ABU DHABI / WAM Emirates Global Aluminium (EGA), Mubadala and Dubal Holding will sign an agreement worth over AED1 billion to develop a state-of-the-art power block and a water desalination plant at EGA’s smelter at Jebel Ali in Dubai. The new facilities will improve efficiency of power for EGA’s aluminium smelting, reducing environmental emissions and natural gas consum- ption. Mubadala …

Bloomberg China signalled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell Plc new opportunities to develop fields in partnership with the nation’s biggest offshore explorer. China National Offshore Oil Corp (CNOOC) said in Beijing on Tuesday that it had inked oil and gas accords with nine firms. The signing ceremony followed …

Bloomberg SSE Plc and Innogy SE terminated plans to create the UK’s second-biggest utility, the latest sign of pressure on the industry from increasing regulation. SSE’s board decided it wasn’t in the best interest of the company to proceed with the deal to combine its retail business with Innogy’s Npower unit after it emerged last month that more cash would …