In an effort to improve South Africa's power situation, Eskom SOC would be issuing debt instruments to fund the building of two of the world's largest coal fired plants.
Energy
AEV to Secure Funding Requirements for Philippine Power Projects
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 Blasts Hess Corp's Two Director Offer
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 Sells Debt in Six Tranches
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.
Glencore orders work stoppage at Balaclava Island terminal
Glencore Xstrata decides on work stoppage to cut costs amidst falling demand and declining prices for coal in the world market.
Latest News
Former Enron CEO Jeff Skilling is set to be released from prison by 2018 because of an agreement with federal prosecutors.
Atlas Pipeline's acquisition of TEAK Midstream recently concluded. Atlas Pipeline Partners, L. P. disclosed today that the earlier announced acquisition of TEAK Midstream, LLC, has already concluded and effective date of purchase is 1st of April 2013.
Quicksilver Resources withdraws its IPO because of weak natural gas liquid prices. In a bittersweet move, Quicksilver Resources has withdrawn its IPO plans because of weak natural gas liquid prices.
Petronas of Malaysia has purchased a stake in a Brazilian oil field owned by Eike Bautista. Petronas, the state backed Malaysian oil company Petronas has entered into an agreement to pay US$850 million for a stake in an oil field located offshore in Brazil.
TallGrass Energy IPO to be done with an expectation of revenues amounting to US$300 million. About US$300 million is expected to be raised by Tallgrass Energy Partners LP from its initial public offer.
Inergy Midstream to purchase Crestwood Midstream for an estimated US$1.25 billion. Inergy Midstream LP is a pipeline partnership that was traded publicly a year and a half ago.
Buffett denies speculation that Suntech is in the list of acquisitions of MidAmerican Energy. The chairman of Berkshire Hathaway, Warren Buffett has indicated that he has no plans to purchase Suntech Power Holdings Co.
Ray Irani bids adieu to Occidental. Occidental Petroleum Corporation's Chairman Ray Irani was ousted from his position as Chairman last Saturday by the shareholders of the firm.
GE obtains approval from the Federal Trade Commission for its purchase of Lufkin pumps. General Electric Co obtained antitrust approval to purchase oilfield pump manufacturer Lufkin Industries Inc.
