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...
BPCL stake sale may lead to reassessment of govt-OMC link: Ind-Ra
The potential sale of entire government stake in Bharat Petroleum Corp Ltd (BPCL) could result in a reassessment of linkages between the government and oil marketing companies, Fitch group firm India Ratings and...
Two-phased strategic disinvestment for BPCL likely
The government may consider two-phased disinvestment for public sector oil refiner and retailer Bharat Petroleum Corporation Ltd (BPCL), if the initial strategic sale of the entire 53.29% government stake in the company...
Marathon Petroleum to change CEO, split company after hedge fund campaign
Marathon Petroleum Corp chief Gary Heminger will leave next year, the largest U.S. independent refiner said on Thursday, adding it would launch a sweeping restructuring demanded by activist investors, including the...
Marathon Petroleum mulls selling two refineries: Bloomberg
U.S. refiner Marathon Petroleum Corp, which is under pressure from activist investor Elliott Management Corp, is considering the sale of two plants in Alaska and Utah, Bloomberg reported, citing people familiar with the...
Global energy giants line up for BPCL sale
Saudi Aramco, Rosneft, Kuwait Petroleum, ExxonMobil, Shell, Total SA and Abu Dhabi National Oil Co. are among companies that have had conversations with the government on asset sales and are likely to bid for the...
Cabinet likely to take up Bharat Petroleum stake sale issue by October-end
The Union Cabinet is likely to take up the stake sale of Bharat Petroleum Corporation (BPCL) by the end of this month. The government is expected to sell its entire 53.29 per cent in BPCL within this financial year. The...
Privatisation plan of BPCL will need a prior nod of Parliament: Officials
The government is considering a proposal to sell India’s second-largest state refiner and fuel retailer BPCL to foreign and private firms but the privatisation plan will need a prior nod of Parliament, officials...
Paulson’s hedge fund calls on Callon to drop merger, sell itself
Billionaire investor John Paulson’s hedge fund on Monday urged Callon Petroleum Co to drop its proposed $3.2 billion acquisition of Carrizo Oil & Gas Inc, and instead consider selling itself. Paulson & Co funds...
