News Breaks |
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| November 26, 2012 |
| 08:01 EDT |  | COP | ConocoPhillips to sell stake in North Caspian Sea production sharing agreement
ConocoPhillips announced that it has notified government authorities in Kazakhstan and its co-venturers of the company’s intent to sell its 8.4% interest in the North Caspian Sea Production Sharing Agreement to ONGC Videsh Limited. Subject to various government approvals, Kazakhstan state preemption rights and co-venturers’ preemption rights, ONGC Videsh Limited, the international arm of Oil and Natural Gas Corporation Limited, India, would acquire ConocoPhillips’ interest in Kashagan, which is located in the Kazakh sector of the Caspian Sea. The transaction is expected to close in the first half of 2013. Expected proceeds are approximately $5B, which represents the purchase price plus expected working capital and customary adjustments at closing. |
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News For COP From The Last 14 Days Check below for free stories on COP the last two weeks. |
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| May 21, 2013 |
| 16:04 EDT |  | COP | Options Update; May 21, 2013
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| 07:22 EDT |  | COP | ConocoPhillips pulls back on plans to sell oil sand assets, Globe and Mail says
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| May 15, 2013 |
| 12:46 EDT | | COP | ConocoPhillips seeing some cost 'softness' that they can benefit from
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| 08:02 EDT | | COP | FMC Technologies awarded $26M subsea equipment order from ConocoPhillips
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| 07:33 EDT |  | COP | National Association of Business Economics to hos a conference
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| May 14, 2013 |
| 11:20 EDT | | COP | ConocoPhillips says making 'significant progress' on production, margin growth
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