Posts Tagged ‘said-it-had’
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Mercom dives as Nordic talks axed

by on November 12, 2012 9:42 am BST
The company has been unable to reach an agreement with Nordic Petroleum over a proposed farm-out of 50% in four oil sands leases at Chard, Alberta.Mercom’s shares had soared around one third last Thursday after it appeared to finally be close to clinching the deal with Nordic.On
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Shell declares force majeure on Nigeria oil exports

by on October 23, 2012 5:59 am BST
Shell declares force majeure on Nigeria oil exportsBY SELINA WILLIAMSLONDON -- Shell said it had declared force majeure on exports of its Nigerian Forcados and Bonny Light crude oil due to damage of pipeline infrastructure, flooding and a fire.A force majeure is declared when a company is unable to fulfill

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Forest Oil sells Louisiana assets for $220m

by on October 12, 2012 2:42 pm BST
The Denver-based outfit said it had signed a deal to offload all of its south Louisiana properties in a transaction expected to close in about a month’s time.Chief executive Patrick McDonald said more “non-core divestitures” were to come as the independent strives to concentrate on lucrative assets
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BG Group to sell stake in Gujarat Gas Co for $470 million

by on October 3, 2012 8:34 am BST
BG Group to sell stake in Gujarat Gas Co for $470 millionBY SELINA WILLIAMSLONDON--U.K. oil and gas company BG Group said it had reached agreement to sell its majority interest in India's Gujarat Gas Co. Ltd. for $470 million to GSPC Distribution Networks Ltd., a subsidiary of Gujarat