Z Energy Ltd open for IPO in New Zealand. Z Energy Ltd's owners, a gas station conglomerate that provides one third of all of New Zealand's fuel needs, has appointed a number of banking institutions for the possible sale of as much as 60% of the company on the public bourse.
Energy
AmSpec Acquired by Incline Equity
Amspec purchaes Incline Equity Partners. Incline Equity Partners announced today that it acquired AmSpec. Incline is a small and medium business focused equity firm with headquarters in Pittsburgh.
Carlyle Group Hires Energy Investment Team
The Carlyle Group forms its London based energy investment team. A six person energy investment team was hired by the Carlyle Group to take advantage of the forecasted increase in demand for energy and equivalents in the next few years.
MNGV to Build Natural Gas Plant
MNGV to build RM7 billion gas plant in Tanjung Langsat, Johor, Malaysia. Malaysian NGV Sdn Bhd will be building a RM7 billion or US$2. 30 billion regasification facility to be located in Johor, Malaysia.
Kinder Morgan Energy Acquires Copano
In an all stock deal, Kinder Morgan Energy purchases Copano. The role shale oil production in the United States continues to drive the growth of the energy sector.
Latest News
Glass Lewis changes tune on Occidental Petroleum Chairman Ray Irani. Investor advisory firm Glass Lewis has made an about face on its recommendation for voting preferences for Occidental Petroleum Executive Chairman Ray Irani.
Surgutneftgas announces US$29 billion cash pile amidst a tangled web of financial reporting information.
Clariant is seeking a partner or funding to finance its second generation bioethanol plant. Clariant AG is preparing to be in bed with a partner to help raise funding for its second generation bioethanol plant.
In an effort to increase dividends, Suncor CEO undertook a share buy back program. The largest energy company by market value, Suncor Energy Inc announced that it would buy back nearly Can$2 billion or US$1.
McClendon, after his exit from Chesapeake Energy, is now undertaking a new venture, American Energy Partners.
Petromoc is mulling on IPO options as to venue and value. The Mozambique state owned distributor of petroleum products, Petroleos de Mocambique SA, is in the process of reviewing the possibility of an initial public offer of its shares either in South Africa or Europe.
The neighbors at the Formosa Strait are now in agreement as to oil and gas explorations in Myanmar. Sinopec Group, the largest Asian oil refiner, had announced last Thursday that it had entered into an agreement to sell its 30% shareholdings in an oil and gas block located in Myanmar.
IFC has forged a US$50 million credit facility for Acme Solar Energy projects. The World Bank's private sector finance arm, the International Finance Corp, has plans to loan as much as US$50 million to an Indian solar power developer in order to finance the building and operation of key power projects.
KazMunaiGas are preparing two tranches of Eurobond issues each with a nominal value of US$200 million.
