Energy Future Holdings Corp planned to pay its junior bondholders in coupons to stave off bankruptcy.
Energy
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, is aiming to launch its initial public offering in the week of Dec.
Two Brazilian banks reducing risk with Grupo EBX developments
The collateral provided by Batista and Grupo EBX have helped reduce the bank exposure risk for Banco Santander Brasil and Itau Banco.
India-Pakistan LNG delivery agreement still to be forged
Only the issues of sovereign guarantees by Pakistan for the purchases of gas from India hinder the finalization of the agreement between the two countries.
OGX agrees to sell natural gas unit stake to private equity firm, E.ON in complex deal
OGX would be parting its 67% stake in OGX Maranhão Petróleo e Gas SA in a multistep deal for BRL344 million or USD156 million.
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OGX Petroleo & Gas Participacoes sold the stake it held in its only producing asset shortly before filing for bankruptcy.
EHF to make million dollar interest payment on Friday in hopes of restructuring. On Friday, Energy Future Holdings (EFH) plans to make a USD270 million interest payment.
ConocoPhillips's request of exploratory drilling is approved by Canada's NEB On Wednesday, Canada's National Energy Board approved ConocoPhillips's request.
Energy Future Holdings planned to make coupon payments worth USD 270 million to creditors as a possible bankruptcy loomed.
Rosneft Chief Executive Igor Sechin to President Vladimir Putin revealed plans of the oil company to acquire the government's 20% stake in Novorossiisk Commercial Sea Port (NCSP).
The hiring of two new Energy Future Holdings Corp board directors was seen as timely as the power producer needed to decide on making its USD270 million interest payment before November 1.
BP Plc's recent quarterly report showed a bright investor future amid an overall glum oil and gas industry.
OGX would be filing for bankruptcy should it not be able to meet interest payments to bondholders amounting to USD44.5 million.
Petróleo Brasileiro (Petrobas) was reportedly nearing the completion of its Peru-based asset sale to China National Petroleum Corp (CNPC).
