Crescent Point Energy Corp., has announced the acquisition of issued and outstanding shares of Coral Hill Energy Ltd. The cost of the deal would be $0.0567 per each common share of CPG, for the approximate gross proceeds of $258 Million. Crescent Point already owns 7.2 million shares of Coral Hill (approximately 8.7 percent of Coral Hill’s […]
News: Crescent Point to acquire Coral Hill $CPG Read More »
InterOil Corporation and the PRL 15 joint venture participants haveconfirmed the recommendations from Total SA for a major project of the Elk-Antelope gas field in Papua New Guinea. The Central Processing facility will be near the Purari River in the Gulf Province. Papua LNG, which will be operated by Total SA and includes InterOil and Oil Search,
Elk-Antelope Joint Venture in PNG $IOC Read More »
after five years of the Oil spill in Gulf of Mexcio in 2010. Bp has been agreed to pay the settlement of the Oil Spill claims. The Statement was signed between BP Exploration and Production Inc., and five Gulf Coast states. BPXP is to pay the United States a civil penalty of $5.5 billion under the Clean
News: BP Ready to settle Gulf Spill claims $BP Read More »
Ugandan Government has selected 17 oil firms for six explorations blocks which are rich with Oil . The crude pumping is expected by 2018. Along with, London-listed Tullow Oil, Sasol SA is also granted the deal. The PEPD said the 17 applicants will be further evaluated and those qualified will be issued with bidding documents and
News: Sasol Won Uganda Explorations Deal $SSL Read More »
Chesapeake Energy is selling its Oklahoma Well Assets to FourPoint Energy LLC. The Cost of the deal is about $840 million, will consist of three contingent payments to the firm’s interest Owners GSO Capital Partners LP. There are around 1500 wells in Cleveland, Tonkawa and Marmaton formations. View the full release here.
News: Chesapeake Selling Oklahoma Assets $CHK Read More »
