Saudi Arabian shares increase led by property and petrochemical companies. The majority of the increases in the benchmark stock index of Saudi Arabia was attained in the last four months.
Energy
InterOil discusses with Exxon on Papual New Guinea energy development
InterOil is now in discussion with Exxon as to the development of gas fields in Papua New Guinea. InterOil Corp, the liquefied natural gas producer together with its joint venture, is now in exclusive negotiations with Exxon Mobil Corp in order to develop gas fields located in Papua New Guinea.
Apache Corp Shaken Up Activist Investor Style
Apache Corp is undertaking corporate moves to improve its bottom line. Houston based natural gas and oil producer, Apache Corp will be undertaking major changes with its balance sheet.
OneWind Australia Nearing Completion of one of many projects
OneWind Australia is nearing the completion of the Glen Innes Plant in New South Wales which can generate 100 megawatts by 2015.
Softbank Double Checks Hokkaido Power Plant Projects
Softbank is now undertaking a review of solar power plant projects on Hokkaido island. The Kyodo News agency reported that Softbank Corp is reviewing solar power projects that it is planning to build at the northernmost island of Japan.
Latest News
In an announcement, oil blocks in Indonesia are now available for bidding. The Indonesian government announced the opening of a rights tender for twenty one oil and gas exploration blocks last Friday.
Summit Midsteam announced the operation of the Polar System at the North Dakota project. Summit Midstream Partners, LLC announced today that the operations of the Polar Crude Oil and Water Gathering System ("Polar System") in the Bakken Shale Play in Williams County, North Dakota have commenced near full capacity.
UMW Holdings to sell off 39% of its oil and gas subsidiary through an IPO. The Malaysian industrial to automotive conglomerate, UMW Holdings Bhd, is preparing plans to sell of 39% of its oil and gas production unit through an initial public offer.
Elliott Management withdraws proxy fight with three board seats on the Hess board prior to elections.
JA Solar Holdings Co is ready to pay off US$119 million for interest and principal on bonds it had issued.
New Zealand's sale of Meridian Energy may be the largest IPO of a company in the country. State owned power company Meridian Energy's 49% would be offered to an initial public offer of its shares by the third quarter of the year.
AEV to secure funding requirements for power projects in Mindanao and Luzon. Aboitiz Equity Ventures Inc is expecting the finalization of funding requirements for two power generation projects by next month at the earliest.
Elliot Management calls the offer of Hess Corp of two directors a "PR stunt". In a bid to appease Elliott Management, Hess Corp has offered the maverick investment fund two seats on the board.
Petrobras raises funds through debt issues in six tranches totalling US$11 billion. Petroleo Brasileiro SA, the state controlled oil firm from Brazil, has announced the sale of US$11 billion of global debt.
