Exelon bumps up hostile bid for NRG — Recognizing that NRG has done a good job of blocking its takeover bid, Exelon has raised the offer about 12 percent, to $7.45 billion. NRG’s annual meeting is later this month, and it’s hoped the increased amount will encourage more stockholders to accept the offer. Initial signs, though, suggest that it may not be enough. [Source:...
Energy Industry Archive
July 2009
In yet another sign of China’s interest in locking up oil and gas resources for its energy-hungry economy, China National Petroleum Company is reportedly reviving its $17 billion bid for the Argentine arm of Repsol YPF. CNPC may offer to buy up to 75 percent of YPF — Repsol’s Argentine company – while China National Offshore Oil Companyor CNOOC is interested in...
Maybe funding for cleantech companies is stabilizing — or maybe there’s just excitement over a particular segment. The latest report detailing cleantech fundings is out, and of its $1.2 billion in deals, up 12 percent over last quarter, almost exactly half went to companies in transportation. The big winner was vehicles themselves, by dollars if not number of companies. Just four...
Iraq’s oil auction — viewed as an opportunity for foreign firms to access the country’s rich resources for the first time in nearly 40 years — didn’t quite meet the lofty expectations swirling around it in recent weeks. The auction, which offered up six oil and two gas fields, promised to inject some much-needed cash into Iraq’s coffers, resurrect damaged...
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