France’s Maurel & Prom will invest $400 million to acquire a 40 percent stake in a Venezuela oilfield joint venture called Petroregional del Lago, state oil company PDVSA [PDVSA.UL] President Manuel Quevedo said on...
DNO adds to Faroe stake in hostile takeover saga
Norwegian oil company DNO (DNO.OL) has achieved another slight increase to its stake in Faroe Petroleum (FPM.L), it said on Friday as it continues its battle for control of the British business. DNO’s combined ownership...
Petrobras oilfield gets bids from PetroRio, Karoon Energy – sources
Brazil’s PetroRio SA (PRIO3.SA) and Australia’s Karoon Energy Ltd (KAR.AX) are among the bidders for a mature shallow water oilfield owned by Petroleo Brasileiro SA (PETR4.SA), according to two sources speaking on...
‘Govt hasn’t yet asked ONGC to reconsider ONGC Videsh IPO’
State-owned Oil and Natural Gas Corp. Ltd (ONGC) Wednesday said the government has not yet asked it to reconsider listing its overseas arm ONGC Videsh Ltd on bourses. The board of ONGC had on 21 December considered a...
Indonesia’s PGN to pay $1.39 billion for Pertagas stake, 22 percent more than previously announced
Indonesian gas utility PT Perusahaan Gas Negara (Persero) Tbk said on Friday it will pay 20.2 trillion rupiah ($1.39 billion) to acquire 51 percent of PT Pertamina Gas (Pertagas), 22 percent more than previously...
Disinvestment booster: ONGC board clears Rs 40-bn share buyback
In a boost for the government’s effort to meet its disinvestment target for the current financial year, the board of state-run Oil and Natural Gas Corporation (ONGC) on Thursday approved its share buyback worth Rs...
North Sea producers ONE and Dyas to merge
British North Sea-focused oil and gas producers, Oranje-Nassau Energie (ONE) and Dyas, have agreed to merge to expand production, the privately-owned companies said on Thursday. The merged group, ONE-Dyas, will operate...
ONGC approves ₹4,022 crore share buyback
The board of Oil and Natural Gas Corp. Ltd has approved a share buyback worth ₹4,022 crore, ONGC said in a regulatory filing Thursday. The share buyback entails repurchase of 25.29 crore scrips, or 1.97% of all equity...
BP launches $3 billion sale of U.S. onshore assets to fund BHP deal: sources
Britain’s BP has launched the sale of U.S. oil and gas onshore assets that could raise more than $3 billion to help pay for other fields in the United States it bought in October from BHP (BHP.AX), industry and banking...
Canada’s Husky gets regulatory approvals to buy MEG Energy
Canadian oil and gas producer Husky Energy Inc (HSE.TO) said on Tuesday it has received regulatory approvals to buy rival MEG Energy Corp (MEG.TO), but MEG has yet to agree on the deal. In October, Husky made an...
Chrysaor sets sights on Chevron’s North Sea assets: sources
Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron’s (CVX.N) British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said. Chrysaor has signed up...
NCLT orders liquidation of Nagarjuna Oil
The National Company Law Tribunal ordered the liquidation of NagarjunaNSE -10.63 % Oil Corp, nearly 17 months after initiating corporate insolvency resolution proceedings at the company, saying that lenders had not...
