Energy Headlines

Fri, Oct 2 2015

UPDATE 1-Glencore in talks on agriculture assets -sources

* Sources say Japanese trade houses also interested (Adds details, background; changes story title to GLENCORE-AGRICULTURE)

Stocks, M&A, Markets, Financials 02 Oct 2015

Saudi sovereign fund, China's COFCO in talks on Glencore agri assets

LONDON, Oct 2 - Glencore is in talks with a Saudi Arabian sovereign wealth fund and China's state-backed grain trader COFCO, along with Canadian pension funds, to sell a stake in its agricultural assets, sources familiar with the matter told Reuters.

Stocks, M&A, Markets, Financials 02 Oct 2015

UPDATE 1-Saipem finalising bank pool for cash call and debt - sources

* Saipem to unveil turnaround plan Oct 27 (Adds source comments, details)

Saipem finalising bank pool for cash call and debt - sources

MILAN, Oct 2 - Italy's Saipem is in the process of finalising a banking consortium to put the troubled oil contractor on a solid financial footing and run a cash call of more than 3 billion euros ($3.4 billion) as it gears up to unveil a crunch turnaround plan, people close to the deal said.

Thu, Oct 1 2015

Deals of the day- Mergers and acquisitions

Oct 1 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

Sovereign wealth funds double deal volumes to $24.9 bln in Q3

LONDON, Oct 1 - Sovereign wealth funds spent a total of $24.9 billion on overseas acquisitions during the third quarter of 2015, almost double the previous quarter as they chased after trophy assets.

UPDATE 3-Glencore resumes slide despite investor meeting, John Mack share purchase

* Stock rises, then falls into negative territory (Adds Mack buying stock, updates share price)

UPDATE 1-Penn West sells Saskatchewan assets, cuts output forecast

Oct 1 - Canada's Penn West Petroleum Ltd announced its latest asset sale and also lowered it 2015 production forecast for the third time as it struggles with a huge debt load and slumping oil prices.

Stocks, Markets, M&A 01 Oct 2015

Canada's Penn West sells stake in Saskatchewan oilfield

Oct 1 - Canada's Penn West Petroleum Ltd said it would sell its non-operated 9.5 percent stake in Weyburn unit, a conventional oilfield in Southeast Saskatchewan, for C$205 million ($154 million).

Stocks, M&A, Markets 01 Oct 2015

Glencore tells investors it is on track to reduce debt -Barclays

LONDON, Oct 1 - Commodities giant Glencore told investors it was on track to reduce its debt by $10 billion with two key deals to close at the end of this year and early next, analysts from Barclays said on Thursday.


Trump accused of “no-show” by Hispanic business group

The Hispanic Chamber of Commerce says Trump has backed out of a scheduled Q&A because he can't defend his views to the group's audience.