Rosneft CEO Igor Sechin told shareholders in its annual meeting on Thursday that the $13 billion take-over of Essar Oil is now considered closed, after final clearance given by the Indian company’s lenders.
Australia-based mining giant Rio Tinto has selected Yancoal as preferred buyer of its Coal & Allied Industries unit for up to $2.45 billion, rejecting a counterbid launched by Glencore for its Australian unit.
India’s largest private sector company, Reliance Industries Limited (RIL), and British oil major BP announced Thursday they will bring new gas production for India by developing already-discovered deepwater gas fields, Kallanish Energy learns.
Oil supermajor ExxonMobil announced on Wednesday a successful production test results in Papua New Guinea, supporting its plans for a multiple-train liquefied natural gas (LNG) expansion on its PNG LNG-operated project.
Australian natural gas producer Cooper Energy said on Wednesday there’s no gas supply shortage in the country, despite the government’s planned intervention to tackle domestic supply constraints, Kallanish Energy learns.
Switzerland-based mining company Glencore has launched a bid to acquire Rio Tinto’s coal assets in Australia, challenging a takeover offer made by the Chinese government-controlled Yancoal Australia in January.
French energy company Engie is reportedly seeking some 33 billion rupees ($512 million) in a 10% stake at India’s largest importer of liquefied natural gas (LNG), Petronet LNG, as part of its divestment plan.
The Philippines is seeking to build a $2 billion liquefied natural gas (LNG) import facility by 2020 to help the country to meet is fast-growing economy and power demand, energy secretary Alfonso Cusi said this week.