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...
Anadarko shareholders go for the cash in $38 billion Occidental buyout
Shareholders of Anadarko Petroleum Corp (APC.N) on Thursday voted overwhelmingly to sell the company for $38 billion to rival Occidental Petroleum Corp (OXY.N), ending a short-lived contest that pitted two of the most...
Qatar Petroleum buys stake in Total’s Guyana assets
Qatar Petroleum said on Monday it had agreed a deal with Total (TOTF.PA) to acquire a stake in the French energy giant’s two oil and gas blocks offshore Guyana. Qatar Petroleum said it will hold 40% of Total’s 25%...
HPCL refuses to recognise ONGC as promoter, 18 months after merger
Hindustan Petroleum Corp Ltd (HPCL) has for the last one-and-half-years refused to recognise its majority shareholder ONGC as a promoter, according to stock exchange filings. Oil and Natural Gas Corp (ONGC) in January...
Occidental to sell parts of Anadarko after debt-fueled acquisition
Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum. It also quadrupled its debt – to $40 billion...
