Reliance IndustriesNSE -0.25 % Limited today said it has completed acquisition of close to 73 per cent stake in artificial intelligence-based education technology provider Embibe. “RIL, Embibe and the other...
Exxon seeks to sell out of Tanzanian gas field – sources
Exxon Mobil is seeking buyers for its stake in a large undeveloped gas field off Tanzania, according to three banking and industry sources, as the company focuses on the development of an even bigger project in...
Saudi Aramco restructures non-oil assets ahead of IPO: sources
Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources said, as it restructures some assets not related to oil and gas ahead of its planned...
Enel beat Iberdrola with $2 billion bid for Eletropaulo
Italy’s Enel SpA (ENEI.MI) outbid Spanish utility Iberdrola SA (IBE.MC) with a 7.6 billion reais ($2 billion) bid for Brazilian grid operator Eletropaulo Metropolitana Eletricidade de Sao Paulo SA (ELPL3.SA), according...
Eni working on bid for Terra Firma solar assets in Italy: CEO
Italian oil major Eni (ENI.MI) is working on a joint bid for Terra Firma’s solar assets in Italy with Qatar Petroleum, Eni CEO Claudio Descalzi told Reuters on the sidelines of the St Petersburg Forum on Friday. Asked...
CCI initiates public scrutiny of Linde-Praxair deal, invites comments
Fair trade regulator CCI has launched a public scrutiny of the mega deal between industrial gas firms Linde and Praxair, saying that it is of the prima facie view that the proposed merger is likely to have an...
Algeria’s Sonatrach hopes for Exxon Mobil deal on shale gas
Algerian state energy firm Sonatrach is seeking cooperation with Exxon Mobil Corp on shale gas “and more”, Sonatrach’s chief executive said on Thursday. Abdelmoumen Ould Kaddour, who was visiting the southern In Salah...
Mexico’s Vista Oil & Gas inks onshore joint venture with Jaguar
Mexican energy investment firm Vista Oil & Gas will tie up with Jaguar Exploracion y Produccion on three onshore projects, the company said on Tuesday, acquiring 50 percent stakes with an initial payment of nearly...
Greece’s DEPA to sell stake in gas supplier to Eni
Greece’s biggest gas company DEPA said on Wednesday it had agreed to sell its holding in a local gas supplier to Italy’s Eni (ENI.MI) for 57 million euros ($67 million). Under the agreement, state-controlled DEPA will...
Shell to sell stake in Canadian Natural for about $3.3 billion
Royal Dutch Shell Plc’s Shell Gas B.V. (RDSa.L) unit said on Monday it was selling its entire stake in Canadian Natural Resources Ltd (CNQ.TO) for $3.3 billion. Shell signed an underwriting agreement for the sale of its...
Qatar steps in to rescue Rosneft’s troubled stake sale to China
Qatar is taking a nearly 19 percent stake in Rosneft (ROSN.MM), rescuing the Russian oil major from its stalled deal to sell a major stake to China’s CEFC. The deal strengthens ties between Moscow and Doha at a time...
Petrobras and Engie to enter exclusive talks for Brazil pipeline: sources
Brazilian state-controlled oil company Petroleo Brasileiro SA has chosen to enter exclusive talks with France’s Engie SA for the sale of Petrobras’ gas pipeline network Transportadora Associada de Gás, five people with...
