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Oil Supplier Appeals Conoco's Right To Buy Stake In Refinery Unit
2015-09-30 02:11:01| Oil & Gas - Topix.net
In a long-standing dispute between Venezuelan state-owned Oil Company Petroleos de Venezuela SA and ConocoPhillips, a New York district court judge upheld ConocoPhillips' acquisition of a 50% stake in a Texas refinery. The two parties were former joint partners in an oil refining operation but disagreements between them led to the triggering of a contract provision that automatically dissolved the joint venture.
Woodside Petroleum offers $8.1bn to buy Oil Search
2015-09-08 01:00:00| Hydrocarbons Technology
Australian energy major Woodside Petroleum intends to acquire its rival Oil Search for A$11.6bn ($8.1bn) to form a combined entity.
Armour Energy surges on deal to buy oil, gas assets from Origin Energy
2015-09-03 05:53:49| Oil & Gas - Topix.net
Takeover target Armour Energy has signed its second potentially-transformational deal in as many weeks, agreeing to pay up to $13 million for oil and gas production assets in Queensland owned by Origin Energy and sending its share price up by more than 100 per cent. If completed, the deal will give Armour cash flow within an estimated 12 months, through gas and condensates ventures on the Roma Shelf in the Surat Basin.
Oil Search sitting pretty to buy Santos assets in PNG
2015-08-25 10:47:13| Oil & Gas - Topix.net
Peter Botten says any investment in Santos assets in PNG will be carefully considered and the price must be right. Oil Search is eyeing some of Santos' assets in Papua New Guinea for potential acquisition, including its stake in the $US19 billion PNG LNG project, as it looks to take advantage of its balance sheet and the low oil price environment to add high-quality assets in its home market.
Buy ConocoPhillips When Oil Is At $43 - Cramer's Lightning Round
2015-07-29 08:09:43| IT Services - Topix.net
ConocoPhillips : Cramer likes the stock as it yields 6%. He suggested waiting as oil can head lower to $43.