Private equity firm District 5 Investments said today it’s investing up to $35 million in startup Pathfinder Resources, a limited liability company formed to acquire producing and non-producing oil and gas mineral interests, royalty interests and non-operated working interests across the U.S.
Swiss independent producer MNP Petroleum said Thursday it’s entered into a binding agreement with privately-held GSC-TL Partners for a staged private placement of up to 60% of MNP’s equity for up to $35 million.
Indian conglomerate Larsen & Toubro (L&T) won a major pipeline contract valued close to 1.7 billion Indian rupees ($261.54 million) with Kuwait Oil Company (KOC), following a “stiff international competitive bidding,” Kallanish Energy reports.
The UK energy industry will lose one of the few women holding a chief executive position, as Dorothy Thomson retires from British energy giant Drax after 12 years of leadership, Kallanish Energy learns.
Qatargas, the world’s largest liquefied natural gas producer, said this week it’s signed a three-year sales and purchase agreement with BOTAŞ Petroleum Pipeline, Turkey’s state-owned crude and natural gas pipeline and trading company.
Russia’s Rosatom State Atomic Energy Corp. CEO Alexei Likhachev held meetings with representatives of Saudi Arabia on the sidelines of the 61st General Conference of the International Atomic Energy Agency (IAEA) in Vienna.