Citi fund buying Spanish highways for $10 billion (at MarketWatch)
A Citigroup infrastructure fund is bidding 7.9 billion euros to buy a Spanish highway operating firm, the firms say on Monday.
Archive for the 'Gas News' Category
OPEC Chief: Cartel May Decide ‘Major’ Output Cut
OPEC will decide on a “major” output cut next month if the oil market is deemed to be deteriorating, the cartel’s secretary general Abdalla Salem El-Badri said.
GMC Yukon hybrid featured in Macy Parade
Filed under: Green Culture, Hybrid, GM, GMC, Green Daily, USA
General Motors is the Official Vehicle Supplier for the Macy Thanksgiving Day Parade. There, now you’ve learned your requisite something new for the day. This year, The General decided to trot out hybrid versions of the full-size GMC Yukon to pull various parade floats and giant [...]
Sacyr Vallehermoso in $10B deal with Citigroup (AP)
Spanish construction company Sacyr Vallehermoso said Monday it has agreed to sell its highway-operating unit, Itinere, to Citigroup Inc. in a deal valued at nearly euro7.9 billion .
OPEC to slash December output: secretary general
The Organisation of Petroleum Exporting Countries (OPEC) will cut its December production by a “good amount,” its secretary general Abdalla Salem El-Badri said.
Kuwait Revalued JV With Dow Chemicals Down By $4B
Kuwait has revalued a $20 billion joint venture with Dow Chemical down to $16 billion. KPC has sent a delegation to the United States to renegotiate the deal, now expected to come in at around $16 billion
SICO: Petrochemicals Round Up (30-Nov-08)
This is a PDF report.
Motown to Washington caravan a bust
Filed under: Green Culture, Chrysler, Ford, GM, Legislation and Policy, Green Daily, USA
The plan to drive a slew of Detroit’s best new cars from the Motor City to Washington, DC is over before it even got started. Amazingly, there was just too much support for the idea, which led to a complete lack of control [...]
Tundra 5.7L V8 gets flex-fuel option for ‘09
Filed under: Ethanol, Flex-Fuel, Toyota, USA
Toyota has announced updated pricing information for the 2009 Tundra full-size truck, along with a few new options that weren’t available before. Chief among these new features is flex-fuel capability on the largest, most powerful 5.7L engine option. Toyota has been planning on adding this capability since the new Tundra [...]
Iran says oil market oversupplied by two million bpd
Crude producer Iran said on Sunday that the world oil market is oversupplied by two million barrels a day after OPEC decided to leave its oil output quota unchanged amid falling prices.