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SHELL BP ACQUISITION
ONGC in talks to acquire PDVSA stakes in two Venezuela oilfieldsIndia's ONGC is in talks with Venezuela's PDVSA to acquire stakes in two oilfields, San Cristobal and Carabobo. This move hinges on ONGC se...- From uncertainty to discovery: Union Minister Hardeep Singh highlights India's 'data-first' strategy to unlock offshore energy wealthIn his posts on X, the Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri, highlighted that India is moving beyond blind explo...
- Shell denies it is in takeover talks with BPShell has refuted reports of takeover discussions with BP, emphasizing its focus on internal value capture through performance, discipline,...
- BP Shell merger: Is the biggest merger ever in oil and gas industry happening? Check market cap, debt, valuationBP was valued at nearly $80 billion on Wednesday with net debt of $27 billion while Shell's market capitalisation stood at more than $208 b...
- BP stock soars 7% as Shell eyes major takeover — could this be the biggest energy deal of the year?BP shares jumped 7% after news broke that BP is in early-stage talks with Shell for a possible acquisition. According to The Wall Street Jo...
- Shell looks to capitalise on BP's slide with potential bidAny final decision will likely depend on whether BP stock continues to slide, the people said. Shares of BP have already lost nearly a thir...
- Saudi Aramco weighs bid for BP’s Castrol lubricant assets, with special interest in $2.5 bn India armSaudi Aramco is considering bidding for BP’s Castrol lubricant assets, which could be worth around $10 billion. This acquisition would alig...
- As crude fades, Big Oil must borrow to pay investorsFour of the five supermajor oil companies are likely borrowing to fund $15 billion in share buybacks due to weakening crude prices and refi...
- ONGC weighs raising stakes in Russian oil despite Shell snubONGC, Bharat Petroleum, Indian Oil, and Oil India have also held preliminary discussions among themselves to evaluate buying BP's 20% stake...
- Shell to sell Russian retail and lubricants business to LukoilEnergy giant, Shell has announced the selling off its retail and lubricants business to Lukoil as the effect of the Russian invasion of Ukr...
- Shell launches major cost-cutting drive to prepare for energy transitionRoyal Dutch Shell is looking to slash up to 40 percent off the cost of producing oil and gas in a major drive to save cash so it can overha...
- Shell cuts dividend for first time since World War TwoShell also suspended the next tranche of its share buyback programme and said it was reducing oil and gas output by nearly a quarter after ...
- Essar Energy to exit Kenya Petroleum RefineriesEssar Energy will exit Kenya Refinery by selling its 50% stake to the government of the African nation for $5 million.
- Essar Energy hopes to double revenue in FY12Essar is implementing a turnaround plan for the refinery which it recently acquired in a $350-million deal from Shell.
- More M&As in pipeline after Cairn-Vedanta, BP-RIL dealsIndia’s energy sector is ripe for a wave of M&A deals following the government’s approval of the Cairn-Vedanta deal and BP-Reliance deal.
- BP at risk as share plunge fuels takeover speculationBP’s failure to stop an oil leak from spewing millions of gallons of crude into the Gulf of Mexico may leave the biggest oil and gas produc...
- Essar Oil picks 50 pc stake in Kenya-based refineryRuias-owned Essar Oil on Friday announced acquisition of 50 per cent stake in a 4 million tonnes oil refinery in Kenya.
- Essar Oil to buy 50% stake in Kenyan refineryEssar Oil is set to acquire a 50% stake in Kenya Petroleum Refinery (KPRL) in Mombasa.
- Russian roulette fails to scare BP bossesBP, Europe's second-largest oil company, reported a bigger-than-estimated increase in profit on record crude prices and vowed to “vigorousl...
- Areva's fresh bid takes wind out of Suzlon’s sailsShares of Suzlon Energy, which were up 4% in the morning, closed at Rs 1,019.7 (down 2.5%). The fall came after Areva, Suzlon’s rival for a...
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