Repsol is considering to sell its 30% stake in Gas Natural Formosa worth Eur 4.5 billion but holds it off until deal with Shell is finalized.
Energy
Oman's Sembcorp to hold its IPO in September
Sembcorp Salalah Power and Water Company stated that it was now preparing for its IPO in September. Oman's Sembcorp Salalah Power and Water Company announced that it is preparing to float an initial public shares offering in September of this year.
Lanco Infratech, to restructure US$1.3 billion debt
Indian business conglomerate Lanco Infratech begins debt restructuring process. Indian construction company Lanco Infratech Ltd has initiated restructuring debts amounting to INR 75 billion (US$1.
EU, China defuse biggest trade row to date
China and the European Union have agreed on a trade price and concluded a six-week dispute over Chinese solar panels.
Reliance Industries Ltd and ONGC signs MoU for infrastructure sharing
ONGC and Reliance Industries signed a Memorandum of Understanding that allows them to share infrastructure on the east coast.
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Ciris Energy was able to close a total of USD 25 million from Asia Pacific Capital of Hong Kong in Series C funding.
The UK venture capital company is investing GBP 70 million to fund British companies with thrust in clean energy.
Adenium Capital and its venture partner ForVEI announced that it had acquired a 24 megawatt solar facility in Italy.
Statoil ASA announced a profit decline for the second quarter of 2013. Norwegian energy company Statoil ASA experienced an unexpected drop in profit in the second quarter, a backlash of the declining gas and oil production and prices.
PNC Financial Services Group gave Emerge Energy Services a US $150 million loan facility, which will be used to refinance its debt and to cover general corporate purposes.
Z Energy Ltd. of New Zealand said that they are planning to raise US$717 million through an initial public offering.
BrightSources stated that it has raised up to US$15 million in convertible promissory note offerings and equity funds.
The Renewables Infrastructure Group Ltd. raised US$460million or GBP300 million in concluded IPO. The Renewables Infrastructure Group Ltd. (TRIG), announced that they were able to raise GBP300 million or US$460million.
According to past reports, natural gas companies planned on expanding their operations in the Gulf region.
