Inpex of Japan is the new partner of Statoil SA in the development of the Rovumba basin oil well in Mozambique.
Energy
MISC Bhd Receives Higher Bid from Petronas
Petronas, whose real business name is Petroliam Nasional Bhd, offered higher price to buyout shipping company.
Petronas Sweetens Deal for MISC Bhd
Petronas, the Malaysian state backed oil and gas firm, has increased the offer made per share. Petroliam Nasional Bhd, the state owned oil and gas company of Malaysia, has increased its offer to purchase MISC Bhd.
India is Selling off Shareholdings in Private Firms
India, in order to raise funds to narrow the budget deficit, is selling off asset shareholdings in Indian corporations.
JinkoSolar Gets Loan from China Development Bank
JinkoSolar obtains a RMB360 million loan facility from China Development Bank. The leading private venture solar power products manufacturer, JinkoSolar Holding Co Ltd announced the signing of a RMB360 million or US$58 million loan agreement with China Development Bank.
Latest News
As a result of Australian rules, Dart Energy is forcing to pull out from coal seam gas project in Australia.
Hess Corp. has announced that it is selling its Russian unit, Samara-Nafta, to LUKOIL in a $2.05 billion deal as activist investors besiege the company for a business change
Suncor, with its plan to ship to refineries directly instead of building an upgrading plant assures better returns for shareholders.
Alupar would be raising nearly 1.16 billion reais for its IPO. Alupar Investimento SA is planning to raise 1. 16 billion reais or US$574 million in its initial public offering of shares of stock.
Areva chief executive officer Luc Oursel told French newspaper Le Figaro that they have interest in acquiring nuclear fuel producer Urenco.
The Chesapeake Energy Board picks COO Dixon as interim CEO. Chesapeake Energy Corp chose COO Steve Dixon to become its acting CEO after co-founder Aubrey K.
The Aamjiwnaang and Bkejwanong First Nations buy a fifty percent stake in Grand Bend Wind Farm. A fifty percent stake in a wind energy project in Ontario was sold to Native Indian groups.
French oil giant Total will be selling off to Suncor its shareholdings in the Voyageur Upgrader joint venture project.
Japan, with its ever increasing demand for LNG, plans to create an LNG Futures listing with the Tokyo Commodities Exchange.
