OVL plan to invest $1bn in Petrobras' Brazilian offshore block
ONGC Videsh (OVL), the wholly owned subsidiary of ONGC, is considering investing $1bn in the BM Seal-4 deep offshore block in Brazil.
Source: offshore-technology.com
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PKN Orlen looking to buy stake in Germany's PCK Schwedt refinery
PKN Orlen plans to acquire stake in the PCK Schwedt refinery in Germany, which has been placed under a trusteeship by Germanyz.
Source: offshore-technology.com
EIG to pay $4.8bn for 25% stake in Repsol's upstream business
Repsol will divest a 25% stake in its newly-formed global exploration and production (E&P) company, Repsol Upstream, to EIG for $4.8bn.
Source: offshore-technology.com
Angola looking to divest stake in Sonangol within next five years
Angola is planning to divest its 30% stake in national oil company Sonangol EP within the next five years, reported Bloomberg News.
Source: offshore-technology.com
European gas shortages "likely to last several winters", says Shell chief News
As Russia curbs gas supplies, many EU countries could face an energy crisis for a long time.
Source: offshore-technology.com