Investors are bracing for Facebook’s Wall Street debut on Friday after the world’s No.1 online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history. Valued at $104 billion, Facebook is larger than Starbucks Corp and Hewlett-Packard combined, sparking intense speculation on how much higher its valuation will rise once shares [...]
Enbridge Inc kicked off one of the most sweeping expansions in its history on Wednesday, a C$3.2 billion ($3.2 billion)series of projects across its pipeline system aimed at moving western Canadian crude to Eastern refineries and preventing bottlenecks in the U.S. Midwest. Enbridge, already the largest transporter of Canadian oil exports, said C$2.6 billion worth [...]
Asian energy giant PetroChina plans to join with Shell Canada and major energy companies in Japan and South Korea in developing a liquefied natural gas export project in British Columbia. Shell will hold a 40 percent stake in the project, with Korea Gas Corp., Mitsubishi Corp. and PetroChina Co. each holding 20 percent shares, the [...]
Plans by Aker Solutions to add another 500 jobs to its current 2,700 strong operation in the North East were announced today as First Minister Alex Salmond held talks at the international oil services company’s headquarters in Oslo, Norway. Aker Solutions, already one of the largest employers in the region, has a growth target for [...]
Ukraine is likely to award tenders to two Western energy companies for potentially large shale gas fields, a government source said on Thursday, as Kiev tries to reduce its dependence on gas imports from Russia. Anglo-Dutch Shell and Chevron of the United States are likely to win the right to explore and develop the fields, [...]
Russia’s state oil company Rosneft on Saturday struck a $2.5 billion Arctic exploration deal with Norway’s Statoil, its third major tie-up in a month and a sign of its growing global ambitions. The alliance’s signature was overseen personally by Vladimir Putin in advance of his return to a third Kremlin in which Russia’s stalling oil production will one of his biggest concerns. [...]
Japanese and Russian officials are exploring the possibility of building a natural gas pipeline to ensure Japan’s energy security, a Gazprom official said. Gazprom Deputy Chairman Alexander Medvedev met with a parliamentary delegation from Japan in Moscow. Representatives discussed prospects for liquefied natural gas from the Sakhalin plant on the east coast of Russia. In addition, [...]
Shell Corporation has approved a fresh $4 billion (N636 billion) investment to pursue its crude oil exploration and production activities in Nigeria, the Managing Director of Shell Development Company of Nigeria Mutiu Sunmonu has said He said this yesterday at the on-going Oil Technology Conference in Houston, Texas while, speaking on the investment opportunities in [...]
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