Austrian oil firm OMV announced that it had agreed to buy a 40% stake in an offshore exploration block in Madagascar from Niko Resources.
Energy
Yanchang Petroleum agrees CAD 232 million acquisition of Novus Energy
Yanchang Petroleum would be purchasing Novus Energy CAD 232 million or USD 220 million. Yanchang Petroleum International would acquire Novus Energy for CAD 232 million or USD 220 million.
Chevron wins Lithuanian shale gas tender - Lithuanian gov't
Sole bidder Chevron won the Lithuanian tender for shale gas exploration, the government said in a Twitter announcement.
France plans tenders for hydroelectric concessions in 2014
France would start tenders for its hydroelectric power concessions by next year. France said it intended to start tenders for hydropower concessions in the first half of 2014.
Wison's major shareholder cooperating with China authorities on corruption inquiry
Wison Engineering Services Co. Ltd, is cooperating with Chinese authorities investigating the corruption allegedly committed by the current state assets regulator during his tenure as PetroChina head.
Latest News
The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.
China Petrochemical Corp.'s unit, Sinopec International Petroleum Exploration & Production Corp. had agreed to pay USD3.1 billion for Apache's Egyptian oil and gas businesses.
The Federal Government of Nigeria lost USD 40 billion in downstream infrastructure investments for 76 non-producing oil leases.
Sinopec, the state owned oil and gas firm, forms Apache and Sinopec Group through the purchase of 33% of the Apache Corp.
A source told Reuters that the European Union Commission will approve Swedish oil refiner Nynas and Royal Dutch Shell's deal despite antitrust concerns.
Investec would coordinate lending facilities for two power plants to be built in South Africa. Investec Plc would provide financing for GDF Suez as it develops two South African gas power plants.
China's corruption goes on overdrive with PetroChina officials falling in its wake. In a widening effort to push its anti-corruption campaign, China has included the country's most valuable company in its dragnet.
Three Suntech Power Holdings Co Ltd directors resigned amid the company's struggling financial difficulties.
Australia's AGL Energy Ltd said that weakened demand prompted the company to delay the development of its power plants.
