With its consortium, Petrobras leads to extract the oil from the Libra pre-salt mine. A consortium led by Petroleo Brasileiro SA had landed a license to develop the largest oil discovery in Brazil under terms that had exceeded projections.
Energy
Canadian firms get boost as government removes hindrances to foreign investments
Canadian Prime Minister Stephen Harper had removed many hurdles for US and European investors in Canadian enterprises.
GDF Suez acquires stake in UK shale
GDF Suez would be buying an ownership stake in 13 licenses in the Bowland basin of England from Dart Energy.
Meridian Energy IPO set to raise USD1.7 billion - sources
The initial public offering of Meridian Energy Ltd could raise up to NZD 2 billion. Two people who were familiar with the matter said the government of New Zealand would stand to gain in the public listing of state-owned Meridian Energy Ltd.
Jaiprakash Power to sell hydropower plants to Abu Dhabi National Energy Co- sources
Sources told Bloomberg that Jaiprakash Power Ventures would be selling its hydropower facilities to Abu Dhabi National Energy.
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A soon to be named company would comprise of 7,300 miles of pipeline and storage and trucking facilities.
Kior, the operator of the first US biofuel plant, had received financial commitments amounting to USD100 million.
Green Highland Renewables receives a GBP9.3 million investment from Albion Ventures for the development of a hydroelectric project.
BHP Billiton did not confirm the reason for such return of oil and gas stakes in India. BHP Billiton, the global mining firm, said last Monday that it had given up nine oil and gas exploration blocks located in India.
In an announcement today, Ultra Petroleum Corp said it would be acquiring oil-producing properties that are located in the Colorado Plateaus province for company expansion.
French utility company Electricite de France (EDF) would be joining forces with Areva and two Chinese nuclear firms to build a nuclear power plant in the UK.
Coal India's CEO S. Narsing Rao would try to convince brokerage firms to invest in the state run mining firm from India.
In a speaking engagement in India, BP CEO Bob Dudley said market pricing of natural gas in the country is the proper way to do it.
The Chairman and two other senior executives of China Solar Energy Holdings Ltd were arrested by Chinese authorities.
