GAIL India will buy the entire produce for the next 15 years from Essar Oil’s coal bed methane (CBM) block of Raniganj East in West Bengal. The state-run gas firm outbid three rivals to win the rights to buy up to...
Australia’s Woodside to raise $2 billion for Scarborough stake, oil and gas projects
Woodside Petroleum, Australia’s biggest independent gas and oil producer, is set to raise A$2.5 billion ($1.96 billion) to fund the purchase of ExxonMobil Corp’s stake in the Scarborough gas field and to support...
ONGC acquires 10 per cent stake in UAE’s oil offshore concession
An Oil and Natural GasBSE 2.61 % Corp (ONGC)-led consortium of Indian state oil firms has been awarded 10% stake in Abu Dhabi’s offshore Lower Zakum Concession for $600 million, ONGCBSE 2.61 % said in a statement...
ONGC plans to sell stake in Indian Oil, GAIL for $4.8 bn to repay debt
Oil & Natural Gas Corp plans to sell its holding in two state-run energy companies within a year to repay debt it raised to fund the purchase of the Indian government’s stake in Hindustan Petroleum Corp, according...
Oil group Total buys stakes in offshore Guyana blocks
French oil and energy group Total has bought stakes in some offshore Guyana oil production blocks, boosting its presence in the potentially lucrative Guyana basin. Total said it was buying a 35 percent working interest...
Shell India drops plan to sell 30% stake in Panna-Mukta
Shell India, the operator of the Panna-Mukta-Tapti fields, a joint venture, has shelved its plan to sell its 30% stake in the Panna and Mukta oil fields, two people aware of the development said. Panna and Mukta are oil...
Shell says to sell its stake in Thai Bongkot fields to PTTEP for $750 million
Royal Dutch Shell said on Wednesday that it will sell its stake in the Bongkot gas field and adjoining acreage offshore Thailand to PTT Exploration & Production PCL for $750 million before tax. The deal with PTTEP...
ONGC buys govt’s entire 51.11% stake in HPCL for Rs 36,915 crore
State-owned Oil and Natural GasBSE -0.25 % Corp (ONGCBSE -0.25 %) today said it has bought government’s entire 51.11 per cent stake in oil refiner HPCLBSE 0.63 % for Rs 36,915 crore. In a regulatory filing, ONGC...
ONGC borrows Rs 4K crore from ICICI Bank for buying HPCL
State-owned Oil and Natural Gas Corp (ONGCBSE -0.10 %) has borrowed Rs 4,000 crore from ICICI BankBSE 1.52 % on top of over Rs 18,000 crore it has taken from three other banks to part finance its Rs 36,915 crore...
ONGC ties up Rs 18,000 crore loan from 3 banks for buying HPCL
State-owned Oil and Natural Gas Corp (ONGCBSE 1.09 %) today said it has tied-up over Rs 18,000 crore loan from three banks to part finance its Rs 36,915 crore acquisition of Hindustan Petroleum Corp Ltd (HPCLBSE -0.86...
ONGC to acquire govt’s entire 51.1% stake in HPCL for Rs 369.15 bn
State-run Oil and Natural Gas Corporation (ONGC) will acquire the 51.1 percent government stake in Hindustan Petroleum Corporation (HPCL) at a cost of Rs 369.15 billion. The deal is expected to be completed by the end...
GAIL renegotiates LNG deal with Gazprom
GAILBSE -1.15 % has renegotiated the terms of the liquefied natural gas (LNG) purchase deal with Russia’s Gazprom originally signed in 2012, which will bring down the price GAIL pays for the gas in a global market...
