Riversdale Mining is set to raise AU$337 million to accelerate development of the Benga coal project, as well as explore the company’s other Mozambique tenements. The project has a production target of 20 million tpa by 2013.
Teekay LNG is raising funds by offering 1.7 million shares for sale.
BP has agreed to buy Verenium’s cellulosic biofuels business for US$ 98.3 million.
The US Department of Energy has released a report that outlines the economic impact of the Recovery Act in advanced batteries and vehicles.
For the first time since 20 April, oil has temporarily stopped leaking into the Gulf. BP is awaiting well integrity results to see how much pressure the well can endure.
The NOIA has criticised the new suspensions for being overly restrictive on their industry and the lack of consultation before its implementation.