It may be time for a baby boom in U.S. oil. Rising crude prices and a deregulatory push in Washington may spur as many as 40 companies to hold initial public offerings over the next two years, potentially tripling...
Brazil’s Petrobras sells stake in ethanol company Guarani for $202 million
Brazil’s state-run oil company Petroleo Brasileiro SA said on Wednesday it had sold its stake in the ethanol company Guarani for $202 million to France’s biggest sugar group Tereos [TEREO.UL]. Petrobras...
Australia’s Woolworths sells petrol chain to BP for $1.3 billion
Australia’s top grocer Woolworths Ltd (WOW.AX) said on Wednesday it will sell its chain of petrol stations to BP plc (BP.L) for A$1.8 billion ($1.3 billion), the latest disposal in a bid to return the...
BP takes Abu Dhabi oil field stake for $2.2 billion in stock
BP Plc cemented its 77-year relationship with Abu Dhabi by swapping about $2.2 billion of its own shares for a stake in one of the emirate’s largest onshore oil concessions. The UK’s second-biggest oil group will issue...
Japan’s Idemitsu to buy 33 percent of Showa Shell by year-end: Nikkei
Japanese refiner Idemitsu Kosan Co (5019.T) will acquire one-third of Showa Shell (5002.T) by the end of the year, and the anti-monopoly watchdog is expected to approve their merger proposal as early as next week, the...
BP-RIL tie-up likely for fuel retail venture
Oil giant BP Plc. may join hands with Reliance Industries Ltd (RIL) to launch its fuel retail business in India, two people in the know said. BP is RIL’s partner in its exploration and production, and gas sourcing...
Shell considering selling its Iraq oil assets: sources
Royal Dutch Shell (RDSa.L) is considering selling out of its oil fields in Iraq as part of its global $30 billion asset disposal program, industry sources said on Monday. Shell is seeking to slim down its vast oil and...
Baytex buying northern Alberta heavy oil assets for C$65 million
Mid-sized Canadian oil producer Baytex Energy Corp has agreed to buy heavy oil production assets in the Peace River region of northern Alberta in a deal worth C$65 million ($48.35 million), the company said on Tuesday...
Tesoro to buy Western Refining for about $4.1 billion
U.S. oil refiner Tesoro Corp (TSO.N) said on Thursday it would buy Western Refining Inc (WNR.N) for $4.1 billion to add refineries in Texas, New Mexico, and Minnesota. The combined company will have a refining capacity...
Oil India, BPCL to issue bonds for Russian buy
Mumbai: Overseas units of state-run Oil India Ltd and Bharat Petroleum Corp. Ltd (BPCL) will sell bonds in a few months to raise as much as $750 million to fund their Russian acquisitions, two people aware of the...
Rosneft state owner may help Rosneft with funds for buyback – sources
Rosneftegaz [ROSNG.UL], the state holding company that controls Russian oil major Rosneft, is considering helping Rosneft finance the buyback of some of its shares in Rosneft, three sources with knowledge of the...
Russia signs decree to sell 19.5 percent Rosneft stake
Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft (ROSN.MM) in time for the proceeds to be received by the end of the year. The decree, signed...
