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Acquisitions and Divestitures News in India

Keppel Land in JV to Develop Its First Commercial Development in India
10/1/2018 - Keppel Land Limited (Keppel Land), through its subsidiary, Keppel Puravankara Development Pte Ltd (KPDL), a joint venture company with a reputable Indian property developer, Puravankara Limited (Purav...
Total Sells Equity in India’s Hazira Terminal and Signs LNG Sales Agreement with Shell
8/27/2018 - Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in India. The transaction remains subject to the approv...
Reliance Announces Sale of Assets in Eagle Ford Shale in USA
3/27/2018 - Reliance Eagleford Upstream Holding LP (Reliance), a subsidiary of both Reliance Holding USA, Inc., and Reliance Industries Limited, announced the signing of a purchase and sale agreement with Sundanc...
ONGC to Buy GSPC's Stake in Deen Dayal West Block KG-OSN-2001/3
12/24/2016 - Oil and Natural Gas Corporation Ltd. (ONGC) and Gujarat State Petroleum Corporation Ltd. (GSPC) have been engaged in discussions on a potential transaction for purchase by ONGC of GSPC’s stake and ope...
Niko Resources Re-Launches Sales Process for Deep-Water D6 Block Offshore India
11/10/2016 - Announcing its latest operating and financial results, Niko Resources said it was re-launching the sales process for the Company's interest in the deep-water D6 Block, offshore India. ...
GE Completes Sale of Commercial Lending & Leasing Business in India
9/1/2016 - GE has completed the sale of its Commercial Lending and Leasing business in India to a consortium of former GE Capital executives led by Pramod Bhasin and Anil Chawla and backed by AION Capital Partne...
BP Unit Selling Up to $261 Mln Stake in Castrol India
8/23/2016 - Castrol Ltd, a unit of oil major BP Plc, is selling an up to $261 million stake in Castrol India Ltd in a block trade on Wednesday, according to a termsheet seen by Reuters. ...
BP Sells Partial Stake in Castrol India
5/19/2016 - BP announced that its wholly-owned subsidiary, Castrol Limited, has been successful in selling part of the shareholding it holds in Castrol India. Castrol Limited today sold approximately 11.5% from t...
LyondellBasell Completes Second Polypropylene Compounds Acquisition in India
4/7/2016 - LyondellBasell (LYB), one of the world's largest plastics, chemical and refining companies, announced that it completed the previously announced acquisition of the polypropylene (PP) compounding asset...
LyondellBasell's Definitive Agreement to Acquire SJS Plastiblends
8/10/2015 - LyondellBasell (LYB), one of the world's largest plastics, chemical and refining companies, announced that it has entered into a definitive agreement for the acquisition of SJS Plastiblends Pvt. Ltd....
Rosneft Strengthens Asian Foothold to Counter Sanctions
7/9/2015 - Top Russian oil producer Rosneft has raised the stakes in its battle with Saudi Arabia for market share by securing new Asian markets to hedge against the risk that any new Western sanctions could hit...
Hardy Relinquish Exploration Licence in India
12/24/2014 - Hardy Oil and Gas plc, the oil and gas exploration and production company focused in India announces that on 23 December 2014 the Company consented to the relinquishment of the KG-DWN-2003/1 (D3) expl...
Interra Terminates Acquisition of Indonesia's PT Benakat Barat Petroleum
12/11/2014 - Interra Resources Limited (the Company) referred Wednesday to its announcements Sept. 3, 2013, Sept. 16, 2013, Sept. 23, 2013, June 2, July 2, Aug. 1, Aug. 23, Nov. 20 and Dec. 2 relating to the Propo...
Essar Energy's Largest Shareholder is in Talks to Buy out Company
2/16/2014 - Essar Energy's majority shareholder is expected to make a bid for the remainder of shares it does not own in the coming days at a price tag of no more than 75 pence per share, the Sunday Times reporte...
TAQA Expands in India with Hydroelectric Project
TAQA Expands in India with Hydroelectric Project 1/13/2013 - Abu Dhabi National Energy Company PJSC (TAQA) has acquired an interest in Himachal Sorang Power Limited (HSPL), the developer of a 100 megawatt (MW) hydroelectric plant in the northern Indian state of...
East West Petroleum Signs NELP-IX PSC
East West Petroleum Signs NELP-IX PSC 3/29/2012 - East West Petroleum Corp. is pleased to announce the Company has signed a Production Sharing Contract (PSC) for Block AA-ONN-2010/2 with the Directorate General of Hydrocarbons of India in a signing c...
Award of 16 Indian Blocks Under (NELP-IX) Policy
Award of 16 Indian Blocks Under (NELP-IX) Policy 3/23/2012 - Award of Exploration Blocks under ninth bid round of New Exploration Licensing Policy (NELP-IX) and cancellation of two blocks under the eighth bid round of NELP (NELP-VIII) ...
GAIL Acquires Shale Gas Assets in Texas with Carrizo
9/29/2011 - GAIL (India) Limited has acquired its first shale gas assets in the USA through its wholly owned US subsidiary GAIL Global (USA) Inc formed on 26th September 2011. ...
Hardy Oil and Gas Holds Firm on D3 Stake
5/6/2011 - Hardy Oil and Gas plc, the oil and gas exploration and production company with assets in India, announces that it has elected not to exercise an option to increase its participating interest, by three...
BP to Take a 30 % Stake in 23 Oil and Gas Blocks
2/21/2011 - Reliance Industries Limited and BP announced a historic partnership between the two companies. Mr. Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, and Mr. Robert Dudley, ...

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