Thu, Jan 29 2015
MILAN/FRANKFURT - German utility E.ON aims to sell its most valuable asset in Italy, a 531 megawatt (MW) hydro-power plant valued at at least 1 billion euros ($1.13 billion), in the first half of this year, several people familiar with the deal said.
Wed, Jan 28 2015
BAGHDAD - Royal Dutch Shell signed a deal with Iraq on Wednesday worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, boosting the country's aim to become a major regional energy player and diversify its income.
Tue, Jan 27 2015
FRANKFURT - Siemens executives defended their $7.6 billion deal to buy U.S. oilfield equipment firm Dresser-Rand, saying oil demand would grow long-term and synergies could increase.
Mon, Jan 26 2015
MUNICH, Germany - German industrial group Siemens is set to face a storm of questions on Tuesday over its $7.6 billion (£5 billion) decision to buy U.S. oilfield equipment maker Dresser-Rand .
- Sandell Asset management Corp, a small New York-based activist hedge fund, asked pipeline operator SemGroup Corp to explore strategic alternatives including a sale.
Wed, Jan 21 2015
HOUSTON - Leading pipeline company Kinder Morgan Inc will buy Hiland Partners, a pipeline and logistics company founded by Continental Resources Inc Chief Executive Officer Harold Hamm, for $3 billion, the company said on Wednesday.
- Oil pipelines in the United States are undergoing a historic realignment in response to new production in the Eagle Ford development in south-central Texas, redevelopment of older production in the Permian Basin, and new flows of oil from the Midwest and Canada that have oversupplied Midwest markets.
HOUSTON/CARACAS - Refining company Citgo Petroleum, the U.S. subsidiary of Venezuela's state-run oil firm PDVSA, is putting its midstream assets up as a guarantee for $2.5 billion in bonds and a loan that will be issued, according to data from Thomson Reuters IFR.
- Kinder Morgan Inc , the top U.S. pipeline company, on Wednesday said co-founder Rich Kinder will step down as chief executive this summer in a long-expected move.
Tue, Jan 20 2015
BRUSSELS - European Union antitrust regulators have set a Feb. 23 deadline for a decision on whether to clear General Electric's planned purchase of most of French engineering group Alstom's power equipment business.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.