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Brookfield Formally Launches Hostile Bid to Buy Inter Pipeline for Nearly $6 Billion
Brookfield, which acquires and manages infrastructure assets, is offering CA$16.50 per share for Inter Pipeline, valuing the company at CA$7.08 billion (US$5.62 billion).
Oil Search Focuses on Alaska Stake Sale after Eking Out Profit for 2020
Oil Search’s main challenge this year is to sell a 15% stake in its $3 billion Pikka oil project in Alaska.
Blackstone Group to Buy LLOG’s Stake in Gulf of Mexico Project
The Blackstone Group, through portfolio company Beacon Offshore Energy, is buying LLOG Exploration's 31% holding in the $250 million Shenandoah project in the Gulf of Mexico.