Aramco to Acquire 40% Stake in Gas & Oil Pakistan
Aramco, one of the world’s leading integrated energy and chemicals companies, signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”).GO, a diversified downstream fuels, lubricants and convenience stores operator…
Saudi Aramco, Total in USD1bln Pact
Saudi Aramco and Total hasve signed a joint venture agreement to develop a network of fuel and retail services in Saudi Arabia.The 50:50 JV plans to invest around $1 billion over the next six years in the Saudi…
Adani Group, Total Partner for LNG projects
Indian resources conglomerate Adani Group and French energy giant Total SA have signed a deal to expand into India's liquefied natural gas (LNG) and fuel retail market, the companies said on Wednesday.The joint venture is aimed at a phase-wide rollout of 1,500
Green Energy on the Rise in Thailand
BCPG Public Company is looking at ways in which innovation in technology and energy management are encouraging consumers to generate reusable energy and sell it on the retail market, Bundit Sapianchai told Oxford Business Group’s online broadcasting channel…
Kenya's National Oil, Schlumberger Ink Field Development Deal
Kenya's National Oil Corporation and U.S. oil services company Schlumberger have agreed to finalise a field development plan on behalf of the government for oil blocks in the northwest of the country. The East…
Kenya Plans $1 Bln Dual Listing of National Oil Corp
Kenya plans to raise $1 billion by listing its National Oil Corporation at home and on the London Stock Exchange by early 2019, to buy a share of two oil blocks held by Tullow and its partners, a senior government official said on Wednesday.
Total Sells Its Italian Gas Business to UGI
French oil and gas major Total has sold its gas business in Italy, Total Italia Gas, a subsidiary of its Italian joint venture TotalErg, to UGI Corp , an industry source said on Friday. The sale is part of a move…
IEA Welcomes Hungary's Efforts in Energy Sector
Hungary took a major step in the right direction with its National Energy Strategy to 2030, which was published in 2011. The country must now make greater use of market-based mechanisms in the energy sector to meet its goals…
Latin America Struggles to Stem Pricey Fuel Imports
Analysts expect consumption to keep growing in coming years; Mexico was the largest fuel importer from the U.S. in 2016. Latin American countries are becoming more reliant on costly fuel imports amid floundering…
Vitol Bets on Retail Model as it Hopes to Grow
Vitol invests in gas stations from Turkey to Pakistan; increases presence in growing consumer markets. From Pakistan to Turkey, the world's largest independent oil trader Vitol is betting on a spike in gasoline…
PPC and CMEC to Build Coal-fired Plant
China Machinery Engineering Corporation (CMEC) signed a memorandum of understanding on Wednesday with Greece's leading utility Public Power Corp. (PPC) to build a coal-fired plant in northern Greece. Under its "one belt…
Essar Oil's fuel exports to fall in 2018/19 as focus shifts to local sales
Indian refiner Essar Oil's fuel exports will sharply drop in 2018/19 as it ramps up local sales by doubling its retail network and turns some of its naphtha into profitable gasoline, its managing director said.
South Africa's PetroSA Ends CEO's Contract After Probe
Press release - South Africa's state oil company PetroSA said on Friday it had terminated its chief executive officer's contract, after placing her on special leave alongside two other executives to allow an investigation into their performance.
Rosneft, Petrocas in Logistics & Retail JV
Rosneft has entered into definitive documentation to acquire 49% stake in Petrocas Energy International Limited (“Petrocas”), creating the joint venture (“JV”) for its activities in the South Caucasus region.
Greek Electricity Workers Plan Anti-Privatisation Strikes
Workers at Greece's state-controlled power utility PPC will stage a series of strikes from Wednesday, in the midst of the summer tourism season, to protest government plans to privatise the firm, their union leader said.
Greece Faces Power Outages as Electricity Workers Strike
Greece faced brief power outages on Thursday as electricity workers launched a series of 48-hour strikes against government plans to sell off part of the country's biggest power producer. Districts of Athens and Thessaloniki…
Murphy Exits UK With Petrol Stations Sale
Murphy Petroleum has signed an agreement to sell its UK petrol stations to Motor Fuel Group (MFG), completing its exit from Britain's oil retail market. The deal is worth just under 200 million pounds ($335 million)…
Japan's Bid to Forge National Grid Stumbles
After the Fukushima disaster crippled Japan's nuclear energy sector three years ago, the government pledged the biggest shake up in the history of the fragmented electricity industry to boost competition and contain a surge in power prices.
Scottish Power Faces Sales Ban Over Customer Service Woes
One of Britain's "big six" energy suppliers, Iberdrola-owned Scottish Power, could face a selling ban if it doesn't improve certain customer services, including cutting helpline waiting times, the energy regulator said on Friday.
