Royal Dutch Shell Plc said on Monday it would acquire a 43.8 percent stake in the solar company Silicon Ranch Corp from investment manager Partners Group, as part of its new energies power portfolio. Shell said it has...
Cairn India to invest Rs 37,000 crore to ramp up production
VedantaBSE 1.27 %’s oil and gas vertical Cairn IndiaBSE 0.90 % is planning to invest Rs 37,000 crore to ramp up crude production at its Barmer oil fields in Rajasthan. The investment will be made over the next few...
Investors eye Nagarjuna Oil Corporation for insolvency resolution bid
Nagarjuna Oil Corporation Ltd (NOCL) has attracted interest from at least three to four strong investors, including public sector firms and both foreign and Indian investors, as per the expression of interest (EoI)...
DEA says talks over final merger agreement with Wintershall ongoing
Talks over a final agreement to merge BASF’s (BASFn.DE) oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail Fridman, are still ongoing, DEA said in a statement on Thursday. DEA, which Fridman...
ONGC- HPCL deal: A spanner in the works?
There’s a spanner in the works in the ONGC- HPCLBSE 0.47 % deal. Sources tell ET Now that the Oil Ministry had two-three weeks ago expressed valuation concerns regarding the deal, that aims to create a big oil...
Weatherford scraps joint venture, sells a business to Schlumberger
U.S. oilfield services company Weatherford International Plc (WFT.N) on Friday sold a U.S. oil-well business to rival Schlumberger NV for $430 million, abandoning a planned joint venture. Weatherford has struggled with...
Russian court approves settlement of Rosneft, Sistema dispute
A Russian court approved a settlement between the Sistema (AFKS.MM) conglomerate and Russia’s largest oil producer Rosneft ROSNN.MM on Tuesday, ending their dispute over the Bashneft oil company, RIA news agency said...
IOC, BPCL keen to acquire GAIL; company wants to merge with ONGC
Indian Oil Corp (IOCBSE 0.29 %) and Bharat Petroleum Corp Ltd (BPCLBSE 0.07 %) are both keen to acquire gas utility GAILBSE 0.82 % India Ltd to become fully integrated energy companies. IOC and BPCL have separately...
Australia’s Mineral Resources to buy AWE Ltd for $403 million
Australian gas producer AWE Ltd (AWE.AX) on Thursday accepted a sweetened takeover offer from Mineral Resources Ltd (MIN.AX) worth about A$526 million ($403 million) and that trumped an all-cash bid from a Chinese state...
ONGC tears into DGH proposal to sell its oil, gas fields
State-owned ONGCBSE 0.22 % has torn into regulator DGH’s proposal for auctioning its discovered oil and gas fields, saying national oil companies can raise production if they are offered the same fiscal...
Unimin to buy shale sand supplier Fairmount in cash-and-stock deal
Fairmount Santrol Holdings Inc said on Tuesday it would sell itself to Unimin Corp in a cash-and-stock deal to create one of the largest suppliers of sand for use in hydraulic fracturing to shale oil and gas producers...
HPCL deal: ONGC seeks data room access to fix acquisition price
State-owned Oil and Natural Gas Corp (ONGC) has sought access to a data room to help fix the price at which it can acquire government’s 51.11 percent stake in HPCL. India’s largest oil and gas producer has...
