Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire’s annual...
Callon Petroleum buys Permian asset for $475 mln, exits Eagle Ford
Callon Petroleum Co said it has agreed to acquire Permian basin-based Percussion Petroleum Operating II Llc in a cash-and-stock deal valued at about $475 million to strengthen its portfolio in the lucrative U.S. shale...
Norway’s Seadrill to buy UK’s Aquadrill in all-stock deal
Norwegian offshore driller Seadrill Ltd has entered into an agreement to buy Aquadrill LLC in an all-stock deal that values the British firm at $958 million, the companies said on Friday. As part of the deal, the...
Sinopec agrees deals with INEOS, sells stake at Shanghai plant for $1.56 bln
China’s Sinopec Corp announced a string of deals with UK-based chemical and energy group INEOS including the sale of a 50% stake in Shanghai SECCO Petrochemical for 10.5 billion yuan ($1.56 billion). The Chinese...
Poland’s PKN Orlen agrees deal with Treasury regarding takover of Grupa Lotos
Polish refiner PKN Orlen signed an agreement with the treasury in relation to its planned merger with Grupa Lotos, the company said on Wednesday. “We have signed an important agreement with @MAPGOVPL (Ministry Of...
Shell says its Nigeria asset sale not affected by court ruling
Shell Plc has said its planned sale of onshore assets in Nigeria will go ahead and was not affected by a Supreme Court ruling in a case in which a Niger Delta community is seeking compensation for a 2019 oil spill...
TotalEnergies launches sale of stake in Nigerian oil joint venture
TotalEnergies has launched the sale of its 10% stake in Nigerian joint venture SPDC, with Canada’s Scotiabank leading the sale as a financial adviser, a sale document tendering for interest showed. TotalEnergies...
Woodside shareholders approve BHP petroleum merger
Shareholders in Woodside Petroleum approved a merger with BHP Group’s petroleum arm to create a top 10 global independent oil and gas producer worth $40 billion, according to proxy votes shown at the...
Berkshire buys more Occidental shares, boosts stake to 15.2%
Warren Buffett’s Berkshire Hathaway Inc has bought another 5.9 million shares of Occidental Petroleum Corp, boosting its stake in the oil company to about 15.2%. The purchases were made on Monday and Tuesday and...
BPCL disinvestment: Top India asset sale delayed as suitors strive for partners
India’s plan to privatise Bharat Petroleum Corp. has run into rough weather with bidders struggling to find partners and spread their financial risks, according to people familiar with the matter. The three suitors...
Govt intends to complete BPCL disinvestment by March-end: Company chairman
The disinvestment of Bharat Petroleum Corporation (BPCL) is intended to be completed by March 2022 according to company Chairman, Arun Kumar Singh. Speaking at a press conference after the Annual General Meeting of the...
Qatar Petroleum hires banks for four-tranche jumbo bond sale
Qatar Petroleum has hired a group of banks to arrange a four-tranche issuance of U.S. dollar-denominated bonds, a document showed, for what will be its debut public bond sale months after it signed a contract to boost...
