Struggling commodities trader Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter...
RIL-BP to invest $1.5 billion to develop six satellite gas fields in KG-D6
Reliance Industries and its partner BP Plc of the UK will invest about $1.5 billion to bring to production six satellite gas discoveries in the flagging KG-D6 block by 2022. RIL-BP combine yesterday submitted to the...
Saudi Aramco in stake sale talks with Chinese investor – sources
Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed beyond its 2018 target, sources familiar with the matter said on Friday...
Reliance Industries exits all international oil and gas blocks
Reliance Industries (RIL) has sold all its conventional oil and gas exploration blocks outside India. During the July-September quarter, the company pulled out of the last two oil blocks it held in Myanmar, the company...
Shell buys NewMotion charging network in first electric vehicle deal
Royal Dutch Shell Plc has agreed to buy Netherlands-based NewMotion, the owner of one of Europe’s largest electric vehicle charging networks, marking the company’s first deal in electric mobility as demand for cleaner...
Cairn India to invest $4.6 bn in new oil & gas exploration projects
Cairn India, a unit of Vedanta Resources Plc, will invest about 300 billion rupees ($4.59 billion) in oil and gas exploration projects off the country’s east coast and in the onshore fields of Barmer in the west...
ONGC may sell IOC stake to LIC in block deal
State-owned ONGC is likely to sell some of its stake in IOC to institutional investors like LIC to part-fund its over Rs 34,000-crore acquisition of refiner Hindustan Petroleum Corporation Limited (HPCL). Oil and...
Australia’s WorleyParsons to buy AFW’s former oil & gas assets for $298 million
Australian engineering firm WorleyParsons Ltd (WOR.AX) said on Monday it would buy the former upstream oil and gas assets of Britain’s Amec Foster Wheeler Plc (AMFW.L) for 228 million pounds ($298.22 million), marking...
Saudi Aramco eyes joint venture deal in India by next year – CEO
State-run oil giant Saudi Aramco [IPO-ARMO.SE] is in talks with several Indian refiners and hopes to land a joint venture deal by next year, the company’s chief executive told Reuters on Sunday. Aramco, like other major...
RIL to sell off US shale gas asset for $126 million
Energy major Reliance IndustriesBSE 1.53 % on Friday said it has entered into an agreement for the sale of its assets in the “Marcellus Shale Play” of northern and central Pennsylvania. According to a BSE...
ONGC to go for bridge loan to fund HPCL deal
Oil and Natural Gas Corporation (ONGC) is likely to take a short-term bridge loan for about one year to fund the acquisition of the government’s stake in Hindustan Petroleum Corporation (HPCL). ONGC has already lined up...
Former head of Russian gas company Itera buys stake in New Stream
Igor Makarov, the former head of Russian gas company Itera, is wrapping up a deal to buy 50 percent of New Stream, the energy group said on Monday. Russia’s largest oil producer Rosneft (ROSN.MM) fully acquired Itera...
