Saudi ArabiaÔÇÖs Dhuruma Electricity Co. has awarded a $1.6 billion contract for the construction of a new power plant at Dhuruma.

CanadaÔÇÖs Suncor has agreed to sell Petro Canada Netherlands for C$582 million ($566 million) to the UKÔÇÖs Dana Petroleum, it has been announced.  The deal will give Aberdeen-based Dana access to a new area in the Dutch sector of the North Sea, and could boost its production guidance for 2010 by 10 to 12 percent on an annualized basis. Suncor, Canada's largest oil and gas company, embarked on a divestment program following last year's takeover of Petro Canada. The Dana deal will bring the sum of funds raised through the sale of non-core assets to $2.1 billion.

Dana Petroleum has agreed to buy rival Petro Canada Netherlands, a wholly owned subsidiary of CanadaÔÇÖs Suncor, for ┬ú270 million, it has been announced.

Buyout firm KKR & Co. may purchase about $400 million of Texas shale assets from Hilcorp Energy, according to reports.  New York-based KKR may partner with Hilcorp, an exploration and production company based in Houston, to develop the formation known as Eagle Ford in southern Texas, which has unconventional gas deposits. Unconventional gas is fuel trapped in shale formations, coal beds and impermeable sandstone rock. Eagle Ford is about 50 miles wide and 400 miles long, extending from TexasÔÇÖs southern border to the eastern part of the state.

SpainÔÇÖs Santander is set to acquire 318 high street branches from the UKÔÇÖs Royal Bank of Scotland as the only bidder left in a sale process that ends today.

Houston-based Spectra Energy has announced plans for a new 200 million cubic feet per day natural gas processing plant west of Dawson Creek, British Columbia, to serve producers in the growing Montney unconventional gas play.  The proposed plant will be built in two phases, with the first 100 million cubic feet of capacity coming on stream in late 2011, with the balance to be completed in early 2013.

The Nigerian arm of Africa's biggest mobile phone operator MTN has signed loan agreements worth $2.15 billion with 15 Nigerian and two other banks to fund expansion.