July 19 (Reuters) - Investors who sold oil and natural gas
land leases to Chesapeake Energy Corp and now-bankrupt
SandRidge Energy Corp sued Chesapeake and Tom Ward,
SandRidge's former CEO, alleging that they conspired to depress
the market for those leases.
SAO PAULO, July 19 (Reuters) - Brazil's state-controlled
Petróleo Brasileiro SA is inclined to restart the process of
selling part of BR Distribuidora SA, a source with direct
knowledge of the matter said, as a recent bidding round put a
low price tag on the fuel distribution unit.
LONDON, July 19 (Reuters) - Gulf Keystone's stock
spiked and fell by a third on Tuesday as retail investors
flooded chatrooms trying to figure out how junk bond funds led
by former JP Morgan and Lehman Brothers traders will help
restructure the oil firm.
BUENOS AIRES, July 19 (Reuters) - Argentine utilities
company Pampa Energia said on Tuesday it had sold its
indirect stake in local natural gas supplier Transportadora de
Gas del Sur (TGS) for $241 million.
NEW YORK, July 19 (Reuters) - Gains for equities in 2016
have been buoyed by stocks that lagged during the bull market, a
trend that analysts at Fundstrat say is likely to continue in
the back half of the year as they have not come close to
recouping their underperformance.
GENEVA, July 19 (Reuters) - Dozens of people have fallen ill
with suspected cholera in South Sudan's capital of Juba, while a
U.N. food warehouse was looted and destroyed, incurring $20
million of damage, the United Nations said on Tuesday.
DETROIT, July 19 (Reuters) - Electric vehicle maker Tesla
Motors Inc has changed its internet address from
teslamotors.com to tesla.com, hinting at a possible company name
change as part of CEO Elon Musk's latest and still undisclosed
"master plan."
Energy storage would gain access to the same tax incentives that helped make renewable energy the biggest new source of electricity in the U.S. last year under a bill introduced in the Senate.
Iran is planning its first tender for utility-scale renewable energy projects by year end as it begins a green power build out that could draw $12 billion of investment by the time it’s complete.
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