CHINA: Beijing holds “African summit,” steps ups race for continent’s oil resources

(EnergyAsia, December 1) — China last month invited the leaders of 48 African nations to an unprecedented summit in Beijing. The event marked an important milestone in China’s push into Africa where it seeks closer political and economic ties, and call on the continent’s resources, primarily oil. At least 16 trade and investment deals were...

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AUSTRALIA: Origin Energy completes A$400 million placement

(EnergyAsia, December 1) — Australia’s Origin Energy said it has successfully raised A$400 million through a placement of approximately 56.3 million shares to sophisticated and professional investors. (US$1=A$1.3). The proceeds of the placement will be used to partly fund the acquisition of Sun Retail from the Queensland state government. The placement was conducted through a...

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