Reliance Industries Ltd (RILBSE -0.94 %) today said its subsidiary Reliance Eagleford Upstream Holding LP will sell certain assets in Eagle Ford shale to Sundance Energy Inc for a consideration of USD 100 million (over...
Hiranandani family to invest Rs3,500 crore in oil and gas business
Niranjan Hiranandani’s family is investing around Rs3,500 crore to build liquified natural gas (LNG) terminals in Maharashtra and West Bengal, in a diversification for the Mumbai developer who built the iconic 250-acre...
Insolvency resolution: BPCL sole qualified bidder for Nagarjuna Oil
Public sector oil marketing company BPCL was the sole qualified bidder for Nagarjuna Oil Corporation (NOC), under IBC. The committee of creditors appointed by the NCLT met on Friday in Chennai to consider the bids of...
ONGC may buy out GAIL in OPaL
State-owned Oil and Natural GasBSE -0.59 % Corp (ONGCBSE -0.59 %) may buy out gas utility GAIL India LtdBSE -5.09 % in its Dahej mega petrochemical project in Gujarat to take full control of the recently commissioned...
Mexico regulator wants minority stake floated in state oil firm Pemex
The head of Mexico’s National Hydrocarbons Commission (CNH) urged the government on Wednesday to float a minority stake in national oil and gas firm Pemex on the Mexican stock exchange. Pemex controls the majority of...
BPCL unit looking to raise $600 million to refinance debt
Bharat Petro Resources Ltd (BPRL), the exploration and production arm of state-run oil marketing company Bharat Petroleum Corp. Ltd (BPCL) is planning to raise $600 million to refinance debt, two people aware of the...
South Korea’s SK Innovation to buy U.S. shale oil company
SK Innovation (096770.KS), owner of South Korea’s top refiner SK Energy, said on Wednesday that it has signed a deal to buy U.S. shale oil and gas company Longfellow Nemaha LLC in a bid to expand its shale oil...
GSPC to sell 28.4% stake in Gujarat Gas to subsidiary GSPL
Gujarat State Petroleum Corp. Ltd (GSPC) has decided to sell a 28.4% stake in Gujarat Gas Ltd, its city gas distribution business, to its subsidiary Gujarat State Petronet Ltd (GSPL). With this transaction, the Gujarat...
Seven firms bid for majority stake in Zambian oil refinery
Seven firms have submitted bids to buy a majority stake in Zambia’s sole 24,000 barrel per day Indeni Petroleum Refinery, an executive at the agency handling the bidding said on Saturday. Zambia Development Agency (ZDA)...
IOC, BPCL may buy 26 per cent stake each in GAIL
State-owned Indian OilBSE -3.60 % Corp (IOCBSE -3.60 %) and Bharat Petroleum Corp Ltd (BPCLBSE -3.75 %) may buy 26 per cent stake each in gas utility GAIL India Ltd, paying the government over Rs 20,000 crore each to...
Aramco keen on majority stake in Ratnagiri refinery
Saudi Aramco, the world’s largest producer of oil, is seeking majority ownership of the proposed ₹3-lakh-crore refinery-cum-petrochemical complex on the Indian west coast, marketing rights over entire fuel and...
NCLAT approves Ratnagiri Gas demerger scheme
Demerger scheme for Ratnagiri Gas and Power and Konkan LNG has been approved by the National Company Law Appellate Tribunal (NCLAT). Setting aside the earlier order of the National Company Law Tribunal, Delhi, the NCLAT...
