Brazil’s state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) is considering divesting up to $15 billion within the next few years, one person with knowledge of the matter said on Thursday. The total...
Anadarko to sell pipeline, storage assets for $4 billion
Oil and gas producer Anadarko Petroleum Corp said on Thursday it would sell nearly all of its midstream assets, including pipelines, to its master limited partnership Western Gas Partners for $4.02 billion. The company...
Parkland Fuel to buy 75 pct in fuel marketer SOL Investments for C$1.57 billion
Parkland Fuel Corp (PKI.TO), a Canada-based marketer of petroleum products, said on Wednesday it would buy a 75 percent stake in privately held SOL Investments Ltd for C$1.57 billion ($1.21 billion), to expand further...
HPCL to raise ₹28,000 crore for Rajasthan unit
Hindustan Petroleum Corporation Ltd’s (HPCL) long-delayed refinery and petrochemicals complex in Rajasthan is finally taking shape. India’s third-largest state-run refiner will shortly raise ₹28,000 crore in debt from a...
HPCL plans to invest ₹ 1,000 crore for LPG cavern in Mangaluru
State-run oil marketing company Hindustan Petroleum Corp. Ltd (HPCL) is planning to build an underground liquefied petroleum gas (LPG) storage facility in Mangaluru, said a top company executive. “We are reviewing the...
Indian Oil seeks nod to raise ₹20,000 crore through private placement of debentures
Indian Oil Corp. Ltd, the country’s largest oil marketing company, has sought shareholder approval to raise up to ₹20,000 crore through a private placement of debentures in 2018-19, said two people aware of the...
HPCL to raise ₹ 12,000 crore via NCDs, bonds
State-run Hindustan Petroleum Corp. Ltd (HPCL) has sought shareholder nod to borrow as much as ₹ 12,000 crore by selling debentures and bonds, according to its FY18 annual report. “Approval of the members of the company...
HPCL, MRPL boards set to take up the proposal for merger by August
The boards of Mangalore Refineries and Petrochemicals (MRPL) and Hindustan Petroleum Corporation (HPCL) are set to take up the proposal for merger of the two companies by August. After the acquisition of majority stake...
Australia’s Woolworths says BP will not buy its petrol stations
Australian retailer Woolworths Group (WOW.AX) on Thursday said BP PLC’s (BP.L) Australian unit would not continue with the purchase of Woolworths’ petrol business which was announced in December 2016. Australia’s...
Glencore, four others interested in Hellenic Petroleum sale
Greece has received five expressions of interest for a majority stake in its biggest oil refiner Hellenic Petroleum (HEPr.AT), the country’s privatizations agency said on Wednesday. Greece last month launched a tender...
Marathon to become top U.S. refiner with $23 billion Andeavor buy
Marathon Petroleum Corp (MPC.N) agreed to buy rival Andeavor (ANDV.N) for more than $23 billion in a deal creating one of the largest global refiners that will benefit from access to booming U.S. shale fields and...
Eni sells 10 percent of Egypt’s Shorouk concession to Mubadala Petroleum
Italian oil company Eni (ENI.MI) said on Sunday it would sell a 10 percent stake in the Shorouk concession in Egypt’s Zohr gas field to Mubadala Petroleum of the United Arab Emirates for $934 million. Eni currently...
