Wall Street Journal reported on Sunday that Royal Dutch Shell would be selling its Eagle Ford unit in South Texas.
Energy
Eni to exit stake in German gas networks - report
German newspaper Stuttgarter Zeitung said on Wednesday that utility company EnBW would be buying Italian energy company Eni's stake in the German natural gas transmission networks they co-owned.
Power Group EDG in talks with Dalkia to acquire Citelum
On Tuesday, Power group EDF confirmed an early press report that it has started talking to Dalkia France to acquire public lighting and urban electrical equipment company Citelum.
San Miguel sells stake in Manila Electric
San Miguel Corp sold its 27.1% stake in Manila Electric Company to JG Summit Holdings Inc. valued around USD2 billion.
Nigerian President gives control of power firms to private companies
Nigerian President Goodluck Jonathan handed control of 14 power companies formerly owned by the state to private investors.
Latest News
Creditors were poised to provide USD5.9 billion loans to Tokyo Electric Power Co. (Tepco), according to a Reuters report.
According to a statement from NZ Finance Minister Bill English, nearly half of the IPO shares in Meridian Energy was already spoken for by New Zealand brokers.
Videocon Group Chairman Venugopal Dhoot confirmed that its West Bengali project would commence by the end of 2013.
British solar solutions provider Solarcentury announced that it had formed a new venture in solar energy with South African local partner Momentous Energy.
Greencoat, fresh from its IPO, purchases two wind farm projects from BayWa at a total cost of GBP70 million.
The Asian Development Bank had allotted two loans for renewable energy and utilities projects in both eastern and western India.
In a bid to maximize benefit from high consumer demand, SABIC issues a five year dollar denominated bond projected to be worth USD1 billion.
Danish wind turbine producer Vestas Wind Systems announced that it would be forming a new joint venture with Japanese conglomerate Mitsubishi Heavy Industries.
OAO Gazprom Neft, the Russian state owned natural gas giant, has been shopping around for lower interest rate termed loans.
