Rosneft CEO Igor Sechin said the price offer for minority shareholders of TNK-BP Holding was fair. The share price offered by Rosneft to buy out minority shareholders of TNK-BP Holding was reportedly at a premium and should had no cause for complaint.
Energy
Lime Rock closes third fund with USD 750 million
Lime Rock closed its third fund with USD 750 million in capital commitments. Private equity company Lime Rock said it was able to close Lime Rock Resources III with capital commitments amounting to USD 750 million.
Bandanna Energy in discussion with partners for coal fired power station project
China, Korea, Japan and Taiwan are some of the possible strategic partners Bandanna Energy was discussing with
First Titan nears acquisition of Hardin County oil zone
Oil and gas energy company First Titan Corp was reportedly at the end of closing its acquisition deal of a potentially profitable oil zone based in Hardin County, Texas.
Algerian stake sale boosts Petroceltic International
Sonatrach's purchase of Petroceltic International's Algerian assets increased the value of the latter's stock.
Latest News
US Energy Information Administration Analyst Mike Conner said the agency still had funds to operate until October 11.
Rosneft deputy chairman Andrey Kostin said that even if the buyout of the minority share of TNK-BP Holding garnered criticism, the deal had followed good governance and legal practices.
An Italian government official said on Italian radio that Finmeccanica had agreed to exit from its controlling stake in Ansaldo Energia.
Credit analysts said that the divestment of DONG Energy's 26% stake to two funds managed by Goldman Sachs and two Danish pension funds may lead to a reassessment of its negative credit outlook.
Rosneft chief executive Igor Sechin said to reporters on Thursday that his company would be considering buying Lukoil's stake in its Venezuelan consortium.
Toshiba Corp chief executive Hisao Tanaka told Reuters that his company would decide on buying a major stake in UK nuclear venture NuGeneration.
German newspaper Stuttgarter Zeitung said on Wednesday that utility company EnBW would be buying Italian energy company Eni's stake in the German natural gas transmission networks they co-owned.
On Tuesday, Power group EDF confirmed an early press report that it has started talking to Dalkia France to acquire public lighting and urban electrical equipment company Citelum.
San Miguel Corp sold its 27.1% stake in Manila Electric Company to JG Summit Holdings Inc. valued around USD2 billion.
