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BP to Sell 65% of Castrol to Stonepeak for US$10 Billion
By MBN Staff - Wed, 12/24/2025 - 13:55
BP sells 65% of Castrol to Stonepeak for US$10 billion, using proceeds to cut debt and focus on core oil and gas operations.
https://mexicobusiness.news/tag/joint-venture
More Aerospace
US Challenges to Delta–Aeroméxico Raise Cross-Border Flight Risks
By MBN Staff - Tue, 11/25/2025 - 09:25
US moves to revoke routes and question the Delta–Aeroméxico alliance expose gaps in the 1960 bilateral aviation pact
Aeroméxico, Delta Seek Pause on JV End, Process May Last a Year
By Teresa De Alba - Mon, 10/27/2025 - 13:36
Aeroméxico and Delta request a court pause on a DOT order ending their joint venture by 2026; legal review could take at least a year
SBM Offshore Begins Construction of FSO for Trion Field
By MBN Staff - Tue, 10/07/2025 - 09:39
SBM Offshore has begun constructing the Chalchi floating storage and offloading (FSO) unit for the Trion field.
Delta Raises Concern Over Potential Loss of 20 US-Mexico Routes
By MBN Staff - Tue, 09/16/2025 - 13:00
Despite the uncertainty, a spokesperson for Delta said the airline remains optimistic about a positive outcome.

AIFA Secures MX$744.7 Million in 2026 Federal Budget: Aero Week
By Teresa De Alba - Thu, 09/11/2025 - 15:15
Mexico air arrivals fell 1.5% in Jan–Jul; AIFA gets MX$744.7 million; US travelers favor Mexico; GATM eyes EU-Mexico routes
Aeroméxico, Delta Await US DOT Decision on JV Renewal
By MBN Staff - Wed, 09/10/2025 - 17:14
Aeroméxico and Delta await US DOT decision on renewing their joint venture, which could impact Mexico–US connectivity and their strategic alliance
Mexico Keeps Details of US Aviation Talks Under Wraps
By MBN Staff - Mon, 09/08/2025 - 17:56
Mexico has not disclosed details of recent aviation talks with the US, following a high-level meeting between SICT and DOT officials
Raizen, FEMSA End Convenience Store Joint Venture in Brazil
By MBN Staff - Thu, 09/04/2025 - 12:20
Raizen and FEMSA ended their Grupo Nos venture in Brazil, splitting assets with Raizen taking Shell stores and FEMSA expanding OXXO.
Viva-Allegiant Deal Delay Costs US Travelers US$873 Million
By MBN Staff - Thu, 08/21/2025 - 15:42
Viva-Allegiant interline deal stalled since July 2023, costing US travelers US$873 million and 7.1 million passengers, says DOT filings