BG Group launched a syndicated loan of up to $14 billion backing its A$13.1 billion hostile bid for Australia’s Origin Energy to a wider syndication at a bank meeting in London, banking sources said.
AFTER years of living under a very tight oil refining market, planned expansion of global capacity in the next few years ought to ease some of the pressure.
Oil major BP has given final approval to spend $1.5 billion to develop the Liberty oil field in the Beaufort Sea off the northern coast of Alaska, BP officials said.
Saudi Basic Industries Corp (Sabic) will market petrochemical output for state oil giant Saudi Aramco from a Chinese refinery, Aramco said in a statement.
