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...
Anadarko to sell certain Marcellus assets for $1.24 billion
Oil and gas producer Anadarko Petroleum Corp (APC.N) said it would sell certain natural gas assets in the Marcellus shale for about $1.24 billion to a unit of Alta Resources Development LLC. Anadarko, which bought Gulf...
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...
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...
Buckeye Partners buys half of marine terminal company for $1.15 billion
Buckeye Partners LP (BPL.N), which operates pipelines and other transportation and storage assets for liquid petroleum products, said it bought a 50 percent stake in a marine terminal company for $1.15 billion. Buckeye...
Mexico eases consortium rules for deep-water Trion joint venture with Pemex
Mexico’s oil regulator on Friday approved a more flexible bidding scheme for a highly anticipated upcoming auction that will pick a partner for national oil company Pemex to jointly develop its deep-water Trion...
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...
OVL to raise $900 mn bridge loan to finance Vankor buy.
ONGC Videsh Ltd (OVL) will raise a bridge loan of close to $900 million overseas to fund an acquisition of an additional 11 percent stake in Russia’s Vankor oilfield. OVL, the overseas arm of state-owned Oil and...
Australia’s Woolworths in takeover talks for its petrol business
Australia’s Woolworths Ltd said on Friday it is in talks with several potential buyers for its petrol business after receiving approaches for a deal said to be worth A$1.5 billion ($1.14 billion). Woolworths...
BP plc sells 8.53% stake in Castrol India, holds 51%
BP plc of the UK on Tuesday sold a further 8.53 per cent stake in its lubricant maker Castrol India to bring its shareholding down to 51 per cent. BP, which had in May sold 11.5 per cent shares in Castrol India, sold 4...
