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ConocoPhillips quits northern Australia in $1.4 billion sale to Santos

13 hours ago NAMEX Comments Off on ConocoPhillips quits northern Australia in $1.4 billion sale to Santos
MELBOURNE (Reuters) – ConocoPhillips (COP.N) has agreed to sell its northern Australian business to partner Santos Ltd (STO.AX) for $1.39 billion, in a deal that will hike the Australian group’s output by 25% and boost its position in the global gas market. FILE PHOTO: Logos of ConocoPhillips are seen in its booth at Gastech, the Read More

ConocoPhillips agrees to sell Australian assets to Santos for $1.39 billion

15 hours ago NAMEX Comments Off on ConocoPhillips agrees to sell Australian assets to Santos for $1.39 billion
MELBOURNE (Reuters) – Energy company ConocoPhillips (COP.N) said on Monday it had agreed to sell most of its Australian assets to rival Santos Ltd (STO.AX) for $1.39 billion, with the deal expected to close in the first quarter of 2020. The U.S. company said it was selling its stakes in the Darwin LNG plant, which Read More

ConocoPhillips sells northern Australia assets to Santos for $1.39 billion

15 hours ago NAMEX Comments Off on ConocoPhillips sells northern Australia assets to Santos for $1.39 billion
MELBOURNE (Reuters) – ConocoPhillips (COP.N) has agreed to sell its northern Australian business to its partner Santos Ltd (STO.AX) for $1.39 billion, in a deal that will boost the Australian oil and gas group’s output by 25%. FILE PHOTO: Logos of ConocoPhillips are seen in its booth at Gastech, the world’s biggest expo for the Read More

Santos to buy ConocoPhillips northern Australia business for $1.39 billion

17 hours ago NAMEX Comments Off on Santos to buy ConocoPhillips northern Australia business for $1.39 billion
FILE PHOTO: Logos of ConocoPhillips are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai/File Photo (Reuters) – Australian oil and gas producer Santos Ltd (STO.AX) on Monday said it would acquire the northern Australia business of ConocoPhillips (COP.N), the world’s largest Read More

Investors get lost in Big Oil’s carbon accounting maze

5 days ago NAMEX Comments Off on Investors get lost in Big Oil’s carbon accounting maze
LONDON (Reuters) – Wide variations in the way oil companies report their efforts to reduce carbon emissions make it difficult to assess the risk of holding their shares as the world shifts away from fossil fuels, senior fund managers say. FILE PHOTO: Visitors walk through a maze at an amusement park at the “Ponomaryovo” farming Read More

SAExploration Appoints Industry Veteran Michael Faust as Interim President in Addition to Role as Executive Chairman of the Board

2 months ago NAMEX Comments Off on SAExploration Appoints Industry Veteran Michael Faust as Interim President in Addition to Role as Executive Chairman of the Board
HOUSTON, Aug. 22, 2019 (GLOBE NEWSWIRE) — SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW) today announced the appointment of industry veteran Michael Faust as interim President of the Company with immediate effect. Additionally, as previously disclosed, Mr. Faust has assumed the role of Executive Chairman of the Board of Directors of SAExploration. Mr. Faust brings Read More

Oil discovery at the Goddo prospect, on the Utsira High, Norwegian North Sea

2 months ago NAMEX Comments Off on Oil discovery at the Goddo prospect, on the Utsira High, Norwegian North Sea
Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has made an oil discovery at exploration well 16/5-8s, targeting the Goddo prospect in PL815 approximately 14 km South of the Edvard Grieg field in the Norwegian North Sea. The main objective of the well was to prove oil Read More