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GAIL Announced The Signing of a MOU with Sumitomo Corporation

Aug 13, 2014

GAIL (India) Limited announced the signing of a Memorandum of Understanding (MOU) with Sumitomo Corporation, Japan (Sumitomo). Under the MOU, GAIL and Sumitomo will pursue business opportunities in natural gas and LNG value chain business ...

Tags: GAIL, Sumitomo, Textile

Penn West Will Invest C$900 Million in 2014 on Its Assets in Western Canada

Mar 11, 2014

Canada's leading light oil producer Penn West will invest C$900 million ($815 million) in 2014 on its assets in Western Canada, targeting an annual average output of 101,000-106,000 b/d of oil equivalent, CEO Dave Roberts said Friday. ...

Tags: Light Oil Producer, Mineral

Athabasca Has Closed Its Previously Announced Sale of a 50% Interest

Dec 27, 2013

Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") has closed its previously announced sale of a 50% interest in the Kaybob area light oil infrastructure to a third-party for cash consideration of $145 million. Athabasca ...

Tags: oil, energy

Pacific Rubiales Announced Today The Successful Results of The First Production Tests

Dec 27, 2013

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today the successful results of the first production tests in the CPE-6-1X exploration well and the CPE-6-H2 appraisal well, two new wells drilled during ...

Tags: exploration, oil

PREB Announced Today That It Has Reached an Agreement to Sell Its 5% Interest

Dec 27, 2013

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today that it has reached an agreement to sell its 5% interest and transportation rights in the Oleoducto Central S.A. ("OCENSA") oil pipeline in Colombia for a ...

Tags: pipeline

Cenovus Energy Inc. Expects to Invest Between $2.8 Billion and $3.1 Billion in 2014

Dec 16, 2013

Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) expects to invest between $2.8 billion and $3.1 billion in 2014, a 13% decrease when compared with the previous year. The company is focusing its capital on oil projects that are anticipated to ...

Tags: oil, energy

PRE Closed The Acquisition of Petrominerales Ltd.by Way of a Plan of Arrangement

Dec 3, 2013

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) is pleased to announce that today it closed the acquisition of Petrominerales Ltd. (TSX: PMG) (BVC: PMGC) ("Petrominerales") by way of a plan of arrangement (the ...

Tags: Metallurgy, Mineral, Energy

PRE : Proposed Acquisition of Petrominerales Ltd Received Shareholder and Court Approval

Nov 29, 2013

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) is pleased to announce that the proposed acquisition of Petrominerales Ltd. (TSX: PMG) (BVC: PMGC) ("Petrominerales"), as previously announced (the "Arrangement"), has ...

Tags: Metallurgy, Mineral, Energy

China National Petroleum Corporation Will Pay $2.6 Billion for Oil and Gas Assets in Peru

Nov 15, 2013

China National Petroleum Corporation will pay $2.6 billion for oil and gas assets in Peru, according to a press release from its listed unit PetroChina on Wednesday. CNPC, the country's largest oil and gas producer and supplier, will buy ...

Tags: Oil Assets, Mineral

Sinopec Has Taken Its First Step Into Egypt's Upstream Sector with a $3.1 Billion Deal

Sep 3, 2013

State-owned Chinese oil giant Sinopec has taken its first step into Egypt's upstream sector with a $3.1 billion deal to buy a 33% stake in US-based Apache's assets there. The deal is the first under in a new global strategic partnership ...

Tags: Metallurgy, Mineral, Energy

Shell Remains on Track to Grow Its Oil and Gas Production by Over 20%

Feb 4, 2013

Shell said Thursday it remains on track to grow its oil and gas production by over 20% in the next five to six years, despite weak North American fuel prices continuing to dent the performance of its key upstream growth centre. ...

Tags: oil, gas production, fuel prices, North America

The European Commission Granted Clearance for The $15 Billion Acquisition of Nexen

Dec 11, 2012

The European Commission has granted clearance for the proposed $15 billion acquisition of Canadian company Nexen by China's state-owned CNOOC, the EC said Friday. It had been unclear whether approval from the EU for the deal, which is ...

Tags: acquisition, oil production, gas operations

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