Government to sell stake in oil business
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The Canadian government is getting out of the oil-and-gas business by selling off its stake in Petro-Canada for about $3.1 billion.
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MOSCOW -- Russian tax authorities on Friday scheduled the equivalent of a fire sale at what was once the nation&#39;s largest oil company, offering the main production facility at Yukos Oil for auction next month at a fraction of its value.
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Gazprom, Russia's gas monopoly, says it will bid in the $8.65bn government sale of the main production arm of embattled oil firm Yukos.
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When it comes to taking oil and natural gas from government land and waters, the oil companies are getting a good deal, says a congressional report.
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Russian gas monopoly Gazprom is to sell key oil subsidiary Gazpromneft in a move that may redraw the domestic petroleum industry.
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BHP Billiton, the world&#39;s biggest mining company, and Alcoa Inc. said they plan to sell shares in their metal-processing and distribution venture.
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Some of YUKOSâs assets will be sold through the Russian Federal Property Fund, the Justice Ministryâs Main Department in Moscow said on Tuesday.
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WASHINGTON, Oct. 30 (Bloomberg News) â Companies that lease tracts in the Gulf of Mexico in an oil and natural gas sale planned for March will pay higher federal royalties, the Minerals Management Service said Tuesday.
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MOSCOW : Russia&#39;s justice ministry announced plans to sell a part of the Yukos oil giant to cover the company&#39;s outstanding back taxes.
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The Polish government is preparing a plan to privatize the Warsaw Stock Exchange by selling shares exclusively to Polish companies, possibly in defiance of European Union rules that require equal treatment for all members of the bloc. In a little-noticed speech filled with patriotic themes, the treasury minister, Wojciech Jasinski, outlined a strategy last month to sell 49 percent of the governmentâs holdings to âPolish investorsâ in blocks of 5 percent to 10 percent. The government also intends to introduce rules to prevent companies listed on the exchange from being taken over by foreign companies to ensure that the exchange retains its Polish character, Mr. Jasinski said. The plan appears ripe for a conflict with European Union rules, which require privatizations to be open to all union members. Catherine Bunyan, a spokeswoman for Charlie McCreevy, the union commissioner for the internal market, said Brussels was not aware of Warsawâs plans.
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BP agreed to sell one of the worldâs largest natural gas fields, the latest apparently forced sale that benefited a Russian state company.
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The Russian government said Thursday that it would hold an auction Sept. 29 to sell its 7.59 percent stake in Lukoil, the giant oil company, at a starting price of $1.
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The Russian Justice Ministry says it plans to sell some of the assets of the giant Yukos oil company to cover its outstanding tax bill.
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SAN FRANCISCO (CBS.MW) - The Canadian government will sell its 19 percent stake in Petro-Canada for $2.49 billion, according to the final prospectus filed with the US Securities and Exchange Commission Thursday.
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The French government will sell a 9.6% stake in France TÃ©lÃ©com, taking its holding below 50%, announced the Ministry of the Economy, Finance and Industry.
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Independent oil and gas producer Anadarko Petroleum Corp.  said on Monday it will sell part of its stake in the K2 Unit offshore field in the Gulf of Mexico for $1.2 billion to two unnamed parties.
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Royal Dutch/Shell plans to auction off its liquefied petroleum gas business, which is valued at more than one billion pounds.