Oil &amp; Natural Gas Buys 55% Stake in Australian Block
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Oil &amp; Natural Gas Corp., India&#39;s biggest oil producer, bought 55 percent of an oil exploration area off the coast of Western Australia from Calgary-based Antrim Energy Inc.
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US oil major ConocoPhillips bought a 7.6 per cent government stake in Russia&#39;s second-largest producer LUKoil for nearly $US2 billion on Wednesday in the nation&#39;s largest post-Soviet privatisation deal.
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Telecommunications giant Telstra Corp. on Monday revealed details of a 750 million Australian dollar (US$532 million) share buyback that is part of a three-year plan to increase the value of its stock.
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A Macquarie Communications Infrastructure Group (MCG) led consortium (âConsortiumâ), in which Macquarie Bank Limited (MBL) has an approximate 13% interest, today announced it has been selected as the successful bidder for the acquisition of National
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The price of crude oil surged past $55 per barrel Monday on lingering supply fears in trading in Asia.
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Bangalore: The Oil and Natural Gas Corporation (ONGC) acquired a Canadian off-shore oilfield in West Australia yesterday, its Chairman and Managing Director, Mr Subir Raha, announced today.
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Stockland, Australia&#39;s fourth-biggest property trust, offered to buy General Property Trust for A$7.5 billion ($5.7 billion) in stock in an attempt to foil a rival bid by Lend Lease Corp.
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The Carlyle Group, the District's private-equity giant, announced today that it is selling a 7.5 percent share of its general partnership to an investment group owned by the government of Abu Dhabi.
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BHP Billiton Limited (BHP) today announced it has agreed to sell its interests in the Laminaria and Corallina oil fields to Paladin Oil &amp; Gas (Australia) Pty Limited, a fully owned subsidiary of Paladin Resources plc, an independent oil and gas company
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BP said it had agreed to buy Chevronâs manufacturing company in the Netherlands, Texaco Raffinaderij Pernis, for about $900 million, excluding working capital and hydrocarbon inventory. BP will acquire Chevronâs 31 percent minority shareholding in the Netherlands Refining Company as well as Chevronâs stake in the jointly owned wind farm located at the refinery; shareholdings in the nearby crude oil terminal and storage facility; and a number of associated pipelines. The deal, which is expected to be completed during the first half of the year, would make the refinery a 100 percent BP- owned asset.
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MOSCOW, June 22 -- The state-controlled energy giant Gazprom on Friday bought a vast natural gas field in Siberia from a unit of  British-based petroleum conglomerate BP, continuing the Kremlin's policy of shifting control of the country's major energy projects from foreign to state hands.
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Energy giant Shell is to sell its stake in the pipeline unit of Dutch gas firm Gasunie to the Dutch government. Both Shell and ExxonMobil are selling their stakes, with the Dutch government paying 2.78bn euros ($3.
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General Electric Co., the world&#39;s biggest non-bank lender, will buy Australian Financial Investments Group for about $300 million to boost its share of that nation&#39;s mortgage market, people familiar with the plan said.
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CALGARY (CP) - The federal government revealed the highly anticipated details of its planned sale of a minority stake in energy giant Petro-Canada late Thursday, setting the stage for the biggest single share sale in Canadian history.
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Australian Gas Light Company has flagged the sale of its stake in New Zealand&#39;s NGC Holdings, after the Australian energy retailer today reported an 18.
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The company has announced the sale of its part share in the Laminaria and Corallina oil fields to the British-owned Paladin Oil &amp; Gas.
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The Australian Gas Light Co. , the countryâs biggest power retailer, reported a jump of 18.5 percent in annual profit on Thursday and announced plans to sell its US$569 million stake in a New Zealand gas distributor to fund future growth.