CNPC vice president Wang Yongchun is under investigation from the China Ministry of Supervision due to unspecified breaches of discipline.
Energy
Total agrees on purchase of Chevron's Egyptian retain network
French oil and gas company Total said that it would be buying the retail network of US-based Chevron in Egypt.
William P. Foley, II named chairman of Fidelity National Environmental Solutions
Ecosphere Technologies Inc elected William P. Foley, II as chairman of Fidelity National Environmental Solutions LLC.
Royal Dutch Shell, PetroChina joint venture considers building plant on Origin's site- source
A source told Reuters that Arrow LNG would consider building its LNG plant on a rival's site. Arrow LNG, the Australian joint venture firm of Royal Dutch Shell and PetroChina, would consider building its liquefied natural gas plant on Origin Energy's site.
Fission Uranium plans hostile takeover of Alpha Minerals
Fission Uranium considers taking offer to shareholders of Alpha Minerals after company refuses buyout discussions.
Latest News
OSX Brasil names new CEO. As Eike Batista's OSX Brasil SA prepares to deploy an oil platform to back $500 million in bonds, the company has named a new CEO.
ONGC announced an acquisition deal for a 10% stake in Anadarko Corp priced USD2.6 billion. ONGC Videsh Ltd (OVL) had announced its planned acquisition of a 10% stake at Anadarko Corp.
Rosneft CEO Igor Sechin bought company shares amounting to USD 5.5 million. The Chief Executive Officer of Rosneft acquired company shares worth USD 5.
The Iraqi oil minister said ExxonMobil would sell portions of its stakes to PetroChina and Pertamina.
Panda Power Funds provides financing for the construction of a new power plant from Moxie Energy. Dallas based private equity firm Panda Power Funds announced the completion of the acquisition of the planned 829 MW natural gas powered generating station for Moxie Energy.
New World Resources said it would be selling its OKK coking plant to offset oil price declines, of which had caused losses for the company.
State-owned PetroChina Company Ltd said it was discussing with relevant parties about developing the West Qurna oilfield in Iraq.
Sources said Panasonic Corp would expand its enterprise in lithium-ion battery by investing no less than JPY20 billion for its production.
Worldwide Internet Inc. announced today that it would acquire a portfolio asset in Greener Wind Solutions after it had completed acquisition of assets at Ludvik Holdings Inc.
