Investors urged to reject Exillon’s plans
Management at Exillon Energy face another battle to win investor support three months after facing down attempts by a dissident shareholder to oust board members of the London-listed Russian oil…
Oil and gas: Gazprom looks east to restore fortunes as US shale gas booms
In the pipeline: ‘Power of Siberia’ will be ready by late 2016 It took a while for Gazprom to awake to the threat the US shale revolution posed for Russia’s…
Peña Nieto promises radical Pemex reform
©Getty Enrique Peña Nieto: expectations that he can push through change are higher than they have been for 25 years Enrique Peña Nieto, the Mexican president, vowed to press ahead…
Lord Browne to advise Alfa on oil deals
Lord Browne, the former chief executive of BP, is to advise Russia’s Alfa Group on global energy investments, as it looks to spend some of the $14bn proceeds from its…
Saipem shares hit as group forecasts loss
Saipem lost more than a quarter of its market value on Monday after a second profit warning in less than six months as the new management of Italy’s oil services…
Saipem / Eni: out of the flow
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Li Ka-shing seals €950m Dutch waste deal
Li Ka-shing’s Cheung Kong group of companies is paying €950m ($1.27bn) for a Dutch waste collection and incineration company, highlighting the appeal of income generating assets among cash-rich Asian investors.…
The power of a training in trade
©Eyevine Shipping up: Gautam Adani convinced the government of Gujarat to let him develop a harbour facility near Mundra, India’s largest private port The ascent of Gautam Adani is among…
Warburg Pincus backs Delonex Energy
Private equity firm Warburg Pincus is leading a group of investors committing up to $600m to a new Africa-focused oil and gas explorer led by Rahul Dhir, ex-chief of Cairn…
Bumi lines up BP veteran as chairman
Bumi, the coal miner founded by Nat Rothschild, has lined up a former BP executive as its new chairman in what it hopes will signal a fresh start for the…
Mining: Fight against mineral rights abuse is high on agenda
©Bloomberg Benefit system: David Cameron, UK prime minister, at a G8 forum in London. Social impact bonds pay dividends based on success in delivering public services The problems of tackling…
Investors Chronicle: June 14 highlights
Buy: Green Dragon Gas (GDG) ©Hand out Green Dragon Gas Dril GDG’s shares are priced 20 per cent below its core valuation and we don’t think plans to spin out…
Chesapeake investors fail to agree reforms
Chesapeake Energy, the gas and oil company that has been subject to investor concerns about corporate governance for years, has failed in attempts to improve its practices, because of lack…
US eyes improvement in oil production
Significant improvements in US oil production will be necessary for the country to meet its demand entirely from domestic resources, the government’s Energy Information Administration has said. The US could…
Mine deal adds to scrutiny of ENRC
A gold mine linked to employees of troubled miner Eurasian Natural Resources Corp, the FTSE100 miner, was sold for 18 times the price paid for it barely a year earlier,…