Kampac International Chairman Charles Ampofo lauded the Philippines' economic growth. It was recently reported that a Dubai based oil firm is negotiating a deal to develop a USD5 billion Energy City project located in the Philippines.
Energy
Consol Energy agrees on asset sale to Murray Energy Corp
Consol Energy would be selling some of its assets to Murray Energy Corp in a deal worth USD 850 million.
Mubadala Petroleum in expansion mode
The subsidiary of UAE's Mubadala is on an expansion mode. Mubadala Petroleum has been looking to expand into overseas markets such as Thailand and Indonesia, as well as commence exploration work in Tanzania within 2013.
Green Field Energy seeks bankruptcy protection
Oil service company Green Field Energy Services Inc filed for a Chapter 11 bankruptcy protection in a Delaware court.
Libya exercises right of first refusal over Marathon Oil's shareholdings in Waha Oil
In nixing the deal to allow the exit of Marathon Oil, a below market offer would be made shortly by the Libya owned NOC for the shareholdings.
Latest News
Bunge Ltd CEO is seeking to sell off its 'crown jewels' as depressed prices and operating losses have made the business unprofitable.
In an unprecendented move, China's Sinopec is selling off shale gas acreages in Canada. An executive for the SInopec Group is seeking to sell half of its holdings in the two biggest shale gas acreages in Canada.
The bid made by LinnCo for Berry Petroleum is but one of the transactions that the US SEC is reviewing.
Atlantic Grid had moved to connecting power for delivery to New Jersey state. The company that had plans to build an undersea power transmission line backed by Google, Atlantic Grid Development LLC, has refocused its efforts in moving electrical power across New Jersey instead of its original plan of interconnecting offshore wind farms.
Eneva SA, whose main shareholders EON SE and Eike Batista Brazilian utility firm Eneva SA, whose main shareholders are German EON SE and Brazilian mogul Eike Batista, is in discussion with banks and its partners on means to avoid the redemption of USD300 million worth of indebtedness owed by a natural gas company it owns with Batista.
Microinverter maker Sparq Systems Inc secured USD 2.75 million from MaRS Cleantech Fund and other venture capital firms.
News about Ophir's asset sale in Tanzania caused the oil and gas explorer's shares to rise.
Henan Dayou Energy said the country's regulators were investigating them for disclosing information illegally.
Ian Dunlop, climate change advocate, is being campaigned against by no less than the BHP Billiton chairman for board director in the mining firm.
