Chevron Corp (CVX.N) is exploring options including the sale of a minority stake in its Canadian liquefied natural gas (LNG) project as it pushes ahead, three people familiar with the matter told Reuters. Among the...
IOC bids for stake in Vietnam’s Binh Son refinery
State-owned Indian Oil CorpBSE -0.80 % (IOC) has bid for a stake in Vietnam’s Binh Son Refining and Petrochemical Company as it looks at the South Eastern nation to expand business beyond Indian shores. IOC is...
BSBios CEO to buy out Petrobras’ stake in biodiesel company
The chief executive of Brazilian biodiesel company BSBios said on Friday he plans to buy out state-run oil company Petroleo Brasileiro SA’s (PETR4.SA) 50 percent stake in the firm, citing the sector’s improved prospects...
Poland’s plan to merge state oil refiners faces opposition in Gdansk
The Polish government’s proposal to merge the country’s two state oil refiners, announced this week, faces opposition from the mayor of Gdansk who said he would fight the plan as it would hit jobs and tax revenues in...
U.S. investors seek to acquire Russia’s Rosneft lien in Citgo
A group of U.S. investors is seeking Washington’s approval to acquire the nearly 50 percent collateral in U.S. refiner Citgo held by Russia’s largest state-owned energy firm Rosneft, one of the investors said. The move...
RIL, BP get panel nod for $4-billion investment in KG Basin: DGH
An official panel has approved $4-billion investment plans by Reliance Industries and BP to develop three sets of natural gas discoveries in the KG Basin, the Directorate General of Hydrocarbons (DGH) said on Monday...
Saudi Aramco looking to buy stake in existing Indian refineries
World’s largest oil company Saudi Aramco is looking to buy a stake in existing Indian refineries and expansion projects as well as the planned giant refinery on the west coast, Saudi Arabian Oil Minister Khalid al...
Bharat Petroleum to raise $200 million for Abu Dhabi asset purchase
Bharat Petroleum Corp. Ltd (BPCL) plans to raise $200 million to fund the acquisition of a 3% share in the Lower Zakum Concession, Offshore Abu Dhabi, two people aware of the development said. A consortium comprising...
DGH may review plan to sell 60% stake in ONGC, Oil India fields
Directorate General of Hydrocarbons (DGH) may be rethinking its plan to sell 60% stake in hydrocarbon blocks held by Oil and Natural Gas Corp. Ltd (ONGC) and Oil India Ltd (OIL), two people familiar with the development...
Aker Energy buys Hess Ghana business, expects first oil in 2021
Norwegian billionaire Kjell Inge Roekke’s Aker Energy plans “significant” oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation’s (HES.N) business there. Aker Energy said the proposed...
Essar sells Raniganj CBM block to GAIL using Reliance formula
Essar OilBSE -0.15 % has sold its entire production of coal-seam gas or CBM from a West Bengal block to state-owned GAIL India LtdBSE -0.21 % using the same formula that Reliance IndustriesBSE 0.40 % used for pricing of...
OVL offers to invest $6.2 bn in Iranian gas field
With negotiations stuck over pricing of natural gas, ONGC Videsh Ltd has offered to invest USD 6.2 billion in development of Iran’s giant Farzad-B gas field in the Persian Gulf while leaving the marketing of gas...
