Local and foreign oil firms in Iraq would be keeping low profiles as tensions regarding a possible Syria strike retaliation looms over Iraq.
Energy
Foreign firms in China strengthen compliance as investigations continue
Foreign companies in China strengthened their compliance of laws as authorities continue their antitrust and corruption probes.
Australia, Norway governments face defeat in polls despite booms- Reuters
Reuters reported that that the ruling governments of Australia and Norway would face possible defeat in polls set for this month.
New bidding guidelines set to govern new ultra mega power plant constructions
A new set of bidding guidelines will be utilized for the newest ultra mega power projects for the next decade.
PE firm LDC expects windfall from Matrix buyout
Private equity firm LDC would be expecting a windfall from the recent sale of energy management group Matrix and its parent company Green Sky Energy to German energy company E.ON.
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Analysts said that General Electric Co would be eyeing Dresser-Rand Group Inc. and Dril-Equip Inc as potential takeovers.
Matrix, the leading efficient energy management company, was purchased by E.ON Connecting Energies for an undisclosed amount.
The Vaca Muerta oil field is set to be offered for bids by the regional authority of Patagonia, Argentina.
This week, BlackRock Inc. had bought shares in OGX Petroleo & Gas Participacoes after its increased presence in Brazil's benchmark index.
Oasis Petroleum purchased four acreages in North Dakota for USD 1.52 billion. Oasis Petroleum Inc inked four separate deals to purchase North Dakota acreage for USD 1.
Impax Asset Management announced its acquisition of two wind farms in Northern Finland. London-based Impax Asset Management Group said it had purchased two wind farms from Fortum Oyg and Metsahallitus.
China National Petroleum Corp bought a 20% stake in Novatek's Yamal liquified natural gas venture.
The Hudson Clean Energy Partners had invested USD6 million to Siicor Materials for the latter's expansion plans.
As the company faces an investigation on corruption under the previous leadership, the new management of PetroChina is seeking to distance itself from the legacy of its former chairman.
