Energy

Mukesh Ambani

India's Reliance plans $13 million projects including new refinery

India's Reliance Industries (RELI.NS) is considering investing about $13 billion to build new projects, including a 400,000 barrels per day (bpd) refinery at its Jamnagar complex to boost profit by processing cheap, heavy grades.

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Philadelphia Energy Solutions

How ‘Big Corn’ lost the ethanol battle to Philadelphia refiners: Reuters

Six months ago the U.S. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions of dollars.

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Liquefied Natural Gas (LNG) Ltd

LNG closes $49.5M in placement for Magnolia facility

Perth, Australia-based publicly listed firm Liquefied Natural Gas (LNG) Ltd secured $49.5 million in a placement of 90 million shares to its Australian and new US investors at $0.55 apiece for development of its Magnolia LNG facility.

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Space-based solar array panels

Japan eyes space-based solar energy project to replace nuclear plants

The Japan Aerospace Exploration Agency (JAXA) is planning to start a commercialized space-based solar energy farm that would convert sunlight into electricity in a bid to replace the many nuclear power plants built on earthquake-prone areas.

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JX Nippon

JX Nippon Oil & Energy Corporation opens office in African region

JX Nippon Oil & Energy Corporation has opened an office in Johannesburg, South Africa that could indicate possible company expansion as the former looks to collaborate with exploration and retail firms.

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Geostellar

US solar marketplace Geostellar secures $1M through equity crowdfunding

Reston, US-based online solar marketplace Geostellar secured $1 million through equity crowdfunding on the Return on Change platform to upgrade its business model and employ salespeople who will promote its services to US homeowners.

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StealthGas Inc

Greek petroleum firm StealthGas raises $47M in share sale

Kifisia, Greece-based petroleum and petrochemical gas products transporter StealthGas Inc raised $47 million through the sale of 4.47 million common shares at $10.50 apiece for its vessels purchases and other corporate purposes.

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Ambri Inc

American firm Ambri raises $15M in funding to store renewable energy

Cambridge, Massachusetts-based clean tech firm Ambri Inc raised $15 million in a new funding round from KLP Enterprise, Building Insurance Bern, and other investors to find a way to store renewable energy for grid operators.

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petrobas

Brazil's Petrobas to sell its assets in Nigeria

Petrobas, the top oil producer of Brazil, has been looking for potential buyers to acquire its assets in Nigeria valued $5 billion as the company plans for divestment of international assets.

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OAO Rosneft

Rosneft to sell more than 2 mln metric ton of crude oil to BP

Russia's top oil producer has been planning to sell more than 2 million metric ton of crude oil to state-controlled BP in a deal valued more than $1.15 billion and was approved by the company's board.

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Seven Energy

Seven Energy International Limited receives $225 mln equity capital

Seven Energy International Limited has received $225 million equity capital from investors including Singapore's Temasek, IFC and the IFC ALAC Fund to be used for corporate affairs and boosting dometic energy markets in Nigeria.

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Encana Corp

Canada's Encana looking to get CAD700 million from PrairieSky Royalty IPO

Encana Corp has been aiming to get CAD700 million from a planned IPO which was also seen to be the biggest sale of shares since 2010 in Canada's oil and gas industry.

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Wind farm

International Finance Corp shells out $25.8M for wind farm in Pakistan

The International Finance Corp (IFC) is shelling out $25.8 million for the construction of a new wind farm in Sindh province of Pakistan to fill in the increasing energy deficit in the region.

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Tachyus

Silicon Valleys startup Tachyus lands $6M in funding to optimize oil and gas production

Silicon Valley, US-based tech firm Tachyus landed $6 million in a venture round led by Founders Fund to expand its workforce and use data to optimize oil and gas production.

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Seplat's CEO

Seplat's listing is expected to spur IPO on Nigerian Stock Exchange

Seplat's public debut has been expected to increase IPOs on the Nigerian Stock Exchange, reported Ventures Africa.

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