Lenders to India’s power industry are scheduled to meet Thursday to discuss ways to resolve 1.4 trillion rupees (S$25.5 billion) of stressed assets that’s hobbling the sector, people with knowledge of the matter said.
Malaysia’s state-owned oil and gas company Petroliam Nasional Bhd said on Thursday it is buying a 25 per cent stake in a Canadian liquefied natural gas (LNG) export project, nearly a year after cancelling its own planned terminal.
AT the International Energy Forum in Delhi in April, the world’s top oil producer Saudi Aramco inked a preliminary deal to partner with a consortium of Indian players to build a US$44 billion refinery and petrochemical project on India’s west coast.
India’s Adani said on Monday it had cancel Led plans with Downer EDI Ltd to help develop and run its Carmichael coal mine in Australia after failing to secure a cheap government loan for the A$16.5 billion (US$13 billion) project.
Top global miner BHP Billiton Ltd said on Tuesday it will drive further cost cuts across its Australian business, and forecast strong price support from China for steelmaking raw materials.
India’s Adani Enterprises said on Monday it will start work in October on its Carmichael coal project in Australia using A$400 million (S$430.7 million) of its own funds, even as it looks to lock in financing for the controversial mine.
Oil prices edged up on Friday, lifted by a report that producer club Opec could extend an output cut aimed at reining in a global fuel supply overhang.