Chevron Corp (CVX.N), the second-largest U.S.-based oil producer, is exploring the sale of its 20 percent stake in Canada’s Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people...
YPF among bidders for Shell’s Argentina refinery: sources
Argentina’s state-run oil company YPF SA is among the bidders for Royal Dutch Shell Plc’s refinery and network of gasoline stations in Argentina, according to two people familiar with the process. Other nationally...
IndianOil to invest Rs 20,000 crore in pipeline network
State-run Indian Oil Corporation is planning to invest at least Rs 20,000 crore to add a 25-million-tonne (mt) pipeline. The project will cover 20 projects in the next four years. “We are looking to increase our...
Rosneft-led deal to buy Essar delayed, seen closing in April
The acquisition of Indian refiner Essar Oil by a consortium led by Russian oil company Rosneft is expected to be completed in the next few weeks, Essar said in written comments to Reuters on Friday. “The parties are...
Venezuela’s cash-strapped PDVSA offers Rosneft oil stake – sources
Venezuelan state oil company PDVSA has offered Russian counterpart Rosneft a stake in a joint venture in the country’s Orinoco Belt extra-heavy crude area, five industry sources said, in a sign of the Latin...
Shell sells Canadian oil sands, ties bonuses to emissions cuts
Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $8.5 billion, the latest international oil major to withdraw from the costly and carbon-heavy projects. Shell is trying to sell assets...
Engie seeks to sell entire stake in Petronet LNG
France’s Engie SA plans to sell its entire 10% holding in India’s biggest importer of liquefied natural gas. GDF International, an Engie unit, has written to the four Indian state-owned companies that together own half...
Maersk could land Danish North Sea oil deal within days: sources
Oil and shipping conglomerate A.P Moller-Maersk could land a deal with the Danish government on oil and gas operations in the North Sea within days, political sources with knowledge of the negotiations told Reuters on...
Cabinet approves deal with ADNOC for strategic oil storage
India has approved a deal for Abu Dhabi National Oil Co (ADNOC) to fill part of a strategic oil storage facility, the government said on Monday. India imports most of its oil needs and ADNOC will supply about 6 million...
Total in talks to buy Iranian LNG project: sources
Total (TOTF.PA) is in talks to buy a multi-billion dollar stake in Iran’s partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves. The French oil major — the...
Saudi Aramco to invest $7 billion in Petronas’ RAPID oil refinery
Malaysia’s Prime Minister Najib Razak announced on Monday that Saudi Arabia’s state oil company Saudi Aramco will invest $7 billion in an oil refinery and petrochemical project in Malaysia’s southern...
China state firm in preliminary deal to buy Chevron’s Bangladesh gas fields – oil executives
China’s state-run Zhenhua Oil has signed a preliminary deal with Chevron (CVX.N) to buy the U.S. oil major’s natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil...
