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...
Australia’s Woodside Petroleum to exit Canada’s Kitimat LNG project
Australia’s Woodside Petroleum Ltd said on Tuesday it would sell its 50% interest in the proposed Kitimat liquefied natural gas (LNG) development project in Canada and expect a hit of about $40 million to $60 million in...
Vedanta to raise $8 bn for BPCL bid
Billionaire Anil Agarwal’s Vedanta group plans to raise as much as $8 billion through a mix of debt and equity to secure funds for the acquisition of state-run Bharat Petroleum Corp. Ltd (BPCL), two people directly...
Britain’s EG Group buys OMV’s German petrol-station network
British petrol-station operator EG Group has agreed to buy Austrian oil and gas company OMV’s network of 285 petrol stations in southern Germany for 485 million euros ($589 million), OMV said on Monday. OMV had put the...
Equinor buys 49% stake in Russian oil venture from Rosneft
Equinor has agreed to buy a 49% interest in Russian onshore petroleum assets from Rosneft for $550 million, the Norwegian oil company said on Friday. The payment is for a stake in limited liability company LLC...
