In a move that will pave the way for the creation of more jobs and encourage more investment in the UK, Prime Minister David Cameron will be giving councils that allow shale gas developments to continue, Bloomberg reported.
Energy
Colombia's Grupo Energy picks up $650M stake in Peru gas pipeline
Colombia-based firm Grupo Energia de Bogota inked a deal valued at $650 million to acquire a 23.61% stake in Peru-based gas pipeline operator Transportadora de Gas del Peru.
Dubai's Dragon Oil buys into petroleum block in the Philippines
Dubai, United Arab Emirates (UAE)-based oil and gas firm Dragon Oil Plc inked a deal to acquire the 40% stake of Australia-based firm Nido Petroleum Ltd in Service Contract (SC) 63, a petroleum block in Palawan, Philippines.
Japan's Toshiba Corp to acquire 60pct of NuGen
Toshiba Corp, an engineering firm based in Japan, announced that it would be acquiring a 60% stake in NuGeneration Ltd, the nuclear joint venture of GFD Suez and Iberdrola, Bloomberg reported.
North American oil producer IronGate acquires Green Light
Texas, US-based oil and gas exploration and production services provider IronGate Energy Services acquired North Dakota-based firm Green Light Energy Services for an undisclosed amount.
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In a $47 million deal, Paris-based oil firm Total will be acquiring a 40% stake in licenses held by Dart Energy for two exploration areas in the eastern portion of England, Bloomberg reported.
London-based alternative asset management firm Resonance Asset Management LLP bought four wind farms in the UK after raising $100 million from institutional investors for its first Resonance British Wind Energy Income fund.
Power Assets Holdings, the firm controlled by Li Ka-shing, has reduced the initial public offering size of Hong Kong's second largest power supplier, HK Electric Investments, Bloomberg reported.
Nigeria-based energy firm Oando Plc said it closed $1.63 billion to purchase the assets of US-based firm ConocoPhillips in the country, in a bid to become the top producer for the biggest oil exporter of Africa.
Norway's state-controlled Statoil is reportedly studying overseas acquisitions that could dilute the state's shareholding in the petroleum company. The Norwegian government is seeking to cut its stake in Statoil from 67% to 51%.
Shandong, China-based cotton and yarn manufacturer Shandong Ruyi Technology Group Co Ltd will invest $2 billion in the energy and textile sectors of Pakistan over the next two years.
South Dakota, US-based energy firm Black Hills Corp inked a deal to acquire gas utility MGTC's gas transmission and distribution utility assets in northeastern Wyoming in a deal valued at $6 million.
Japanese trading house Marubeni Corp announced on Friday that it had bought a 100-megawatt (MW) gas power facility in Tokyo and is also planning to add further 200 MW of local capacity in 2016.
An unnamed official from South Korea's S-Oil Corp said Saudi Arabian Oil Co or Saudi Aramco, the largest crude exporter in the world, will be buying a $2 billion stake in S-Oil, Bloomberg reported.
