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...
Indian Oil to invest Rs15,750 crore to grow pipeline network
State-owned Indian Oil Corp. Ltd is set to invest heavily in logistics that will see the bulk of its petroleum product transport go off roads and railway lines into long-distance pipelines. Chairman B. Ashok said Indian...
Bharat Petroleum plans to raise Rs 2,000 crore
State-run oil marketing company Bharat Petroleum Corporation Ltd (BPCL) on Friday said that it plans to raise up to Rs 2,000 crore through private placement of secured non-convertible debentures during the current...
Shell looking to sell stake in Danish venture: banking sources
Royal Dutch Shell is seeking to sell its stake in the Danish Underground Consortium (DUC), an offshore oil and gas joint venture, in what would mark the company’s effective exit from Denmark, three banking sources...
Shell says renegotiating Permian JV with Anadarko
Royal Dutch Shell (RDSa.L) and Anadarko Petroleum (APC.N) are renegotiating their five-year-old joint venture in the Permian shale basin in Texas, Shell Chief Financial Officer Simon Henry said on Thursday. The 50-50 JV...
Budget 2017: Arun Jaitley proposes plan to merge state firms to create global oil major
India may be on its way to having its own hydrocarbon behemoth that can take far more risks than individual oil companies can at present and make larger investment decisions. The aspiration is to create an entity on the...
Shell agrees to UK North Sea, Thai asset sales worth $4.7 billion
Royal Dutch Shell (RDSa.L) announced two divestments on Tuesday worth $4.7 billion including selling a chunk of its North Sea assets to private-equity backed Chrysaor which will now become a top three oil and gas...
Rosneft purchase leads $82 billion spree by sovereign investors in 2016
Qatar’s purchase of a stake in Russian oil company Rosneft last month crowned a year of mega-acquisitions by sovereign investors in 2016, with total deal value rising 22 percent to $82 billion whilst the number of...
