Canada’s Encana Corp (ECA.TO) will buy Newfield Exploration Co (NFX.N) for $5.5 billion, giving the natural gas producer greater access to North America’s biggest oilfields, and potentially spurring further deals...
Oil regulator approves sale of Mukesh Ambani’s pipeline to Brookfield
Billionaire Mukesh Ambani has won oil regulator PNGRB’s approval for selling his loss-making east-west natural gas pipeline to Canadian investor Brookfield, a top official said. Ambani’s Reliance Gas...
Chevron in talks to buy Brazilian oil company’s Texas refinery – sources
Chevron Corp (CVX.N) has held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA), three people familiar with the matter said...
‘ONGC bought GSPC gas field stake for half the asking price of Rs 20k cr, replacement cost’
State-owned ONGC bought Gujarat State Petroleum Corp’s (GSPC) stake in a KG basin gas block for USD 1.2 billion (about Rs 8,000 crore) when the replacement value of brand new assets built by the company is at least USD...
Linde-Praxair merger set to win U.S. FTC clearance: Manager Magazin
Industrial gases group Praxair (PX.N) and Linde (LIN1.DE) are set to win U.S. antitrust approval for their planned $86 billion merger, clearing the last major hurdle for the deal, German monthly Manager Magazin reported...
SDX says talks for it to acquire BP Egypt assets end with no deal
North African-focused oil and gas company SDX Energy (SDX.L) said on Thursday that talks to buy some of BP’s (BP.L) Egyptian assets have been abandoned. Reuters reported earlier in the year, citing banking sources, that...
UAE’s Waha Capital acquires minority stake in Dubai’s Petronash
UAE investment firm Waha Capital on Monday said it acquired a significant minority stake in Dubai-based oil field services company Petronash Holdings for $88 million. Abu Dhabi-listed Waha may further increase its stake...
IOC, ONGC, Oil India may buy back shares worth Rs 10,000 crore
The boards of Indian Oil, Oil and Natural Gas Corp (ONGC) and Oil India NSE -1.04 % may soon consider buying back their shares worth Rs 10,000 crore under pressure from the government, multiple people familiar with the...
GMR Infra arm signs pact with APGDC for piped natural gas supply
GMR InfrastructureNSE 5.05 % Thursday said its arm Kakinada SEZ has inked a pact with Andhra Pradesh Gas Development Corporation (APGDC) for supply of piped natural gas. “Kakinada SEZ, a subsidiary of GMR Infra...
Merger talks started in spring between Canadian oil companies Husky, MEG
Canadian oil companies Husky Energy Inc (HSE.TO) and MEG Energy Corp (MEG.TO) discussed a possible merger for months, and one major MEG shareholder expressed interest early, before Husky was rebuffed and launched a...
Exxon explores sale of U.S. Gulf of Mexico assets – sources
Exxon Mobil Corp (XOM.N) is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher prices prompt the world’s largest publicly traded oil company to review its portfolio, people familiar with the matter...
Baker Hughes to bid for Petrobras production-sharing contract: Baker Hughes executive
General Electric Co’s (GE.N) unit Baker Hughes (BHGE.N) is preparing an offer for a production-sharing deal with Brazil’s Petrobras (PETR4.SA), a Baker Hughes executive said on Tuesday, as the state-run oil company...
