Japan’s Mitsubishi Corp on Friday said it has agreed to acquire 25 percent of Bangladesh’s Summit Liquefied Natural Gas (LNG) terminal and plans to help develop an offshore receiving site in the South Asian country. The...
Qatar-Glencore venture values its Rosneft stake at 7.4 billion euros
QHG Oil Ventures, a joint venture between Qatar Investment Authority and Glencore, has valued a 14.2 percent stake in Rosneft, which it is selling, at 7.4 billion euros ($8.4 billion), a QHG financial statement showed...
Diamondback to buy Energen in $9.2 billion deal to boost Permian presence
U.S. oil and gas producer Diamondback Energy Inc on Tuesday agreed to buy shale rival Energen Corp in an all-stock deal valued at $9.2 billion, giving it an expanded footprint in the country’s largest and fastest...
ONGC in talks to buy five GSPC blocks
The country’s largest oil exploration and production company, Oil and Natural Gas Corp. Ltd (ONGC), is in talks to buy five blocks from the Gujarat State Petroleum Corp. Ltd (GSPC), according to two people aware of the...
Canada’s Ensign to launch hostile bid for Trinidad Drilling
Canadian oilfield services provider Ensign Energy Services Inc (ESI.TO) on Monday said it would make a C$947 million ($720 million) hostile bid for Trinidad Drilling Ltd (TDG.TO), as the recovery of Canada’s oil...
Linde says regulators likely to demand more divestitures in Praxair deal
German industrial gases group Linde said it and U.S. rival Praxair may need to sell more assets than anticipated to secure antitrust approval for their planned $87 billion tie-up, which could scupper the deal. The...
NZ’s Contact Energy to sell LPG business for $177.4 mln
Contact Energy Ltd said on Tuesday it will sell Rockgas Ltd, which holds the company’s LPG business, to an associate of First Gas Ltd for NZ$260 million ($177.35 million) in cash. As a part of the deal, Contact will...
Reliance to sell entire stake in Cambay Basin to Sun Petrochemicals
Reliance Industries Ltd (RIL) said it has agreed to sell its entire 70% stake Gujarat’s Cambay Basin block to Dilip Shanghvi-promoted Sun Petrochemicals Pvt. Ltd (Sun Oil and Natural Gas) for an undisclosed amount...
China’s CNPC to invest more than $22 billion to boost Xinjiang oil, gas output by 2020
China National Petroleum Corp (CNPC) said on Wednesday it will spend more than 150 billion yuan ($22 billion) by 2020 to boost oil and gas output in the western region of Xinjiang, to offset falling output from ageing...
Kuwait sovereign fund’s UK unit buys NSMP for $1.7 billion – source
The British infrastructure arm of Kuwait’s sovereign wealth fund said on Monday it had agreed to buy oil and gas pipeline firm North Sea Midstream Partners (NSMP) from private equity firm ArcLight Capital. Wren House...
Vopak inks deal with Engro to buy 29 percent of Pakistan’s first LNG terminal
Global independent tank storage company Vopak said on Friday it has inked an agreement with Engro Corp Ltd to buy a 29 percent stake in Pakistan’s first liquefied natural gas (LNG) import facility. Vopak will invest in...
ONGC board okays sale of stake in Pawan Hans
The board of ONGC has approved exiting helicopter service provider Pawan Hans by selling its entire 49% stake as it looks to cut debt and consolidate resources in its core oil and gas business, officials with direct...
