Petronet LNG LtdBSE -2.09 % has dropped plans to buy 25 percent stake in GSPC’s almost-complete Rs 4,500-crore Mundra LNG import terminal in Gujarat to allow its promoter IOCBSE -1.84 % to pick a larger stake, a...
Saudi Aramco signs engineering and construction deals worth $4.5 billion
Saudi Aramco signed agreements on Thursday worth $4.5 billion with firms from Europe, the United States, China and the United Arab Emirates for work on a range of oil and gas development projects, mostly aimed at...
India set to buy 49% in Russia oilfield by Feb
A consortium of Indian companies led by ONGC Videsh (OVL) is likely to acquire a 49 percent stake in Russia’s Vankor cluster oilfields owned by Rosneft by February 2018. While OVL, a fully-owned subsidiary of state-run...
Brazil’s Petrobras announces African oil venture stake sale
Brazil’s state-run oil company, Petróleo Brasileiro SA (PETR4.SA), on Tuesday revealed plans to sell its stake in an African oil exploration venture as part of a wider divestment plan. Petrobras, as the company is...
Government to give 60 per cent stake in ONGC fields to private firms
Nearly 25 years after ONGCBSE 2.43 %’s prime discovered oilfields were privatised, the oil ministry has identified 11 more producing oil and gas fields of the state-run firm for handing over to private firms to...
ONGC seeking oil assets in other regions amid Iran gas row
ONGC Videsh has turned its focus to buying stakes in overseas producing oil and gas assets to meet output targets after a delay by Iran in awarding development rights for a gas field, its managing director said on...
Dipam keeps ball rolling for HPCL stake sale
The Department of Investment and Public Asset Management (Dipam) has kicked off the process of sale of government stake in Hindustan Petroleum Corporation (HPCL) by appointing consultants and sending an information...
IL&FS to sell Fujairah oil terminal as prospects wane
The diplomatic standoff between the UAE and Qatar has put IL&FS’s Middle East-based maritime infrastructure operations on slippery grounds. The infrastructure finance company is exploring a sale of its oil storage...
Engie, Mubadala, Pátria among groups vying for Petrobras Brazil gas pipeline
French energy company Engie SA (ENGIE.PA) and Brazilian investment firm Pátria Investimentos Ltda are among 20 groups interested in a controlling stake in a gas pipeline network owned by Petroleo Brasileiro SA, four...
HPCL may buy MRPL in share-swap deal
Hindustan Petroleum Corp Ltd (HPCL) is likely to acquire Mangalore Refinery and Petrochemicals (MRPL) in a share-swap deal to become India’s second-largest oil refiner. The merger is likely to take place after...
Adani Gas in talks to raise around $250 million through bond issuance
Adani Gas Ltd, the city gas distribution business of Gautam Adani-led Adani Enterprises Ltd, is planning to raise money by selling dollar bonds, two people aware of the development said. Adani Gas supplies piped natural...
‘Not talking to Chinese or others’ about stake sale, says Saudi Aramco CEO
Saudi Aramco’s initial public offering will take place in 2018 as planned and the listing venue will be revealed in due course, the company’s chief executive said in a CNBC interview broadcast on Monday...
