Energy Headlines

Thu, Jan 29 2015

E.ON seeks one billion euro Terni plant deal in first half: sources


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.

Deals, Italy 29 Jan 2015

Wed, Jan 28 2015

Shell signs $11 billion deal to build petrochemicals plant in Iraq


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.

Deals, Iraq 28 Jan 2015

Tue, Jan 27 2015

Siemens defends $7.6 billion Dresser-Rand deal


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.

27 Jan 2015

Mon, Jan 26 2015

Siemens faces storm of questions over Dresser-Rand deal

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 .

26 Jan 2015

U.S. activist investor asks SemGroup to explore sale

- Sandell Asset management Corp, a small New York-based activist hedge fund, asked pipeline operator SemGroup Corp to explore strategic alternatives including a sale.

26 Jan 2015

Wed, Jan 21 2015

Kinder Morgan to buy Hiland Partners for $3 billion


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.

U.S. crude oil pipeline projects: Kinder Morgan acquiring Hiland Crude

- 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.

Venezuela offers Citgo assets as guarantee to get credit - IFR


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.

21 Jan 2015

Kinder stepping down as Kinder Morgan CEO, to be executive chairman

- 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.

21 Jan 2015

Tue, Jan 20 2015

EU regulators to rule on GE, Alstom power deal by Feb. 23


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.

20 Jan 2015

Key retirements mean a changing of the guard next year in U.S. Congress

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.