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...
Suncor says higher oil prices mean energy M&A window is closing
Suncor Energy Inc (SU.TO), Canada’s largest oil and gas producer, said on Thursday that higher oil prices mean the window for mergers and acquisitions is closing and the company is unlikely to do major deals in...
GE in discussion with Baker Hughes on potential partnerships
General Electric Co (GE.N) said on Thursday it was in discussion with the No. 3 oilfield services provider Baker Hughes Inc (BHI.N) on potential partnerships. “While nothing is concluded, none of these options...
Akastor sells Fjords to NOV in NOK 1.2 bln deal
Akastor Asa * Agrees to sell Fjords Processing to National Oilwell Varco for NOK 1.2 billion ($145.04 million) on debt- and cash-free basis * Fjords is a global leader in complete process support systems for gas, oil...
Foreign firms lead in asset purchase after Essar Oil buy
With Russian oil major Rosneft’s acquisition of Essar Oil and related assets for a staggering Rs 86,000 crore, foreign companies are now leading in acquiring the assets of debt-heavy Indian companies. Since 2011...
Essar Oil sells 98% to Rosneft, Trafigura and UCP
Mumbai/Ahmedabad: Ruia’s promoted Essar Oil on Saturday sealed a deal with Russia’s Rosneft, United Capital Partners and Trafigura Group Pte. to sell 98% in its most priced asset, the 20 million tons per annum Vadinar...
Shell says still committed to Showa Shell stake sale
Royal Dutch Shell (RDSa.L) said it remained fully committed to selling the majority of its stake in Japanese venture Showa Shell (5002.T) to refiner Idemitsu (5019.T) after the two Japanese entities announced a delay of...
Idemitsu, Showa Shell delay merger amid opposition
Japanese refiners Idemitsu Kosan Co Ltd and Showa Shell Sekiyu said on Thursday they were delaying their planned merger indefinitely, citing a lack of progress in talks with some stakeholders over the deal. They had...
