German energy firm DEA Deutsche Erdoel AG [RWEDE.UL] said on Tuesday it had signed an agreement to buy independent Mexican company Sierra Oil and Gas at a time of growing uncertainty over the private sector’s role in...
Government forms six-member panel to look at selling 149 fields of ONGC, OIL to pvt companies
The government has constituted a six-member committee to look at selling as many as 149 small and marginal oil and gas fields of state-owned ONGC and OIL to private and foreign companies to boost domestic output...
Poland’s PKN notifies Brussels on plan to take over smaller rival Lotos
Poland’s biggest oil refiner PKN Orlen (PKN.WA) has notified the European Commission of its plan to take over smaller rival Lotos (LTSP.WA), PKN said late on Friday. State-run PKN Orlen said in February it plans to buy...
Greece’s DEPA buys out Shell’s stake in domestic gas supplier
Greece’s state-controlled DEPA gas company has concluded the acquisition of Shell’s 49 percent stake in a domestic gas supplier and in a gas distributor in Athens, becoming the sole stakeholder in the two companies, it...
Saudi Aramco plans to invest $500 billion as oil giant expands abroad
Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification. The...
Oil India to buy back 4.45% shares for Rs 10.85 bn to meet revenue targets
State-owned Oil India Ltd will buy back 50.4 million of its shares for a little over Rs 10.85 billion as part of the government’s push to cash-rich PSUs to part with their surplus either by paying higher dividends...
France’s Total to buy businesses from Brazil’s Grupo Zema
French energy group Total has agreed to buy some businesses of Brazil’s Grupo Zema to expand in the biofuels sector. Total said it would be buying fuel distribution company Zema Petróleo, reseller and retailer arm Zema...
Oman Oil, ORPIC merge downstream businesses
Oman Oil Co and Oman Oil Refineries and Petroleum Industries Co (ORPRIC) have merged their downstream businesses and appointed a new group chief executive as part of plans to integrate the two companies, ORPIC said in a...
East Timor to buy Shell’s stake in Greater Sunrise gas fields for $300 million
East Timor has agreed to buy Royal Dutch Shell’s stake in the Greater Sunrise natural gas fields off the northern coast of Australia for $300 million, the government and Shell Australia said on Wednesday. The agreement...
GAIL likely to buy IL&FS wind energy assets
State-owned gas utility company GAIL (India) Ltd is considering acquiring all of the wind energy assets held by subsidiary of debt-laden Infrastructure Leasing and Financial Services (IL&FS), according to people...
France’s Total and Sempra Energy sign north America LNG deal
French energy group Total and Sempra Energy have signed a memorandum of understanding on the North American liquefied natural gas (LNG) market, which could see Total acquire a further stake in the sector. The deal could...
India’s Petronet, ONGC Videsh eye stake in Tellurian project
India’s Petronet LNG NSE -0.60 % and ONGC NSE 2.01 % Videsh are jointly in talks about buying a stake in Tellurian Inc’s proposed Driftwood project in Louisiana, Petronet’s managing director said on...
