California's legislation to "bottle the sunlight" attracted venture capitalists and other major companies in an energy race to 2020.
Energy
China's CNPC oil operations in Chad suspended
Chad indefinitely suspended China's CNPC oil operations in the country. All drilling activities by China National Petroleum Corporation's subsidiary in the Republic of Chad were indefinitely suspended.
Abhay Pande is American Capital Energy & Infrastructure's Managing Director
American Capital Energy & Infrastructure appointed Abhay Pande as its new Managing Director to help the firm build its Asian platform.
Triton Fund okays acquisition of FCC's Alpine Energie
Triton Fund announced that it would acquire Alpine Energie from FCC. The Triton Fund announced that it had agreed to purchase Alpine Energie from Fomento de Construcciones y Contratas SA (FCC).
Glencore Xstrata unit cuts workforce, reduces budget in Philippine mine
A unit of Glencore Xstrata revealed that it would scaling back on its workforce as well as its budget in the Tampakan copper-gold mine in South Cotabato, Philippines.
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Mexico’s policies on making their oil and gas resources hands-off from private companies has lasted 75 years. They now intend to reform these laws, seeing a potential massive growth since its North American Free Trade Agreement (NAFTA) about twenty years ago.
Pioneer oil driller Chesapeake Energy decided to just drop their claims of retaining land leases after two years of legal battle with landowners.
ConocoPhillips submitted its application for permits to drill a production well in a new field in the Alaska national reserve.
Cheil Industries purchased a 50% stake in German lighting company Novaled for EUR 260 million. South Korea-based Cheil Industries bought a majority stake in Novaled, a lighting company in Germany that specializes in organic light-emitting diode (OLED) structures.
The sovereign wealth fund of Norway said it increased its share of equity holdings from 62.4% to 63.4%.
Sojitz Corp said it will be investing JPY 35 billion to build four solar power plants in Japan. Japan-based general trading company Sojitz Corp said it will be initiating its first few solar power projects in the country.
GDF Suez announced that it will be buying Balfour Beatty Workplace by the end of the year for less than GBP 190 million.
ConocoPhillips said it will be selling its leasehold in the Clyden oil sands for USD 720 million to Imperial Oil Ltd and ExxonMobil Corp's Canadian unit.
A farm-out deal was signed between Chariot Oil & Gas Ltd and Cairn Energy Plc. A farm-out deal was signed between Chariot Oil & Gas Ltd and Cairn Energy Plc.
