OGX and its billionaire owner Eike Batista is recognized as the world's worst performing stock.
Energy
Brazil Pegs Libra Oil Find at US$7 billion
Brazil increased bid price for Libra, the world's largest oil find from US$4.6 billion to US$7 billion.
Naftogaz negotiates loan with Gazprombank
Naftogaz is renegotiating its obligations with Gazprombank. (Photo : Reuters)The image is natural gas fuel burning in a stove. The national oil and gas company of Ukraine, Naftogaz, is undertaking negotiations to extend the demandable maturity date that it owes Gazprombank of Russia.
AMP Capital To Buy Stakes In NZ Power Co Ltd
AMP Capital offered to buy US$408 million worth of stakes for Power Co. (Photo : Reuters)AMP Capital offers to buy stakes in NZ Power Co. AMP Capital offered to buy 42% stake in New Zealand's second largest gas and electric distributor, Power Co Ltd.
Chesapeake to Sell Some Shale Assets
Chesapeake Energy Corp announced selling a portion of its oil and gas holdings in southern Texas and Northern Louisiana.
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Chesapeake Energy Corp would sell its oil and gas assets to Exco Resources for US$1 billion. Chesapeake Energy Corp would sell its properties to Exco Resources Inc for approximately US$1 billion.
Vestas Wind System earned its second in the month wind turbine order from South Africa. Vestas Wind System won a 93-megawatt wind turbine contract in South Africa.
Shoal Point announced the appointment of its new CEO and CFO as well as its newly elected directors.
Brazil's CVM is investigating the put option of OGX initiated by its billionaire owner Eike Bautista.
Shares for Naphtha Israel Petroleum Corp saw an advance this week due to export concerns from other explorers
Breitling Oil & Gas eyed IPO or any strategic alternatives that would yield US$200 million to US$400 million.
Bridger and Riverstone announced its joint venture today to invest on the energy sector. (Photo : Reuters)This is the logo of Riverstone Holdings LLC Bridger LLC, an oil marketing and midstream logistics firm from Dallas, Texas, partnered with Riverstone Holdings LLC to form a joint venture.
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: - Chinese state oil firm CNPC will buy a stake in Kazakhstan's giant Kashagan oil project, through back-to-back deals with Kazmunaigaz through which ConocoPhillips will exit, the Kazakh state oil firm said on Monday.
Rosneft head Igor Sechin denies any takeover plans for PKN Orlen of Poland and Bashneft of Russia. (Photo : Reuters)The image is the Russian signage for Rosneft.
