ConocoPhillips to Sell $3 Billion Worth of Assets

ConocoPhillips to Sell $3 Billion Worth of Assets

By Anna Domanska - Apr 15, 2017

Energy giant ConocoPhillips has agreed to divest assets in the San Juan Basin in the Southwestern U.S. to Hilcorp Energy Company for $3 billion. The partnership will pay $2.7 billi

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Schlumberger to cut 9,000 jobs due to crude oil collapse

Schlumberger to cut 9,000 jobs due to crude oil collapse

By Anna Domanska - Jan 16, 2015

World’s No.1 oilfield services provider, Schlumberger Ltd said it will cut 9,000 jobs because the collapse in oil prices have forced petroleum companies to cut drilling budgets.

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Sinopec Increases Its Stake In Australian Pacific Liquefied Natural Gas Project To 25 Percent

Sinopec Increases Its Stake In Australian Pacific Liquefied Natural Gas Project To 25 Percent

By Dhwani Shah - Dec 13, 2011

China Petrochemical giant Sinopec and Australian Pacific Liquefied Natural Gas project are in talks for the acquisition deal. Sinopec has settled to increase its stake in Australia

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