Deals
ONGC, United Energy Said to Vie for $2 Billion Chevron Asset
- U.S. producer operates three natural gas fields in Bangladesh
- Chevron selling Asian assets to weather fall in oil prices
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Oil & Natural Gas Corp., the largest Indian oil and gas explorer, and Hong Kong-listed United Energy Group Ltd. are among bidders for Bangladesh natural gas assets being sold by Chevron Corp., people with knowledge of the matter said.
United Energy submitted a joint offer with Chinese conglomerate Orient Group Inc., one of the people said. The gas fields, which could fetch as much as $2 billion, have also drawn interest from Brightoil Petroleum Holdings Ltd., the people said, asking not to be identified because the information is private.