Company News: ONGC Videsh bid for Talisman Sudan field progressing

ONGC Videsh Ltd. (OVL), a unit of Indian company Oil & Natural Gas Corp., is moving closer to buying a 25% equity stake in the Sudan-based Greater Nile Petroleum Operating Co. (GNPOC), Indian government officials have confirmed.Various press reports have placed the proposed purchase price of the stake at $750 million, but that could not be independently confirmed.Other recent company mergers and acquisitions include:Petroleo Brasileiro SA (Petrobras) is considering acquiring Petrolera Santa Fe, the Argentine subsidiary of Oklahoma City-based Devon Energy Corp., said Joao Nogueira Batista, Petrobras's financial director.Kerr-McGee Corp., Oklahoma City, completed the sale of its KM Indo...

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