|
|
|||||||||||||||
|
Download the last issue
|
Talisman books $1.9 Bn from property sales
Published 07.04.2010 15:41:05 by John Bradbury
North Sea major Talisman Energy will have more cash to spend after securing the sale of non-core assets onshore Canada for Cdn. $1.9 Bn (US $1.89 Bn).Talisman said it has secured the sale of its non-core Canadian properties through five separate transactions after indicating it was putting them up for sale in January. The deals covers 42,500 boe/d of production – of which about 90% is gas - across the Peace River Arch Area, in the central Alberta Foothills, and the greater Hinton area in Alberta, plus other properties in Ontario. “Although these are excellent assets with a great future, they can't effectively compete for capital within our emerging strategic asset mix,” stated Talisman's president and chief executive John Manzoni. “These sales are value accretive and will help us focus on, finance and build our growing, low-cost North American shale gas business.” ![]() No single cause for Macondo accidentBP says no single factor caused the accident on the Deepwater Horizon rig in the US Gulf of Mexico in April. ![]() Valiant racks up profitNorth Sea operator Valiant Petroleum racked up US $64.5 m of revenue in the first half this year and pulled in higher pre-tax profits. [Les mer ] • Company news ![]() No infringements from HSE reportA report by the UK's Health and Safety Executive on Transocean's operations in the North Sea earlier this year cleared the company of regulatory safety infringements. ![]() Executive denies bullying on rigsA senior executive of drilling giant Transocean has told a UK government committee that there was no bullying taking place on its North Sea rigs. ![]() Suspension for Lambouka 1 gas findLondon-listed Gulfsands Petroleum says the Lambouka 1 well offshore Tunisia in the Mediterranean Sea has been suspended. [Les mer ] • Exploration ![]() Blame expected from BP reportPress speculation in the US is suggesting that BP's internal reports into the Deepwater Horizon disaster in the US Gulf of Mexico is going to spread the blame. |
Financial
Search
Top stories
Offshore.no
|
|||||||||||||
|
Publisher: Offshore Media Group, Box 1335 Vika 0112 Oslo Editor in chief: Helge Keilen. Online editor: John Bradbury. Telephone: +47 22 83 83 68 | +47 56 31 40 20 | +47 51 56 42 80 Tips: redaksjonen@offshore.no |
|||||||||||||||