Petroleo Brasileiro SA's acquisition of Angolan LNG's first cargo was expected to lessen the shipping demand.
Energy
Samin Tan agrees to US$223 million deal for Bumi Plc
Samin Tan agreed to buy Bumi Plc shares for US$223 million Coal tycoon Samin Tan has agreed to a US $223 million deal that would elevate his stakes in Bumi Plc to over 47%.
Schneider Electric in talks with Invensys for possible US$5 billion takeover
Schneider Electric announced that they are in early talks to buy Invensys for US$5billion. Schneider Electric announced that they are in early talks to buy Invensys Plc.
China's Sinosteel in talks to obtain Nigeria's steel mill
Sinosteel was in talks with Nigerian ministers for about US$6 million worth investment in Nigerian steel mill.
Russia to ramp up oil exports in Asia at Europe's expense
Russia announced that it would lift its oil exports in Asia and consequently decrease the distribution for Europe.
Latest News
Good Energy Group Plc would sell 3.1 million stocks to finance UK solar park developments. Britain's renewable power provider, Good Energy Group Plc, planned to raise GBP3.
Michael Hession was appointed as new CEO of InterOil, effective July 1, 2013. InterOil Corporation announced today that Dr. Michael Hession will be its new Chief Executive Officer.
Falcon Oil & Gas Ltd. acquired Sweetpea's 24% minority interest or 50 million shares in Falcon Australia.
UMW Holdings announced the minimum price per share as it prepares for their market debut before the year ends.
PTT Pcl announced that it is cutting their 2013 investment budget PTT Pcl announced that it is cutting their 2013 investment budget by 46% to 54. 6 billion baht or US$1.
Oryx Petroleum stated it wanted its Kurdistan operations expanded. Canada's youngest publicly traded oil venture company, Oryx Petroleum Corp. , is examining whether or not a property near its main Kurdistan development has identical natural reserves.
A shareholder of OGX asked a Rio court to freeze transactions of firms related to Eike Batista A shareholder of OGX Petroleo & Gas Participacoes requested a Rio de Janeiro court to freeze asset sales and payments to firms linked with billionaire controller Eike Batista.
Biomass Secure Power Inc entered an exclusive negotiation agreement with the Natchitoches Parish Port Commission
Eskom Holdings SOC Ltd. struggled to plug an income gap worth ZAR191 billion. Eskom Holdings SOC Ltd. admitted that it was struggling for ways to plug an income hole of ZAR191 billion equivalent to US$19.
