Statoil (NYSE: STO) and Total (NYSE: TOT) have completed their transaction whereby Statoil has acquired Total’s equity stakes in, and taken over the operatorships of, the Martin Linge Field and the Garantiana discovery on the Norwegian continental shelf.
Statoil now has a 70% interest in Martin Linge and 40% in Garantiana. 121 employees from Total have been transferred over to Statoil in accordance with the sale and purchase agreement and applicable legislation.
2023-09-29 - Analysts said some measures show capex spending might be significantly underfunded and that “critical amounts of investment” are needed.
2023-09-28 - SM Energy Co.’s board of directors approved a quarterly cash dividend of $0.15 per share of common stock outstanding.
2023-09-28 - Net proceeds from the offering are expected to be used to fund a portion of the aggregate purchase price for Western Midstream’s pending $885 million acquisition of Meritage Midstream Services II LLC.
2023-09-27 - Ovintiv received approval from the Toronto Stock Exchanged to purchase up to 26.7 million common shares, or about 10% of its public float, over a 12-month period.
2023-09-27 - Proceeds from the notes offering will be used to pay down existing debt, Sitio Royalties said.