News

Shell-BP merger’s key ingredient is time
The $198 bln oil major keeps getting asked about a bid for its struggling $77 bln UK rival. Right now, there’s little reason ...
BP needs to scrap its Big Oil mentality, and its buybacks
BP has jumped from crisis to crisis in recent years, severely eroding the British firm’s stature as one of the world's ...
Bill Ackman and John Paulson’s mortgage gamble
Bill Ackman invested nearly half a billion dollars in the shares of collapsed federally backed agencies Fannie Mae and ...
PRESS: Potential offers for Castrol below hoped-for USD8 billion - FT
The offer for sale of the Castrol lublicants business of BP PLC has attracted interest, but some possible bids may be below the USD8 billion the UK oil major needs to meet its target of USD20 billion ...
Bidders for BP’s Castrol weigh offers below expected $8bn valuation
Analysts believe BP needs to sell Castrol at an enterprise value of $12bn if the deal is to improve the company’s free cash ...
BP Appoints Former Devon Energy Chief David Hager as Nonexecutive Director
The naming of the U.S. oil executive comes at a time when BP is seeking to more than double its production of oil and gas in ...
BP (BP) Nears Castrol Sale Amid Strategic Shifts and Investor Pressure
Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing ...
Khaleej Times on MSN6d
'X-Files' star Gillian Anderson to be feted at Munich Film Festival
The Munich International Film Festival will present Gillian Anderson with its honorary CineMerit Award during its upcoming ...
BIG move by Mukesh Ambani as Reliance boss sets sights on new business in deal worth Rs 830000 crore; the company is…, Ambani faces competition from…
Several major firms, including Mukesh Ambani-led Reliance Industries, Apollo Global Management, Lone Star Funds, as well as ...