Energy
Eni to Purchase Heritage Oil Assets in Uganda for as Much as $1.5 Billion Eni SpA, Italy’s biggest energy
company, agreed to buy Ugandan oil assets from Heritage Oil Plc,
the U.K. explorer that said this month it was in talks with
potential investors in the region, for as much as $1.5 billion.
Reliance Urged to Pay Less Than $12 Billion for LyondellBasell Industries Reliance Industries Ltd.’s bid for
bankrupt chemicals and fuels maker LyondellBasell Industries AF
will be “positive” if India’s largest company pays less than
$12 billion, brokerage CLSA Asia-Pacific Markets said.
Palmer Open to Talks With Rinehart on $14 Billion Australian Coal Projects Billionaire Clive Palmer would
consider sharing port and rail lines with Australia’s richest
woman Gina Rinehart to cut the combined A$15 billion ($14
billion) cost of their two Queensland coal projects.
NRG Energy to Acquire Blythe, California, Solar Project From First Solar NRG Energy Inc., the second-largest
power producer in Texas, agreed to buy the 21-megawatt AC solar
project in Blythe, California, from First Solar Inc. to reduce
its reliance on coal-fueled generation.
Energy XXI to Acquire Mitsui Oil Stakes in Gulf of Mexico for $283 Million Energy XXI (Bermuda) Ltd., the crude
producer whose stock price more than doubled this year, agreed
to buy stakes in 30 Gulf of Mexico oil fields from Japan’s
Mitsui & Co. for $283 million.
Husky Finds Up to 85 Million Barrels of Oil at Prospect Off Eastern Canada Husky Energy Inc., the oil producer
controlled by Hong Kong billionaire Li Ka-shing, said it found
as much as 85 million barrels of crude after drilling a new well
in the White Rose field off the coast of Canada.
Natural-Gas Futures Poised to Rebound to About $4.70: Technical Analysis Natural gas futures are poised to
rise near $4.70 per million British thermal units as a critical
area of support is formed at $4, according to a technical
analysis of trading patterns.
Volga Gas Advances in London on Potential Reserves Boost From Russian Well Volga Gas Plc, the energy company
controlled by Baring Vostok Capital Partners, rose the most in
almost two months in London trading on speculation that southern
Russian exploration success may allow it to raise its reserves.
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