Britain’s water utilities, which coped with at least three separate periods of drought in the last decade, are ready to offer discounts for drillers needing supplies for fracking oil and natural gas wells.
Riverstone Holdings LLC, the private-equity firm that invests mainly in North American energy assets, will raise as much as $2.4 billion (1.5 billion pounds) through an initial public offering in London.
On April 20, 2010, BP ’s Deepwater Horizon rig exploded, killing 11 men and injuring 17. During the next three months, 200 million gallons of oil gushed uncontrollably into the Gulf of Mexico, leading to the worst ecological disaster in U.S. history.
Two U.K. drillers are taking the lead in exploring for the country’s first shale gas after a moratorium ended, with one of them backed by ex-BP Plc chief John Browne and the other soon to count China as an investor.
BP Plc’s decision to consider selling out of its Russian venture signals the end for John Browne’s vision of a British driller able to challenge Exxon Mobil Corp. as the world’s largest publicly-traded oil producer.
A private-equity company run by John Browne, a former chief executive officer of BP Plc, is in advanced talks to buy as much as half of Fairfield Energy Ltd., a U.K.-based oil and gas business, the Sunday Times reported.
Outgoing Premier Farnell Plc Chairman Peter Gershon and former BP Plc Chief Executive Officer John Browne are the final two names on a shortlist for the chairmanship of the U.K.’s National Grid Plc , Sky reported , without attribution. A decision is likely to be made by the board within weeks, Sky said, without saying where it got the information.