New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 18, 2014
05:35 EDTAPCAnadarko to divest Chinese subsidiary for $1.08B
Anadarko Petroleum announced it has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum, whereby Anadarko will divest its Chinese subsidiary for $1.08B. Anadarko chairman, president and CEO Al Walker stated, "This transaction accelerates the recognition of value from a non-operated legacy asset and continues to demonstrate our commitment to active portfolio management. We value our long-term relationship with CNOOC, wish them continued success and look forward to future partnering opportunities." The subsidiary to be divested owns Anadarko's non-operating interest in the Bohai Bay field. During 2013, Anadarko's net oil sales volumes from Bohai Bay averaged approximately 11,000 barrels per day. The transaction is expected to close later this year subject to preferential rights, regulatory approvals and other customary closing conditions.
News For APC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 30, 2015
09:07 EDTAPCWolfe Research to hold a conference
Subscribe for More Information
March 27, 2015
06:21 EDTAPCShell pulls back on Chinese operations after oil price slump, WSJ says
Subscribe for More Information
March 19, 2015
05:33 EDTAPCAnadarko awards CGG 3D seismic survey on Caribbean
Subscribe for More Information
March 18, 2015
13:13 EDTAPCAnalyst recommends buying top E&P names before crude finds its bottom
Subscribe for More Information
08:49 EDTAPCAnadarko purchases 20% interest in Saddlehorn Pipeline
Subscribe for More Information
07:21 EDTAPCE&P stocks should be bought on weakness, says Stifel
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use