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...
Occidental tweaks $38 billion Anadarko bid to remove shareholder vote
Occidental Petroleum Corp increased the cash component of its $38 billion bid to acquire Anadarko Petroleum Corp on Sunday, removing a requirement for any deal to receive the approval of Occidental’s shareholders. The...
Buffett’s Berkshire helps bankroll Occidental’s $38 billion bid for Anadarko
Warren Buffett’s Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp’s $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron...
Anadarko to pursue deal talks with Occidental Petroleum: sources
Anadarko Petroleum Corp, the U.S. oil and gas exploration and production company that agreed this month to sell itself to Chevron Corp for $33 billion, decided on Sunday to begin negotiations to sell itself to...
Petrobras reopens bidding for pipeline network TAG: sources
Brazil’s state-controlled oil company Petroleo Brasileiro SA on Tuesday relaunched the process to allow new bids for the TAG pipeline network, two people with knowledge of the matter said on Wednesday. Petrobras, as the...
Qatar Petroleum takes stake in Mozambique exploration block
Qatar Petroleum said on Monday it had struck a deal with Italy’s ENI to acquire a 25.5 percent participating interest in block A5A in the Angoche basin, offshore Mozambique. The agreement between state-owned Qatar...
BPCL seeks liquidation of Essar Steel
Bharat Petroleum Corp Ltd (BPCL) today sought the liquidation of the assets of Essar Steel India Ltd at a bankruptcy court. The public sector oil company objected to ArcelorMittal’s resolution plan, which, it said...
Marathon gives final offer to Galveston Bay refinery workers: sources
Marathon Petroleum Corp gave a final contract offer to the United Steelworkers union (USW) local representing workers at its Galveston Bay Refinery in Texas on Friday, said sources familiar with the negotiations. USW...
BPCL to raise $500 million from overseas bond sale
State-run Bharat Petroleum Corp. Ltd (BPCL) has hit the international bond market to raise as much as $500 million, said two investment bankers, requesting anonymity. BPCL, India’s second largest refiner and fuel...
Saudi Arabia, Reliance discuss joint venture in refinery, petchem projects
World’s largest oil exporter Saudi Arabia and richest Indian Mukesh Ambani-run Reliance Industries are discussing joint investment in petrochemicals and refinery projects, the Saudi Oil Minister Khalid al...
Brazil antitrust watchdog says looking at wider Petrobras refinery sales
Brazilian antitrust watchdog Cade will begin an investigation on Wednesday that may result in mandatory sales of refineries by state-controlled oil company Petroleo Brasileiro SA, Cade said in a statement. According to...
