Chevron Australia Downstream Pty Ltd, a wholly-owned subsidiary of US-based Chevron Corporation, has agreed to acquire all the shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd for the amount of AUD425 million (USD291 million) from Puma Energy Asia Pacific B.V. Puma Energy (Australia) and its subsidiaries’ assets include a network of company-owned and […]

The Trafigura Group Pte Ltd has completed the acquisition of the majority of the downstream assets of Pampa Energia S.A. Pampa Energía is a fully integrated energy company in Argentina, engaged in electricity generation, transmission and distribution, upstream and downstream. Trafigura announced the signing of the sale and purchase agreement in December 2017 for majority of Pampa Energia’s […]

A group led by Russia’s oil major Rosneft will acquire India’s Essar Oil in a USD12-13 billion deal, including USD4.5 billion in assumed debt. Essar Oil operates a 400,000 barrel-per-day oil refinery on India’s west coast and retails fuels at 2,470 service stations throughout India. The deal will also include the Vadinar port and a […]

Woolworths Limited has hired Morgan Stanley to sell its fuel retail business in Australia. Woolworths operates about 521 fuel retail outlets, which are supplied by Caltex Australia. Sales at Woolworths’ petrol division were valued at AUD 5.63 billion (USD 4.31 billion) in the 2014-15 financial year. The unit is expected to fetch as much as AUD […]