Oil and gas giant Santos said it had amended the terms of sale of its 2.6% stake in PNG liquefied natural gas (LNG) project to Kumul Petroleum, allowing the Papua New Guinea state-owned firm additional time to pay the...
Papua New Guinea in advanced talks with Chinese banks to fund its stakes in LNG megaprojects
Papua New Guinea’s state-owned petroleum company is in advanced talks with Chinese banks to help fund its stakes in the two major liquefied natural gas (LNG) projects in the country, a senior executive said on...
Occidental in talks to buy Permian producer CrownRock – source
Occidental Petroleum is one of the finalists in the auction for CrownRock, an energy producer in the west Texas area of the Permian basin, with a bid of more than $10 billion, a person familiar with the matter told...
Singapore’s BW LPG to invest $30 mln in JV with Confidence Petroleum India
Singapore-based BW LPG will invest $30 million in Confidence Petroleum India through preferential allotment of shares, and form a joint venture to develop LPG import infrastructure, the companies said on Thursday. The...
Australia’s Santos sells nearly 3% stake in PNG LNG project for $736 mln
Australia’s Santos Ltd finalised the initial sale of a 2.6% stake in its PNG liquefied natural gas (LNG) project to Papua New Guinea state-owned Kumul Petroleum for $736 million. Under the deal, Kumul will buy the...
Reliance Industrial Investments becomes RIL promoter, buys 3.56% in Petroleum Trust
Reliance Industrial Investments and Holdings Limited (RIIHL) has become the promoter entity of Reliance Industries Limited, following the acquisition of a 3.56% stake in Petroleum Trust, another promoter entity...
Pakistan Refinery Limited, Air Link look to buy Shell Pakistan stake
State-owned Pakistan Refinery Limited and Air Link Communication, a local firm, are seeking to buy a stake in Shell Pakistan, the companies said in a notice to the stock exchange. Last month, Shell Petroleum...
Warren Buffett says Berkshire not planning to buy Occidental Petroleum
Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire’s annual...
Callon Petroleum buys Permian asset for $475 mln, exits Eagle Ford
Callon Petroleum Co said it has agreed to acquire Permian basin-based Percussion Petroleum Operating II Llc in a cash-and-stock deal valued at about $475 million to strengthen its portfolio in the lucrative U.S. shale...
Norway’s Seadrill to buy UK’s Aquadrill in all-stock deal
Norwegian offshore driller Seadrill Ltd has entered into an agreement to buy Aquadrill LLC in an all-stock deal that values the British firm at $958 million, the companies said on Friday. As part of the deal, the...
Sinopec agrees deals with INEOS, sells stake at Shanghai plant for $1.56 bln
China’s Sinopec Corp announced a string of deals with UK-based chemical and energy group INEOS including the sale of a 50% stake in Shanghai SECCO Petrochemical for 10.5 billion yuan ($1.56 billion). The Chinese...
Poland’s PKN Orlen agrees deal with Treasury regarding takover of Grupa Lotos
Polish refiner PKN Orlen signed an agreement with the treasury in relation to its planned merger with Grupa Lotos, the company said on Wednesday. “We have signed an important agreement with @MAPGOVPL (Ministry Of...
