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India's Reliance Expects Sharp Rise in Operating Profit from Next Fin. Year
(Monday, January 16, 2017) Refining and petrochemicals contribute around 90 percent of Reliance's overall revenue and profit.

Mexico's Pemex Says New Procurement Rules Aimed at Combating Graft
(Thursday, January 12, 2017) Pemex said on Wednesday that updated procurement policies, such as renegotiating service contracts and fewer no-bid purchases, have led to more than 24 billion pesos ($1.10 billion) in savings for the cash-strapped firm.

Australian Regulator to Review BP Purchase of Woolworths' Petrol Stations
(Thursday, January 12, 2017) Australia's competition regulator said on Thursday it will review BP Plc's A$1.8 billion purchase of 527 petrol stations from Australia's top grocer, Woolworths Ltd.

The Tiny Gulf Country With a $335 Billion Global Empire
(Wednesday, January 11, 2017) The world's largest LNG exporter is back in the deal-making business.

Petrobras to Invest $19 Bln, Has Cash for Over Two Years
(Wednesday, January 11, 2017) PetrĂ³leo Brasileiro SA expects to spend 30 percent more in exploration, production and refining projects this year.

Peru Aims to Close Deals on $3 Bln for State Energy Company
(Wednesday, January 11, 2017) Peru's finance minister said Wednesday that he will seek to close deals on $3 billion in financing for state energy company Petroperu, including a loan from Spanish state-backed insurer Cesce, during a trip to Europe next week.

Brazil's Petrobras Breaks Drought in LatAm Market
(Tuesday, January 10, 2017) Brazil's Petrobras opened the Latin American primary markets on Monday with a US$4bn two-part debt sale - the region's first cross-border bond of the year.

Blackstone Deal for Energy Transfer Asset Stake Said to Collapse
(Monday, January 09, 2017) Blackstone Group LP is no longer in talks to buy a $5 billion stake in assets owned by Energy Transfer Partners LP, people with knowledge of the matter said.

Pipeline Debt Rolls On for Canada Energy as Producers Wait
(Friday, January 06, 2017) Pipelines will lead the charge in Canadian energy companies in debt issuance this year amid signs the recovery in the industry is solidifying.

Oil Trader Gunvor Suing Cerberus Over Failed Chevron Bid
(Wednesday, January 04, 2017) Oil trader Gunvor Group is suing Cerberus Capital Management, alleging that the private-equity firm is refusing to pay its share of costs incurred when the two companies made a failed $650 million bid for Chevron Corp. assets in South Africa.

DCP Midstream Partners to Buy Assets of Philips-Spectra JV
(Wednesday, January 04, 2017) DCP Midstream Partners LP said it had acquired the assets of a joint venture between Phillips 66 and Spectra Energy Corp, to create the largest natural gas liquids producer and gas processor in the United States.

Refiner Delek to Buy Rest of Alon USA for $464 Million
(Tuesday, January 03, 2017) Refiner Delek U.S. Holdings Inc said it had agreed to buy the shares of Alon USA Energy Inc it does not already own for $464 million.

Exxon Foe Says Bigger InterOil Offer Still Isn't Good Enough
(Thursday, December 22, 2016) ExxonMobil plans to assimilate InterOil's gas reserves into its existing Papua New Guinea LNG project.

Engie CEO Complains to French Regulator About Attempts to Undermine Company
(Thursday, December 22, 2016) The chief executive of French energy group Engie has sent a complaint to the French financial markets regulator warning of attempts to undermine the company, an Engie spokesman said on Thursday.

Blackstone in Talks to Buy Stake in Energy Transfer Assets-WSJ
(Thursday, December 22, 2016) Private-equity firm Blackstone Group LP is in talks to buy a stake in assets owned by Energy Transfer Partners LP, the company building the controversial Dakota Access pipeline, the Wall Street Journal reported.

Saudi to Gradually Raise Fees to Employ Foreign Workers - Finance Minister
(Thursday, December 22, 2016) Saudi Arabia will gradually increase the monthly fees paid by companies in the kingdom to employ foreign workers, starting from 2018, Finance Minister Mohammed al-Jadaan told a press conference on Thursday.

Kinder Morgan Wins Dismissal of $171 Mln Investor Lawsuit
(Wednesday, December 21, 2016) The Delaware Supreme Court dismissed on Tuesday a $171 million investor lawsuit against Kinder Morgan Inc stemming from the pipeline operator's acquisition of El Paso Corp and its affiliates.

Praxair to Buy Linde for $35 Billion in Industrial-Gas Deal
(Tuesday, December 20, 2016) Praxair Inc. of the U.S. agreed to buy Linde AG for about 33.9 billion euros ($35.1 billion) to create the world's largest supplier of industrial gases, three months after a previous attempt failed on concern over job losses in Germany.

Idemitsu Buys Fewer Showa Shell Shares After Family Opposes Deal
(Monday, December 19, 2016) Idemitsu Kosan Co said on Monday it completed the purchase of just under a third of rival refiner Showa Shell Sekiyu KK, cutting the amount of shares it planned to buy after facing opposition from Idemitsu's founding family.

Petrobras Signs $5 Bln Chinese Financing and Oil Supply Deal
(Friday, December 16, 2016) Petrobras has signed definitive terms for a $5 billion, 10-year financing agreement with China Development Bank Corp and an oil supply accord with Chinese companies.




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