Reuters said in its report that Britain's BP PLC has closed a $16 billion deal to develop Oman's Khazzan tight gas project. Construction of the tight gas project is expected to begin next year, while first gas is expected in late 2017.
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Toronto's McRock Capital initially closes Industrial Internet venture capital fund with $50 million
McRock Capital, an investment firm in Toronto, has initially closed its Industrial Internet venture capital fund with $50 million in a round led by BDC Venture Capital.
Goldman Sachs-backed BackOffice Associates acquires ENTOTA Ltd
Massachusetts-based BackOffice Associates has bought Farnborough, UK-based SAP Data Services consultancy firm ENTOTA for an undisclosed amount. Goldman Sachs invested $30 million in BackOffice five years ago.
Former HP unit Avago to acquire disk drive and electronic semiconductors maker LSI for $6.6B
The acquisition by dual location-based chip manufacturer Avago Technologies Ltd of LSI Corp marked the second biggest acquisition in the semiconductor industry for this year, said a Businessweek report.
Crowdtilt gets $23 million in Series B round led by Andreessen Horowitz
Crowdtilt, a San Francisco, California-based crowdfunding platform, secured $23 million for its Series B funding in a round led by Andreessen Horowitz and was participated by venture capitalists and angel investors.
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PassportParking, a provider of cloud-based parking management solutions, raised $6 million for its Series A funding. The round was led by Grotech Ventures and Relevance Capital.
Loehmann's Holdings Inc., a seller of discounted designer goods from brands like Michael Kors and Calvin Klein, has filed for bankruptcy protection in the US Bankruptcy Court in Manhattan.
Glasgow, Scotland-based growth equity and venture capital firm Scottish Equity Partners (SEP) said it will boost its total portfolio investment from £40 million last year to £60 million this year.
US insurer AIG said it will be selling International Lease Finance Corp to Netherlands-based AerCap Holdings for $5 billion, Bloomberg reported. The deal will be for cash and shares.
Osaka canceled the sale of Osaka Prefectural Urban Development Co after lawmakers from the local government rejected the winning bidder Lone Star Funds, a source told Bloomberg.
PA Group, the parent company of UK's national news agency Press Association, is to sell its weather unit MeteoGroup to private equity group General Atlantic in a deal valued at £160 million (€190 million).
Spanish food retailer DIA on Monday said that it is negotiating a possible purchase of supermarket chain El Arbol for €100 million. If the deal goes through, DIA will be the third-biggest grocer in Spain next to Mercadona and Carrefour.
Beijing-based supermarket chain Wumart Stores Inc has cancelled its plans to purchase stores and equity shares from its rival C.P. Lotus Corp, but the reasons for the fallout were not elaborated in a report.
The Wall Street Journal reported more employers are offering loans to their workers from non-bank lenders. There are currently 100,000 employees who can avail of employer-based loan programs, but that number is set to increase in the coming years, said the Journal.
