Ophir in January. SOCO did not disclose the terms...
EnQuest gets first dibs on stakes in future Seapulse discoveries
British oil producer EnQuest has sealed a deal with explorer Seapulse that will put it first in line to help develop over four billion barrels’ worth of prospective resources the company is investigating, Seapulse said...
Pemex tie-ups to proceed despite Lopez Obrador’s criticism
Auctions later this year to pick joint venture partners for Mexican state oil company Pemex will proceed, an official at the national oil regulator said on Thursday, despite President Andres Manuel Lopez Obrador’s...
Petrobras to push ahead with ‘bold’ divestment plan: CEO
Petroleo Brasileiro SA is expanding its ambitious divestment program and has “bold” plans for future sales, the Brazilian state-run oil company’s chief executive said after the firm reported its first annual profit in...
Australia’s APA says looking for U.S. gas pipeline acquisition
Australia’s biggest gas pipeline company, APA Group, has resumed its search for a U.S. acquisition, after putting the move on hold last year while it dealt with a takeover offer, its chief executive said on Wednesday...
Indian Oil buys commissioning cargo of LNG for new Ennore terminal: Report
Indian Oil Corp (IOC) bought a commissioning cargo of liquefied natural gas (LNG) for its new Ennore terminal in south India, in a sign that India’s first terminal in the east coast is readying for start-up, three...
Shell buys German solar battery maker sonnen
Royal Dutch Shell has agreed to buy German residential solar battery maker Sonnen, as the oil and gas major expands its electricity business in its bid for a bigger role in the global transition to low-carbon energy...
