Investors are not showing much interest in the sale of the government’s 53% stake in Bharat Petroleum Corp. Ltd (BPCL), which is expected to fetch the Centre around ₹45,000 crore. The privatization process could thus...
Vedanta’s BPCL acquisition cost under the lens
Metals-to-oil conglomerate Vedanta’s interest in buying Bharat Petroleum Corp Ltd (BPCL) is a natural progression towards downstream integration that will hedge its margins but there are doubts over its...
BPCL stake sale gets multiple bids; RIL, Aramco skip race
Global and domestic companies submitted expressions of interest (EoI) for the government’s stake in Bharat Petroleum Corp Ltd (BPCL) by the Monday deadline, said people with knowledge of the matter. “Strategic...
SAT dismisses RIL appeal against Sebi order seeking payment of Rs 447 cr
The Securities Appellate Tribunal (SAT) has dismissed Reliance Industries’ (RIL’s) plea challenging an order passed by the Securities and Exchange Board of India (Sebi) asking the company to return Rs 447 crore...
It looks ‘challenging’ to complete BPCL’s privatisation by March 2021: Official
A Bharat Petroleum Corp Ltd (BPCL) official said it’s looking ‘challenging’ to complete the company’s proposed privatisation by March 2021. While speaking at an analyst conference, BPCL’s...
BPCL Trust for Investment in Shares sells scrips worth Rs 1,489 cr in BPCL
The BPCL Trust for Investment in Shares on Wednesday offloaded shares worth over Rs 1,489 crore in Bharat Petroleum Corporation Ltd (BPCL) through an open market transaction. According to a block deal on the National...
Rosneft, Aramco unlikely to bid for Bharat Petroleum stake: Report
Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Indian refiner Bharat Petroleum Corp, sources familiar with the matter said, as low oil prices and weak demand curb their investment plans...
Oasis Petroleum files for bankruptcy as shale slump drags on
Oasis Petroleum Inc filed for Chapter 11 bankruptcy protection on Wednesday, the latest U.S. shale producer to seek court-aided restructuring as the energy industry reels under an unprecedented crash in oil prices due...
Government extends bid submission deadline for stake in Bharat Petroleum to September 30
The government has extended the deadline for inviting expressions of interest for its stake sale in Bharat Petroleum Corp Ltd to September 30. The two month extension is the third time the government has given more time...
Govt plans to sell Bharat Petroleum Corp stake in time-bound manner
The government on Thursday decided to go ahead with the privatisation of Bharat Petroleum Corporation (BPCL) in a time-bound manner. There were speculations that the deadline for submitting the expression of interest...
Total calls off plan to buy Occidental Petroleum’s Ghana assets
Total has called off a plan to acquire Occidental Petroleum’s assets in Ghana, which was conditional on the completion of the acquisition of Occidental’s other assets in Algeria, the French energy company said on Monday...
Occidental shareholders get first say on Anadarko deal with vote on Berkshire financing
Occidental Petroleum shareholders next month will get their first say on the oil company’s troubled acquisition of Anadarko Petroleum when they vote on issuing shares and warrants to Berkshire Hathaway for helping...
