Global

Total buys Maersk Oil for USD7.45 billion
Global

Total buys Maersk Oil for USD7.45 billion

Total has announced that its board and A.P. Møller – Mærsk have both approved the acquisition of 100% of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil), a wholly owned subsidiary of A.P. Møller – Mærsk A/S, by Total in a share and debt transaction. […]

Tony Fountain appointed as chairman of Essar Oil
Global

Tony Fountain appointed as chairman of Essar Oil

After the acquisition of Essar Oil Limited, the consortium has appointed a new board of directors for the company headed by Tony Fountain. The members appointed to the Essar Oil board are as follows: Mr Tony Fountain, Chairman of Essar Oil Ltd and Non-Executive Director, (UCP nominee) Mr Andrew Balgarnie, […]

Trafigura, UCP acquire 49% stake in India’s Essar Oil
Global

Trafigura, UCP acquire 49% stake in India’s Essar Oil

Trafigura and a private investment group UCP Investment Group has completed the acquisition of a 49 percent stake in Mumbai-based Essar Oil Limited (EOL) from Essar Energy Holdings Limited and Oil BidCo (Mauritius) Limited. Trafigura said in a statement that the acquisition includes the Vadinar oil refinery and world-class storage […]

Indian police arrests JeeoIndia Ponzi scam operators
Golibu

Indian police arrests JeeoIndia Ponzi scam operators

Police and law enforcement agencies in India have clamped down on JeeoIndia, a Ponzi scam similar to OneCoin digital currency scheme that lures investors in the country to invest for a higher return. According to TheHindu.com, a local news website, JeeoIndia affiliates and promoters numbering about 17 people were arrested […]