Posts Tagged ‘said-it-had’

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

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

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

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