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Otto Energy closes on Galoc II
Otto Energy has closed a $37.4 million loan with BNP Paribas to fund its share of the costs of the Galoc field phase II development in the Philippines.
BP delays Algeria projects as security, terms deter investors
LONDON, May 2 (Reuters) – BP is delaying two major Algerian gas projects as foreign energy firms seek security guarantees after a deadly Islamist attack, and press the government to soften its investment terms.
TEXT-Activist investor calls for UBS break-up
LONDON, May 2 (Reuters) – Swiss bank UBS should consider a break-up to separate its investment banking arm, activist shareholder Knight Vinke Asset Management said on Thursday.
