EUROPEAN EQUITY OPENING NEWS INCLUDING: Vodafone could merge with Portuguese ...
ASIA
Market holiday in Japan and China.
US
Exxon – Venezuela PdVSA has said it will pay the company USD 255mln in the ICC case verdict despite the co. originally claiming that it was awarded some USD 908mln. PdVSA said the payment size was reduced by debts owed by Exxon. (Sources)
UK
Vodafone - Co. could merge with Portuguese firm Zon Multimedia according to press reports. (Expresso)
BG Group – British Gas Exploration and Production India is set to exit from its stake in the KG Block, the off shore natural gas block located in India. (Financial Chronicle)
BP - Co. called on its contractor Halliburton to pay all costs and expenses the oil major incurred to clean up the 2010 Gulf of Mexico oil spill, according to a court filing by BP ’s lead trial attorney. (RTRS)
Anglo American Source: Proactive Investors UK
“As industry expands the use of this technology to tap into more oil and gas reserves, we must ensure that the process of hydraulic fracturing is performed in a safe and environmentally sound manner,” Markey and Holt say in the letter.
There is a lengthy expose in the February 26, 2011 issue of the New York Times titled Regulation Lax as Gas Wells' Tainted Water Hits Rivers that provides a wealth of information about how the oil and gas industry's headlong rush into expanding