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POSCO to Develop US$1.8 Billion Coal Gasification Plant in Brazil
2014-12-05 22:45:58| Steel - Topix.net
South Korea's POSCO , the world's fourth largest steelmaker, has signed a protocol of intentions with Brazil's Rio Grande do Sul to construct a $1.8 billion coal gasification plant. With a 2 million m3/day capacity, the plant will produce coal-derived synthetic natural gas through coal gasification.
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More than $150 billion of oil projects face the axe in 2015
2014-12-05 09:30:17| Energy - Topix.net
Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by the end of the decade. As big oil fields that were discovered decades ago begin to deplete, oil companies are trying to access more complex and hard to reach fields located in some cases deep under sea level.
More than $150 billion of oil projects face the axe in 2015
2014-12-05 08:52:30| Oil & Gas - Topix.net
Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by the end of the decade. As big oil fields that were discovered decades ago begin to deplete, oil companies are trying to access more complex and hard to reach fields located in some cases deep under sea level.
Fiat Chrysler launches $2.5 billion mandatory convertible bond, share offer
2014-12-05 03:25:52| Automakers - Topix.net
The newly created FCA, which moved its primary share listing to New York in October, wants to invest 48 billion euros by 2018 to turn Jeep, Maserati and Alfa Romeo into global brands. The company hopes to take on Volkswagen , the holding company of the Agnelli family that founded Fiat, said it would participate in the bond issue by purchasing an amount that would protect its stake of around 31 percent from dilution.
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Qatar raises bid for Canary Wharf-owner Songbird to 2.6 billion pounds
2014-12-04 21:05:12| Real Estate - Topix.net
Qatar Investment Authority and Brookfield Property Partners have offered 2.6 billion pounds for the majority owner of London's Canary Wharf, higher than an earlier approach but still short of Songbird's own expectations. The partners said on Thursday they would offer 3.50 pounds in cash for each share in Songbird Estates, 55 pence a share more than their bid last month, which Songbird rejected, saying it "significantly undervalued" the owner of the business district in East London.
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