Sentences with phrase «sold oil assets»

The difference, however, is that while foreign companies mostly sold oil assets, they mainly purchased natural gas assets as an adjustment strategy to cope with the anticipated decline in oil prices and even the global oil industry.

Rockefellers to sell oil assets as part of $ 50B global warming fight http://www.cbc.ca/news/business/rockefellers-to-sell-oil-assets-as-part-of-50b-global-warming-fight-1.2773771

Not exact matches

Local oil and gas company Antares Energy has sold its two remaining assets in the Permian Basin in Texas to an undisclosed private equity buyer, for about $ US250 million ($ A360 million).

March 27 - Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $ 100 million, as the Indian oil - to - telecom conglomerate moves closer to exit U.S. shale investments.

Oil companies are profiting after they cut costs and sold assets to adjust to an era of lower oil prices afterOil companies are profiting after they cut costs and sold assets to adjust to an era of lower oil prices afteroil prices after...

Sovereign wealth funds have been quiet since the third question, he said, adding that if the crude oil price hangs around the $ 30 mark for a while, they might start to sell their assets too.

Valero's investing heavily in ethanol to complement its high - quality oil refineries, while ConocoPhillips has been selling off assets and trimming its debt over the past year or two.

LONDON, April 30 West Africa - focused oil and gas group Savannah Petroleum is considering selling a minority stake in its Niger assets before first oil flows there, which is expected in 2021, Chief Executive Andrew Knott said on Monday.

Loeb recently told Third Point fund investors that shares of the oil and gas company could be 60 percent higher, and he outlined changes it could make to add value, such as spinning off its retail business or selling its Canadian natural gas assets.

As well, Norway's Statoil sold its oilsands assets to Athabasca Oil Corp. (TSX: ATH) for $ 832 million.

With $ 30 billion of assets to sell in the wake of its acquisition of BG, Shell is a riskier but possibly more rewarding bet on the oil price.

The company last year said it would exit its underperforming U.S. shale oil and gas business after coming under pressure from Sydney - based Tribeca Investment Partners to sell the assets.

As such, it is not surprising to see that Marathon Oil has announced that it will sell off a majority of its Gulf of Mexico assets for $ 205 million.

Meanwhile, given its weaker balance sheet and where oil and gas prices are these days, the company raised $ 67 million in cash during the quarter by selling three non-core assets, which boosted its cash balance to $ 128 million.

It should be noted that Regulation A + fundraising is not available for companies seeking «to offer and sell asset - backed securities or fractional undivided interests in oil, gas or other mineral rights.»

What this means is that real estate crowdfunding sites and EnergyFunders — the first oil and gas crowdfunding site — must continue to offer their existing investment types only to accredited investors because Regulation A + is not an available avenue for asset backed securities to be sold.

NEW ORLEANS U.S. oil producer Devon Energy Corp said on Monday it was looking to sell even more assets than previously announced in order to focus its portfolio on three shale regions.

Technical analyst Clive Maund charts an oil company that has announced it will sell off one of its assets.

Takeover target Santos has struck a $ US221 million deal to sell its non-core Asian oil and gas assets to UK - based Ophir Energy.

Why ConocoPhillips is selling off land in the world's hottest oil play and buying Canadian gas assets

In 2010, East Resources struck a $ 4.7 billion deal to sell its leases and assets to Royal Dutch Shell, the oil - and - gas giant that had taken an interest in the Marcellus.

Kaigama and Ozigi said that the TUC was also opposed to the plans to sell the nation's stake in some oil and gas assets.

As a result, the Obama administration has proposed increasing «mandatory spending,» which designates money generated by selling federal assets or raising taxes (such as a proposed $ 10 fee per barrel of oil sold and increasing taxes on higher - income earners) to pay for specific programs.

We're still seeing the impact of that,» he said, adding people in the oil - rich province were «caught off guard, and because of a lack of savings, many people lost their homes, had to sell their assets and start over again.»

If we get a significant updraft in the price of oil, and Saudi production policy has not changed, you might want to sell crude oil price - sensitive assets.

With a little over $ 4 billion in cash on hand and a $ 1.1 billion dividend deficit in Q3, it seems likely to us that XOM will need to raise another $ 4 to $ 6 billion in debt over the next year unless oil prices recover, its costs drop significantly, it sells off substantial assets, or share repurchases are temporarily halted.

It also sold some assets in the $ 70 range and tapped its credit facilities, as the company now carries $ 26 billion in cash (when oil prices were over $ 100 per barrel, Shell carried $ 9 billion in cash).

At $ 1 trillion U.S. in assets, Norway's sovereign wealth fund made headlines in November 2017 with the news it would consider selling its oil and gas stocks over time.

If Chevron, or any named Big Oil codefendant can show that the externalities of CO2 emissions are of net benefit, could they countersue entities that have suppressed CO2 emission, or benefited from CO2 emissions, & thereby place liens & seize the assets of companies selling carbon credits, or of any tangible real property associated with past ill - gotten carbon taxation & regulation?

So this story — reported by Cleantechnica — is about perfectly designed to make my little TreeHugging heart sing: Norwegian oil and energy giant Statoil has spent the end of 2016 selling off its assets in Canadian tar sands, and securing rights to develop a gigantic offshore wind farm off the coast of New York State.

In 2006, Pioneer sold its oil and gas assets in Argentina for $ 675 million.

In 2011, the company sold its Tunisian oil exploration and production assets to Austria's largest industrial company for $ 866 million.