Posts Tagged ‘mediterranean’

ONGC to sell bonds to fund ACG buy

by on November 21, 2012 3:40 am BST
US independent Hess said in September it had agreed to sell its 2.72% stake in the large Azeri, Chirag and Guneshli(ACG) group of oilfields as well as its 2.36% stake in an associated pipeline to ONGC for $1 billion.Bloomberg reported on Wednesday that ONGC's foreign investment arm, ONGC Videsh,

Noble unveils frontier plays

by on October 11, 2012 10:49 pm BST
In a conference call, Noble said it has started exploring an area in the Elko basin in north-east Nevada, an area with very little current activity. It holds about 350,000 prospective acres in the western US state.The company also said it plans to drill in waters off the Falkland

Enlarged Petroceltic returns to market

by on October 11, 2012 8:31 am BST
Stock in the newly-combined outfit was trading near unchanged at £0.07 on London’s Alternative Investments Market on Thursday morning.Melrose Resources has been delisted from the same exchange after its scheme of reduction in capital was confirmed yesterday, clearing the final hurdle for the $270 million tie-up to

Petroceltic shareholders back Melrose merger

by on September 20, 2012 3:04 pm BST
Investors in Melrose Resources are due to consider the cash and shares deal later on Thursday at another EGM.The merger, first unveiled in August, is also subject to the approval by the Bulgarian Commission on Protection of Competition.The proposed merger would see Petroceltic shareholders will control 54% of the