Italy’s Eni and Austria’s OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi National Oil Company’s (ADNOC) refining business and establish a new trading operation owned by the three partners...
Despite 60 percent support, Canada’s Husky scrapped MEG oil merger
When the final numbers were tallied late last Wednesday for Husky Energy’s hostile bid for rival Canadian oil producer MEG Energy, Husky’s top executives learned they had the support of nearly 60 percent of MEG...
Colfax picks Goldman to sell Howden business – sources
Colfax Corp is pressing ahead with plans to sell its air and gas handling unit Howden as part of a shift to focus on the medical devices industry and has hired Goldman Sachs to handle the process, four sources close to...
Saudi Aramco eyes multi-billion-dollar US gas acquisitions : CEO
Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend “billions of dollars” there as it aims to become a global gas player...
Linde Plc to launch $6 billion share buyback scheme
Linde Plc (LIN.N), the industrial gases giant created by the merger of U.S. group Praxair and German rival Linde AG, said it would buy back up to $6 billion of own shares, returning proceeds from assets it had to sell...
Canada’s Husky Energy to receive majority support in hostile MEG takeover: sources
Husky Energy Inc (HSE.TO) expects to secure over 50 percent support from MEG Energy (MEG.TO) shareholders for Husky’s C$3.3 billion ($2.5 billion) unsolicited offer to take over the rival oil producer by Wednesday’s...
HPCL unlikely to partner Total for LPG cavern in Mangalore
State-run Hindustan Petroleum Corp. Ltd (HPCL) may build its second liquefied petroleum gas (LPG) cavern in Mangalore, Karnataka, said two company officials, requesting anonymity. HPCL is planning to build an...
Petronas in talks to buy a majority stake in Amplus Energy
Malaysia’s state-owned oil and gas company, Petroliam Nasional Berhad, or Petronas, is in talks with New York-based I Squared Capital to buy a majority stake in Amplus Energy Solutions Pvt. Ltd, one of India’s largest...
Algeria eyes Exxon deal, trading JV in first half
Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first half of 2019, Sonatrach’s CEO said on Monday. “We are very optimistic and things are...
France’s Engie hopes to resume talks to buy Petrobras’ TAG: paper
French energy group Engie SA (ENGIE.PA) hopes to resume talks to buy a gas transportation subsidiary of Petroleo Brasileiro SA (PETR4.SA) this year, the chief executive of Engie’s Brazilian unit was quoted as saying on...
Shell completes acquisition of Total’s 26% stake in Hazira LNG in Gujarat
Royal Dutch Shell on Wednesday said it has completed the acquisition of French oil major Total SA’s 26 per cent stake in the company that operates 5 million tonnes per annum-Hazira LNG terminal in Gujarat...
HPCL, Mangalore Refinery merger may not happen this fiscal year
The merger of two Oil and Natural Gas Corporation (ONGC) subsidiaries — Mangalore Refineries and Petrochemicals (MRPL) and Hindustan Petroleum Corporation (HPCL) — is unlikely to happen in FY19. A source close to the...
