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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Seplat's public debut has been expected to increase IPOs on the Nigerian Stock Exchange, reported Ventures Africa.
Subscribe to VCpost newsletter
- Google tests airborne drones to deliver goods
- Apple planning 12.9-inch iPad for 2015: Bloomberg
- New iPhones expected at Sept. 9 Apple event
- Abercrombie to shed logo-centric clothes in North America
- Chipmaker CSR rejects Microchip approach, shares soar
- IBM launches Watson system for research, hopes for breakthroughs
- SoftBank's first Sony smartphone deal takes aim at U.S. market
- South Korea's Daum, Kakao shareholders approve merger