Oil producer EnQuest Plc (ENQ.L) said it ended talks with Israeli conglomerate Delek Group Ltd (DLEKG.TA) regarding a potential stake sale in an oilfield in the North Sea. The companies said in July they were in talks...
IndianOil’s stake in proposed refinery tied to entry of strategic partner
State-owned Indian Oil Corporation might hold 50 per cent in a refinery being planned on the west coast if Saudi Arabia and Kuwait do not take up the offer of an equity stake. India has offered Saudi Arabia and Kuwait...
Castrol India says not aware of any stake sale by BP unit
MUMBAI: Castrol India LtdBSE 0.23 % said on Friday it was not aware of any stake sale in the company by Castrol LtdBSE 0.23 %, a unit of oil major BP Plc, and said recent news reports that such a transaction would take...
OMCs shut biodiesel joint ventures due to lack of commercial viability
Mumbai: Once touted as the fuel of the future, biodiesel, extracted from jatropha seeds, has lost its sheen for oil marketing companies. Due to lack of availability and commercial viability, the three oil marketing...
ConocoPhillips hits snag in Senegal deepwater stake sale to Woodside
ConocoPhillips’ plan to sell its stake in an oil find off Senegal to Woodside Petroleum hit a speed-bump on Tuesday as a junior partner attempted to buy time to pre-empt the deal at the same time it announced an...
Japan’s Idemitsu defends Showa Shell merger opposed by founding family
* Idemitsu says no change in schedule of planned merger * Founding family seeking to block merger * Idemitsu to seek discussions with big shareholders (Adds company comment, context; fixes slug) TOKYO, Aug 15...
Idemitsu family bought shares in Showa Shell to block takeover -lawyer
The founding family of Idemitsu Kosan Co has bought 400,000 shares in Showa Shell Sekiyu KK, enough to be able to force a tender offer bid for its rival, in the hope of blocking management’s takeover plan, the...
Petrobras to decide on stake sale in fuel unit this month
Petróleo Brasileiro SA will decide the structure of a stake sale in fuel distribution unit BR Distribuidora SA before the end of the month, a sign that Brazil’s state-controlled oil producer is trying to speed up...
Indian Oil, BPCL and HPCL may hold 51% stake in Maharashtra refinery
Mumbai: Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) may jointly hold a 51% stake in a large refinery and petrochemical complex proposed to come up in coastal...
Idemitsu passed over concerns of founder’s son to Showa Shell merger -lawyer
Idemitsu Kosan Co passed over concerns that the son of its founder raised privately about plans for Japan’s second-biggest refiner to merge with smaller rival Showa Shell, his lawyer told Reuters in an interview...
PBF Energy completes acquisition of Torrance Refinery
PBF Energy Inc * PBF Energy completes acquisition of Torrance Refinery and related logistics assets * Says with an acquisition, PBF increased its total throughput capacity to approximately 900,000 barrels per day Source...
IPIC’s 1MDB row likely driver for Mubadala merger
* Mubadala and IPIC merger lauded * Oil also cited as a possible reason * Bond spreads expected to converge By Michael Turner and Robert Hogg LONDON, June 29 (IFR) – The potential merger of Abu Dhabi state funds...
