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IPIC targets $20 billion investment
Abu Dhabi’s IPIC plans an aggressive move into oil and gas exploration and production and aims to double its investment portfolio to $20 billion in the next five years, IPIC’s new managing director said yesterday.
The International Petroleum Investment Company, IPIC, invests in oil related projects for the government of Abu Dhabi, which controls more than [...]
TransCanada to buy El Paso pipelines for $3.39 bln
El Paso Corp. said on Friday it will sell its second-largest pipeline system, a storage business, and a stake in another pipeline system to TransCanada Corp. and TC PipeLines LP for $3.39 billion.
TransCanada (TSX:TRP.TO – News), already Canada’s biggest pipeline company, bulks up its gas-transmission business with the purchase, adding 10,500 miles of new pipe, [...]
