Top global miner BHP Billiton outlined plans to boost coal output by 8 percent over the next three years while slashing costs and said it would only consider premium, lowest-cost assets for any acquisitions. BHP...
Devon sells Texas land to Pioneer, undisclosed buyer for $858 million
U.S. shale oil producer Devon Energy Corp said on Wednesday it would sell Texas acreage to Pioneer Natural Resources Co and an undisclosed buyer for $858 million, as the pace of asset sales picks up on recovering oil...
Brazil’s Petrobras kicks off auction process to sell Liquigás
Brazil’s state-controlled oil company Petróleo Brasileiro SA has kicked off a competitive auction process to sell Liquigás Distribuidora SA, a subsidiary focused on the distribution and sale of liquefied natural...
Mexico’s Pemex to seek oil firm tie-up in Trion field
Mexican state oil firm Pemex will present to its board this week its first possible deep-water tie-up with oil firms in the Trion field, according to people familiar with the matter, another major step in the opening up...
Mumbai High Court reject appeal against RIL-RPL merger
The Bombay High Court today dismissed an appeal filed by two shareholders against the merger of Reliance Industries (RIL) and Reliance Petroleum (RPL). Division Bench led by Justice Bilal Nazki today dismissed the...
Confidence Petroleum equity shareholders to approve Scheme of Amalgamation & Arrangement
Confidence Petroleum India Ltd has informed BSE that pursuant to an Order made on May 08, 2009, the Hon’ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company...
RIL-RPL merger under RoC lens for Companies Act ‘violation’
The RoC letter, a copy of which is available with ET, said that a prima-facie reading of the complaint indicates a “possible violation of The Companies Act. The RoC letter dated April, 28, asked India’s...
IVL set to acquire strategic stake in Dhunseri Petrochem.
Indorama Ventures (IVL), the Bangkok-headquartered polyester producer founded by billionaire Indian-origin businessman Aloke Lohia, is close to acquiring a strategic majority stake in Kolkata-based Chandra Kumar...
