In an unusual move, Chinese state-owned CNOOC and Canada’s Nexen Inc. (NYSE,TSX:NXY) have resubmitted notice of their potential deal to US regulators, which will reset the clock on Washington’s approval for the $15 billion energy deal.
Persian Gulf-based Investcorp said on Tuesday it had sold US truck and trailer parts distributor FleetPride to TPG, one of the largest private equity investment firms, for more than $1 billion.
Western Canada’s Vancouver, Victoria, Smithers and Prince George are expected to be Tuesday the main stage for rallies against oil and gas pipelines, as part of national and international actions spearheaded by the Unis’tot’en clan of the Wet’suwet’en Nation in British Columbia.
Canada’s Enbridge Inc. (TSX, NYSE:ENB) announced Monday its has entered into an agreement with Canopy Prospecting Inc. to develop rail facilities that will deliver crude oil from the Bakken shale prospect in North Dakota to Philadelphia refineries by the third-quarter of 2013.
Well-known executives headhunted from major mining companies such as BHP Billiton, AngloGold Ashanti, Barrick Gold and Xstrata have made the cut to become Anglo American’s new CEO.