Germany’s Linde said on Monday it would fetch $3.3 billion from selling assets to a consortium of German gases firm Messer and buyout group CVC in a deal to secure antitrust clearance for its planned $87 billion merger...
Linde, Praxair eye merger close this year after European sale
German industrial gases company Linde and peer Praxis are hoping to seal their merger this year, after agreeing to sell Praxair’s European gases business to Japanese rival Taiyo Nippon Sanso Corp. Linde and Praxair need...
Gujarat Gas looking to buy GAIL Gas’s stake in VGL for ₹200-250 crore
Gujarat Gas Ltd (GGL), India’s largest city gas distribution (CGD) company, is looking to pick up the entire 50% stake of GAIL Gas in Vadodara Gas Ltd (VGL), according to three senior government officials close to the...
Enbridge to sell some businesses to Brookfield Infrastructure Partners
Enbridge Inc said on Wednesday it would sell its Canadian natural gas gathering and processing business to Brookfield Infrastructure Partners LP and its institutional partners for about C$4.31 billion ($3.28 billion)...
HPCL may use mix of shares, cash & oil bonds to buy MRPL
Hindustan Petroleum CorporationNSE 0.59 % Limited (HPCL) may use a mix of shares, cash and oil bonds to pay for acquiring and merging Mangalore Refinery and Petrochemicals Ltd (MRPL) with itself, according to people...
ONGC board gives nod to explore group restructuring options
The board of state-owned Oil and Natural Gas Corp (ONGC) has given in-principle approval for exploring options for a restructuring of the group firms including the merger of subsidiaries MRPL and HPCL. The India’s...
Activist investor Icahn raises stake in oil producer Energen
Activist investor Carl Icahn boosted his stake in Energen Corp (EGN.N), a filing showed on Tuesday, as he eyes a potential takeover of the oil and gas producer. In May, hedge fund manager Keith Meister of Corvex...
EIG, Warburg Pincus bid for mature Petrobras oilfield clusters
Warburg Pincus- and EIG Global Energy-backed firms have placed bids for shallow water mature oilfields being sold by Brazil’s state-controlled producer Petroleo Brasileiro SA (PETR4.SA), five sources said, as the...
Canada’s Baytex to buy oil producer Raging River for C$2.8 billion
Baytex Energy Corp will buy rival Raging River Exploration Inc for C$2.8 billion ($2.13 billion), the Canadian oil and gas producer said on Monday, becoming the latest company to bet big on Canada’s vast shale reserves...
Diversified Gas to buy U.S. oil, gas assets for about $575 million
Diversified Gas & Oil Plc (DGOC.L) said on Thursday it planned to buy oil and gas producing assets in the Appalachian Basin for about $575 million, as it bets on the U.S. shale gas boom. The company did not disclose...
HPCL, Oil India to set up joint venture for city gas distribution
State-run Hindustan Petroleum Corp. Ltd (HPCL) and exploration and production company Oil India Ltd will shortly form a city gas distribution joint venture (JV), said two people aware of the development. HPCL and Oil...
Saudi Aramco eyes partnerships as it expands refining, petrochems
Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil...
