Arch Coal agreed to let go of Canyon Fuel as part of its growth strategy. (Photo : Reuters)The image is a coal mine in production. Arch Coal gave up its operations in Utah as it agreed to sell Canyon Fuel Company to Bowie Resources.
Energy
Berkshire's MidAmerican To Issue Bonds for Construction
Berkshire Hathaway's Solar Star Fund LLC unit MidAmerican to issue debt instruments to finance construction of new projects.
Three mines of Arch Coal Inc to be sold off
Three mines owned by Arch Coal would be sold to Bowie Resources LLC. One of the most indebted US coal miners, Arch Coal Inc, has agreed to sell off three of its most profitable mines located in Utah for the price of US$435 million.
China National Petroleum Corp Purchases Stake In Kashagan Oil Fields
China National Petroleum Corp pays out US$5 billion for a share in the Kashagan oil fields of Kazakhstan.
Subsidy increase does little to appease renewable energy investors
Investors in the wind farm industry and renewable energy sector are still doubting the stability of the market even after a 10% increase in subsidy.
Latest News
Speculation of a takeover bid from Rosneft, Lukoil's head squashed said rumors. (Photo : Reuters)The image is the corporate logo of Lukoil. According to Lukoil CEO, the company did not receive any takeover offers nor do they expect any other firm to make one for the company.
Hess Corp started the sale of its oil terminal as the company seeks to receive US$1 billion for the asset.
ONGC Videsh looked at another energy asset in US while Oil India neared acquisition for an African oil and gas asset.
Yesterday, Bumi agreed to recover the missing US$173 million from its former CEO, Rosan Roeslani but is still subject to shareholders' approval.
On Wednesday, Repsol’s board of directors announced that it has rejected a noncash offer from YPF valued at US$5 billion.
After due investigation, the special committee finds no breach of fiduciary duty conducted by the board of directors of Lufkin Industries for the GE deal.
Lark Energy put 100 megawatts worth of projects for sale. (Photo : Reuters)The image is an aerial shot of the proposed project from the LA Department of Water and Power.
Former director of Bumi Rosan Roeslani will be paying the company $201 million. (Photo : Reuters)The image is a Indonesian money held by a woman. Bumi Plc.
State run oil and gas companies, ONGC and Oil India announced to pay US$2.5 billion for Mozambique field stake from Videovon Industries Ltd.
