Rosneft and partners to wrap up Essar deal
India In a deal struck last October, Rosneft is to acquire a 49% of the Indian company, while its partners Trafigura and United Capital Partners will buy another 49%.
The purchase is set to be completed on March 15, Reuters reported.
Among other assets, the consortium will acquire a refinery with the capacity of 20-million-tpy in Gujarat, as well as E&P assets located in Indonesia, Vietnam, India, Nigeria and Madagascar. Rosneft’s reserves will expand by 2,109 million boe.
Recent Posts
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea, Subsea7 sign long-term deal with Equinor
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight AI takes 49% stake in ADNOC energy AI player
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
Wood wins TotalEnergies North Sea flare recovery work
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More