Laredo Petroleum, a rapidly growing independent oil and gas company with headquarters in Tulsa, Oklahoma, today announced that it has closed a second round of equity financing of up to $300 million with Warburg Pincus LLC, the global private equity firm, along with Laredo Petroleum’s senior management team. Funding of this line of equity will [...]

Meridium Inc., the global leader in asset performance management software and consulting solutions, today announced that Bharat Petroleum Corporation Limited (BPCL) has licensed Meridium software for its Kochi and Mumbai refineries. BPCL, a Fortune 500 Company, is a leading player in the petroleum sector in India, with its core business in refining crude oil and [...]

Laredo Petroleum, Inc., a privately-held oil and gas exploration and production company, announced today that it recently completed its acquisition of $185 million of strategic assets located in the Verden area of south central Oklahoma from Linn Energy. The transaction encompasses a total of 50,000 net acres and proven reserves of 45 billion cubic feet [...]

Novelis Inc. has been selected by BMW to supply aluminum sheet for the lightweight hoods of its all-new X6 crossover SUV. Novelis is the world’s leading supplier of high performance aluminum sheet for use in automotive applications.
“The X6 is yet another landmark vehicle from BMW, and we are proud that Novelis was chosen to supply [...]

Construction major Larsen & Toubro Ltd. (L & T) has bagged a contract worth 28 million euros ($ 44.13 million or Rs.1.70 billion) from China, the world’s largest and heaviest coal gasifier plant.
The Hebi Coal and Electricity Ltd., a subsidiary of Zhong Yuan Coal Chemical Industry Group’s mission.
Information of the Bombay Stock Exchange (BSE), an [...]

Tata Power, India’s second-biggest utility by annual sales, will borrow $950 million to fund its purchase of stakes in two Indonesian coal mines, according to three people involved in the transaction.
The Mumbai-based company has hired Calyon to arrange a $600 million loan, which will be secured by the coal mines, and a $350 million loan, [...]

Copper rose in London on speculation that a slumping dollar will encourage buyers holding other currencies to purchase the metal. Lead and nickel advanced.
The U.S. currency dropped to an all-time low against the euro after a government report showed that the U.S. economy grew last quarter at the slowest pace in four years. A change [...]

Essar Global Ltd., the owner of India’s third-biggest steelmaker, agreed to buy Minnesota Steel Industries LLC for an undisclosed price to add 1.4 billion tons of iron-ore reserves and a steel mill in North America.
Essar will invest about $1.65 billion to build the 2.5 million-ton-a-year mill in northern Minnesota, John Elmore, closely held Minnesota Steel’s [...]

Most Asian markets rose Friday, with Japanese stocks climbing to their highest in nearly 10 months and markets in India, Singapore and Australia all rose to records. Malaysian shares finished at a new 10-year high.
Stocks rose in Tokyo amid optimism about growth prospects for the U.S. economy, a key export market. The benchmark Nikkei 225 [...]

India’s Oil and Natural Gas Corp. says it has resolved differences with British oil explorer Cairn Energy’s Indian arm over the construction of a 340 million dollar domestic pipeline.
Oil and Natural Gas Corporation (ONGC) managing director R.S. Sharma told reporters in New Delhi that the state-run firm had “reached an understanding” on the pipeline that [...]