Second phase to bring more than 130 terajoules of gasday Decision comes amid calls to boost local energy supply ShellPetroChina JV Arrow Energy operates Surat project Aug 12 Reuters Shell and PetroChina have decided to expand the Surat coal seam gas project SGP in Queensland, the British oil and gas giant said on Monday, amid calls for […]

LONDON, Aug 12 Reuters India39;s Bharti Enterprises said it would acquire a 24.5 stake in BT Group, buying out the British company39;s top shareholder, Altice UK, the vehicle of Telecoms tycoon Patrick Drahi. Bharti said in a statement on Monday that it had no intention of making an offer to acquire the whole of BT, […]

Aug 9 Reuters Canada39;s Algonquin Power Utilities said on Friday it would sell its renewable energy business, excluding the hydropower operations, to a unit of U.S.based LS Power for up to 2.5 billion. Last August, the company said it was considering a sale of the renewable energy unit under pressure from hedge fund Starboard Value, its biggest shareholder, […]

BEIJING, Aug 9 Reuters Harvest Fund Management, one of China39;s largest asset managers, said on Friday Chairman Zhao Xuejun had resigned and is cooperating with authorities regarding an investigation pertaining to personal problems, without elaborating. Cochairman An Guoyong will serve as acting chairman. The probe has nothing to do with the company39;s fund business, Harvest […]

Aug 9 Reuters Shares of Expedia jumped more than 10 in premarket trading on Friday as markets cheered the online travel agency beating quarterly profit estimates, even as it joined other travel companies in warning of softer demand ahead. Expedia has benefited from a sustained rise in international travel as tourists flock to destinations in the […]