Energy

Allegations of anti-competitive activity would be investigated on by the European Commission. A formal statement is being prepared by the European Commission for Gazprom to inform them that allegations have been raised regarding anti-competitive gas pricing.

Foreign companies in China strengthened their compliance of laws as authorities continue their antitrust and corruption probes.

Reuters reported that that the ruling governments of Australia and Norway would face possible defeat in polls set for this month.

A new set of bidding guidelines will be utilized for the newest ultra mega power projects for the next decade.

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Kazakh government sources told Reuters that the country had agreed to sell 8.33% of its stake in the Kashagan oil field to China.

Local and foreign oil firms in Iraq would be keeping low profiles as tensions regarding a possible Syria strike retaliation looms over Iraq.

Analysts said that General Electric Co would be eyeing Dresser-Rand Group Inc. and Dril-Equip Inc as potential takeovers.

Matrix, the leading efficient energy management company, was purchased by E.ON Connecting Energies for an undisclosed amount.

The Vaca Muerta oil field is set to be offered for bids by the regional authority of Patagonia, Argentina.

This week, BlackRock Inc. had bought shares in OGX Petroleo & Gas Participacoes after its increased presence in Brazil's benchmark index.

Oasis Petroleum purchased four acreages in North Dakota for USD 1.52 billion. Oasis Petroleum Inc inked four separate deals to purchase North Dakota acreage for USD 1.

Impax Asset Management announced its acquisition of two wind farms in Northern Finland. London-based Impax Asset Management Group said it had purchased two wind farms from Fortum Oyg and Metsahallitus.

China National Petroleum Corp bought a 20% stake in Novatek's Yamal liquified natural gas venture.

The Hudson Clean Energy Partners had invested USD6 million to Siicor Materials for the latter's expansion plans.