Topic: Oil and Gas Exploration and Drilling
Arrow to reject Shell, PetroChina $3 billion bid: report
Reuters US Online Report Business News
PERTH (Reuters) - Australia's Arrow Energy is set to reject as too low a $3 billion joint takeover offer from Royal Dutch Shell and PetroChina, a newspaper reported, a move that could prompt the bidders to return with a higher, hostile bid. A stream of analysts' comments suggesting the offer ...
China oil firm takes $3.1B stake in SAmerican firm
AP News
Major Chinese oil firm CNOOC paying $3.1 billion to form joint-venture in South AmericaLeading offshore producer China National Offshore Oil Corp. said Sunday it has agreed to pay $3.1 billion to form a joint-venture with a major Argentine energy firm, helping to expand China's access to natural ...
BP to pay $7 billion for Devon exploration rights
AP News
BP to buy exploration rights in Gulf of Mexico and Brazil from Devon Energy for $7 billionBP is expanding its dominant oil and gas operations in the Gulf of Mexico and dropping anchor off Brazil with a $7 billion deal to buy exploration rights from Devon Energy. BP will get ...
BP to pay $7 bln for Devon Energy assets
AFP Global Edition
British oil giant BP said Thursday it would pay US firm Devon Energy 7.0 billion dollars (5.1 billion euros) for assets in Brazil, Azerbaijan and the Gulf of Mexico. "BP today announced a transaction that will deliver a material exploration position in the deepwater offshore Brazil and significantly ...
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