Canada's largest pension fund eyes purchase of uranium enrichment firm. One of the world's biggest pension funds in the world, the Canada Pension Plan Investment Board, is interested in acquiring Urenco, the nuclear fuel production firm.
Energy
Rosneft Chief Financier Steps Down After TNK-BP Deal
Dmitry Avdeyev, Rosneft's chief financier, steps down from the position after the Russian oil producer said that it had completed its acquisition of TNK-BP.
Russia-China Deals Boost Oil Supply Deliveries
Oil exports to China from Russia increase for loan funds. With the forthcoming deals to be signed in the next few weeks, Russia would catapult China to become the country's top recipient of oil exports from the former Soviet Republic.
Valero Won't Sell Refineries
The two refineries of Valero are not for sale according to CEO. In a statement, the head of Valero Energy Corp would not be selling off its two refineries located in California.
Bahri to fund Vela purchase with sukuk bonds
Bahri's purchase of Aramco's Vela fleet now needs to be paid through sukuk bond issue. Saudi Arabia's National Shipping Co's acquisition of Saudi Aramco's marine subsidiary placed it in debt.
Latest News
Ameren to sell merchant generation business to Dynegy. Ameren Corp, the American power company, will be selling off its merchant generation business to Dyegen Inc.
Alfa's share in the TNK-BP takeover by Rosneft to be reinvested. Alfa Group, the group that brokered the deal from the sale of the joint venture giant TNK-BP, is now discussing with former BP CEOs John Browne and Tony Hayward as to international oil venture projects.
CEO exit mulled as Sandridge strikes deal with TPG-Axon. SandRidge Energy Inc has forged a deal with hedge fund TPG-Axon Capital whose implication can lead to the exit of the company's chief executive officer.
Idemitsu gets management shakeup and plans future. The third largest refiner in Japan, Idemitsu Kosan Co is keenly interested in the acquisition of stakes in Canadian gas fields.
Directors hope to reap same success in Mozambique project. Three major executives that took part in the creation and sale of Cove Energy Plc have come together again to raise funds for an oil and gas exploration project in Mozambique.
E.ON still on its plan to divest non-performing assets. The largest utilities service provider in Germany E. ON has denied reports that it would spin off its renewable energy unit in order to reduce outstanding debt of in its balance sheet.
Chesapeake files suit against BNY Mellon. Chesapeake Energy Corp has gone to court to sue its trustee Bank of New York Mellon Corp seeking redemption of more than US$1.
Repsol denies Reuters report in explanation to Spanish stock market regulator. In an official statement, Repsol reiterated that there are no ongoing discussions with the government of Argentina as to the expropriation of the Spanish oil giant's share in Argentina's YPF company.
Xstrata CEO to set up private mining fund when he leaves company after Glencore takeover. After Glencore International takes over Xstrata Plc, former top management of Xstrata are planning their next move.
