ConocoPhillips’ plan to sell its stake in an oil find off Senegal to Woodside Petroleum hit a speed-bump on Tuesday as a junior partner attempted to buy time to pre-empt the deal at the same time it announced an...
Energy
IFC to invest up to USD 125 mn in Hero Future Energies
NEW DELHI: International Finance Corp (IFC) will invest up to USD 125 million in Hero Future Energies, the renewable energy venture of the Hero Group. “IFC together with IFC Global Infrastructure Fund will invest...
PDC Energy announces entry into the core Delaware basin through acquisition of about 57,000 net acres
PDC Energy Inc : * PDC Energy announces entry into the core Delaware basin through transformative acquisition of approximately 57,000 net acres * Deal for $1.5 billion * Company intends to fund cash portion of...
Questar says Public Service Commission of Utah has approved merger with Dominion Resources
Questar Corp : * Public Service Commission of Utah has approved merger with Dominion Resources * Expect transaction to close in 2016 shortly after final regulatory approval is received Source text for Eikon: Further...
Vedanta sees no tax hitch in merger
Edinburgh-based Cairn Energy will have a five per cent holding in Vedanta Ltd after the latter’s absorption of Cairn India. Cairn Energy, which has an ongoing tax dispute with the Indian government, will also get four...
Tata Power in talks to acquire power arm of DB Corp promoters
Tata Group head honcho Cyrus Mistry is betting big on the domestic power sector. ET NOW learns that Tata Power is in talks with Bhopal headquartered leading print media company DB CorpBSE 0.23 % for a potential buyout...
Seven Generations closes acquisition of Montney Nest Assets
Seven Generations Energy Ltd * Seven generations closes acquisition of Montney Nest assets that significantly expand high-growth Kakwa river project * With acquisition complete, 7G’s 2016 production guidance is...
FTC closes probe into scrapped merger of Williams, ETE
U.S. antitrust enforcers said on Thursday that they have formally closed their probe into the now-scrapped merger of Energy Transfer Equity, LP (ETE.N) and the Williams Companies (WMB.N). The Federal Trade Commission...
Tata Power arm closes $30 million stake sale in OTP Geothermal
NEW DELHI:: Tata PowerBSE -0.65 % today said its Singapore-based subsidiary Tata Power International Pte (TPIPL) has completed the sale of its 50 percent stake in OTP Geothermal Pte to KS Orka Renewables (KS Orka) for...
Azure Power in talks to sell stake to Brookfield to raise Rs 500 crore
MUMBAI: Azure Power Global is in talks with Canadian asset manager Brookfield to raise as much as Rs 500 crore by selling a significant minority stake to fund the Delhi-based clean energy firm’s plans to expand...
Chesapeake to sell interests in Barnett shale operating area
Chesapeake Energy Corp said on Wednesday it agreed to sell its interests in the Barnett shale operating area to private equity-backed Saddle Barnett Resources LLC. The company also cut its average daily production rate...
SolarCity says proposed Tesla acquisition to delay project financing by about 30 days – Conf Call
SolarCity Corp * SolarCity Corp says project financing delays of about 30 days due to the proposed Tesla acquisition * SolarCity says cash balance expected to increase by the end of Q3 and to further increase by the end...
