Mumbai: Houghton International Inc., a subsidiary of Hinduja Group-owned Gulf Oil International Ltd, has acquired Wallover Enterprises, an Ohio-headquartered lubricant maker, for an undisclosed amount. The acquisition...
IOC refuses stake sale offer in Nagarjuna Oil project
NEW DELHI: Indian Oil Corporation has rejected an offer to buy a stake in a project of the financially-stressed Nagarjuna Oil Refinery and help resurrect it, arguing that the project’s technical configuration and...
State-run oil firms looking to buy stake in Rosneft: Dharmendra Pradhan
NEW DELHI: Indian state oil firms may buy a stake in Russian oil major Rosneft, oil minister Dharmendra Pradhan said, signaling a move that would hoist the country’s overseas energy portfolio to a new high as the...
Led by ONGC Videsh, Indian oil companies mull buying stake in Rosneft
NEW DELHI: Indian oil firms led by ONGC Videsh Ltd are mulling buying a part of the $11 billion stake that Russia is selling in its biggest oil firm Rosneft, Petroleum Minister Dharmendra Pradhan said today. Russia is...
OIL-led consortium inks deal for 24% stake in Vankor oil field
NEW DELHI: A consortium led by Oil IndiaBSE 0.10 % has signed an agreement to acquire 23.9 percent stake in Russia’s second biggest oil field of Vankor from Rosneft. The deal is valued at $2 billion. The stake...
7 merchant bankers bid to manage OIL stake sale
A many as 7 merchant bankers, including Citi Group Global and Deutsche Equities, have evinced interest in managing the government’s 10% stake sale in Oil India, which could fetch about Rs 2,000 crore. The...
IOC-led consortium to buy 24% stake in Vankor oil field
NEW DELHI: India and Russia have signed major Sales Purchase Agreement for acquisition of 23.9 per cent stake in Vankor oil block by an Indian Consortium of Oil India Ltd., Indian OilBSE -0.54 % and Bharat Petro...
Mexico’s Pemex to seek oil firm tie-up in Trion field
Mexican state oil firm Pemex will present to its board this week its first possible deep-water tie-up with oil firms in the Trion field, according to people familiar with the matter, another major step in the opening up...
Shell to exit up to 10 countries after BG acquisition
Royal Dutch Shell said it will sell up to 10 percent of its oil and gas production, leaving up to 10 countries after its $54 billion acquisition of BG Group. Presenting its strategy outlook, Shell plans to keep annual...
Schlumberger acquires Omron Oilfield and Marine Inc
Schlumberger acquires Omron Oilfield And Marine Inc Further company coverage:
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Indian Oil, Oil India & Bharat Petroleum to buy Russian oil field for $1.3 billion
Indian Oil Corp, Oil India and Bharat Petroleumtoday signed an agreement to buy stakes in Russia’s Taas-Yuriakh oil field in East Siberia for about $1.3 billion (about Rs 8,750 crore). The three firms will equally...
IOC to invest Rs 21,000 crore to upgrade fuel quality
NEW DELHI: State-owned Indian Oil Corp (IOC) will invest Rs 21,000 crore in upgrading six refineries to produce Euro-VI grade petrol and diesel by April 2020, its Director (Refineries) Sanjiv Singh said today. The...
