Qatar Petroleum (QP) said on Sunday it had signed an agreement with Yara international to acquire its 25 percent stake in Qatar Fertiliser Company (QAFCO) for $1 billion, according to statements by both companies. The...
Govt invites preliminary bids for sale of its entire 52.98% stake in BPCL
In the country’s biggest ever privatisation drive, the government on Saturday invited bids for sale of its entire 52.98 per cent stake in India’s second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL)...
Japan’s Seven & i abandons $22 billion bid for Speedway gas stations in U.S.: source
Japanese retail group Seven & i Holdings has abandoned a bid for Marathon Petroleum Corp’s Speedway gas stations in the United States after balking at the price, which media reports had put at $22 billion, a source...
HPCL buys 17.28% stake in Petronet MHB for Rs 185 crore
Hindustan Petroleum Corp Ltd (HPCL) on Thursday said it has acquired 17.28 per cent stake in Petronet MHB Ltd, a firm that owns a petroleum product pipeline at Mangalore, for Rs 185.38 crore. HPCL and its parent, Oil...
BPCL disinvestment: Next significant capex after new investor steps in
As the central government looks to exit Bharat Petroleum Corporation (BPCL), a new investor will step in time for the company’s next significant capital expenditure (capex). Executives though add the timing is...
Australia’s Caltex receives competing takeover offer from Britain’s EG Group
Caltex Australia Ltd said on Wednesday that Britain’s EG Group has offered to buy the convenience store, petrol station and refinery firm, rivaling Canada’s Alimentation Couche-Tard Inc’s twice-improved A$8.80 billion...
Woodside holds on to stake in Senegal oil field as FAR challenge fails
ConocoPhillips’ (COP.N) sale of a stake in a $4.2 billion Senegal oil and gas project to Woodside Petroleum (WPL.AX) has been cleared by an international tribunal, resolving a long-running challenge by Australian...
BPCL stakes sale: Govt to issue expression of interest in next few days
The government will come out with the expression of Interest (EoI) inviting bidders for privatisation of BPCL within few days, a senior official said on Sunday. The Cabinet in November had cleared strategic sale of oil...
Shell-Gazprom Neft JV gets West Siberia license
Shell and Russia’s Gazprom Neft have expanded their Russian joint venture by acquiring a license for exploration and production of conventional hydrocarbon reserves in West Siberia, the two companies said on Friday. The...
BPCL stake sale shows govt’s change of track on disinvestment, says CEA
Chief Economic Advisor Krishnamurthy Subramanian on Tuesday said the disinvestment of a profitable company like BPCL reflects a change in the way government views disinvestment and privatization. “So far...
Woodside would consider increasing stake in Senegal oil field: CEO
Woodside Petroleum would consider increasing its equity stake in the Sangomar oil project off Senegal if any of its partners looked to sell down their stake, Chief Executive Peter Coleman said on Tuesday. Coleman told...
Occidental seeks up to $700 million for Anadarko assets in Wyoming, Colorado – sources
Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado that it acquired when it purchased Anadarko Petroleum, hoping the assets will fetch up to $700 million, according to people...
