State-owned Oil and Natural Gas Corp (ONGC) is not in a hurry to sell its stake in Indian Oil Corp and GAIL (India) and will wait for the right price before offloading the shares, a senior company official said. ONGC...
Shell in talks to sell $1.3 billion of Gulf Coast assets: Bloomberg
Royal Dutch Shell Plc (RDSa.AS) is in talks to sell its assets in a Gulf of Mexico oilfield to Focus Oil to pay for its takeover of BG Group Plc, Bloomberg reported on Thursday, citing people familiar with matter. The...
Linde, Praxair close to selling more assets to save merger: source
Industrial gases group Linde (LIN1.DE) is set to sell additional assets to a consortium of Messer Group GmbH and CVC Capital Partners for about $200 million, moving closer to U.S. antitrust approval for the planned...
CCI asks Linde and Praxair to sell their India assets before global merger
Fair trade watchdog Competition Commission of India (CCI) has asked industrial gases firms Munich-based Linde AG and Connecticut headquartered Praxair Inc. to sell off some of their assets in India before consummating...
Brookfield to acquire Ambani gas pipeline
Canadian investor Brookfield is set to buy the loss-making East West Pipeline Ltd (EWPL), earlier known as Reliance Gas Transportation Infrastructure Ltd, for an enterprise valuation of Rs 14,000 crore ($2 billion)...
Spain’s Repsol to buy U.S. LNG from Venture Global: statement
Venture Global LNG on Friday said that it has entered into a 20-year agreement with Spanish energy company Repsol SA (REP.MC) for the supply of one million tonnes per annum of liquefied natural gas (LNG) from the...
Pinnacle Asset buys Sierentz Global Merchants’ natgas trading business
Commodities and natural resources investor Pinnacle Asset Management said on Thursday it had bought the North American natural gas wholesale trading business of commodities trader Sierentz Global Merchants. Ben...
ONGC’s $1.6 bn stake sale hits hurdle as govt may reimpose fuel subsidies
India’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with...
Southwestern Energy to sell Fayetteville shale unit
Oil and gas producer Southwestern Energy Co (SWN.N) agreed to sell its Fayetteville shale assets in Arkansas to privately owned Flywheel Energy LLC in an all-cash deal valued at about $1.87 billion, Southwestern said on...
Shell to buy out Total in Hazira LNG terminal
Royal Dutch Shell has signed a pact to buyout French company Total Gaz’s 26% stake in Hazira LNG and Port in Gujarat, a press statement from the former said. Shell did not disclose the financial consideration for the...
Linde, Praxair win conditional merger approval in Brazil
Industrial gases groups Linde (LIN1.DE) and Praxair (PX.N) won conditional antitrust approval in Brazil for their planned merger after committing to asset sales, Linde said on Thursday. Linde will sell its entire...
Linde, Praxair get EU approval for $82 billion deal, await U.S. decision
German industrial gases group Linde (LING.DE) and U.S. rival Praxair (PX.N) secured conditional EU antitrust approval on Monday for their $82 billion merger but still have to clear a major hurdle with U.S. enforcers...
