Renaissance has acquired three oil wells from Black Elk Energy. A privately held oil and gas company based in Houston has completed the acquisition of select Black Elk Energy assets.
Energy
Pre-packaged Bankruptcy Proposed by Energy Future
Energy Future Holdings has proposed a bankruptcy plan to manage the company's debt. Formerly known as TXU Corp, Energy Future Holdings has presented a pre-formatted bankruptcy case that would restructure its debt of $32 billion but no agreements have been finalized according to the company last Monday.
Suntech to Sell Off Italian Assets and Shareholdings
Suntech, in a bid to trim its debt, it would be selling off its Italian assets and shareholdings. A company spokesman said that Suntech Power Holdings Co.
Centrica-Qatar venture purchases gas assets in Canada
Centrica-QPI joint venture purchases Suncor assets in Canada. Centrica of Britain and Qatar Petroleum International has purchased gas and oil assets previously owned by Suncor Energy.
Gassco Shuts Down Kollsnes Plant
Due to a planned maintenance check and low levels, the Troll Gas Field distribution plant at Kollsnes was shut down.
Latest News
SunTech exploring options with investors and buyers of assets. Beleaguered Chinese solar panel manufacturer Suntech Power Holdings Co Ltd is now seeking to sell off some of its assets.
First Solar's shares jumped 45 percent with its announcement that it will acquire a new solar technology and that revenue in the next three years will be above Wall Street estimates.
GE enters into a jv with Enel Green for Buffalo Dunes Wind Farm. US conglomerate General Electric Co would be providing both financial capital and technological capbility for the 250 megawatt Buffalo Dunes wnd farm located in Kansas.
GE acquires Lufkin to support its oil and gas support services. General Electric is nearing the completion of the acquisition of oilfield services provider Lufkin Industries.
Investment firm Energy Capital Partners has increased its offer for EnergySolutions Inc. by 40 cents or $4.15 per share.
The private equity firm adds an 11% premium to the offer for EnergySolutions shares. Three months after its initial bid, Energy Capital Partners has increased its offer for nuclear waste management firm EnergySolutions from US$3.
In the wake of Rio Tinto's possible sale of shareholdings in the Iron Ore Company of Canada, Labrador Iron Ore is studying its options for the future.
Sovcomflot's IPO has been shelved by the Russian Government due to unfavorable market conditions.
Pavilion Energy Pte would be investing in LNG related industries. The sovereign wealth fund of Singapore, Temasek Holdings Pte Ltd has established a new investment fund focused on liquefied natural gas.
