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.

Sources told Bloomberg that Jaiprakash Power Ventures would be selling its hydropower facilities to Abu Dhabi National Energy.

Japanese authorities said the cleanup of the Fukushima nuclear plant would not be completed next year as originally scheduled.

Jana Partners said it held a 7.5% stake in oil and gas producer QEP Resources Inc. New York-based Jana Partners said it had a 7. 5% stake in QEP Resources Inc.

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.

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.