Canadian-based, Latin American-focused oil and gas company Frontera Energy said on Monday it will acquired the 36.36% outstanding share in Pacific Midstream from the International Finance Corporation and other related funds.
Geopolitics tensions in the Middle East continued to support crude futures, with U.S. oil prices nearly rising to a six-month high on Monday following concerns Iraqi and Kurdish forces could ignite in a civil war.
Independent producer Chaparral Energy said Monday it’s selling its North Burbank (northeast Oklahoma) and Texas Panhandle enhanced oil recovery (EOR) assets for $170 million cash to an undisclosed buyer.
Spain’s utility Gas Natural Fenosa will sell €1.02 billion ($1.2 billion) worth of assets in Italy, as the company looks to exit the Italian market amid the new legal framework for distribution permits in the country.
INEOS Shale, a unit of UK’s petrochemical giant INEOS, announced on Monday it has appointed Ron Coyle as its new chief executive to lead the company into operational phase, Kallanish Energy learns.
EPA Administrator Scott Pruitt moved Monday to end a controversial practice known as “sue and settle,” which critics say was used during the Obama administration to cut deals with environmental groups, leading to new regulations.
The UK’s Nuclear Industry Association (NIA) said on Monday only 10% of the UK public agree with the government’s decision to leave the Euratom treaty at the same time it leaves the European Union (EU), Kallanish Energy learns.