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Once the transaction closes, ConocoPhillips (COP) will own up to 49.99% of APLNG.
While other oil majors have left Alaska due to high capital costs and regulatory hurdles, one U.S. oil firm is pushing ahead with oil development in the state, betting on a new project that could pump crude for decades
Australia's Origin Energy Ltd on Monday agreed a A$15.35 billion ($10.21 billion) takeover offer from a consortium led by Canada's Brookfield, nearing the conclusion of one of the biggest private equity-backed buyouts in the country announced last year. Once the deal is finalised, Origin will be broken up into two businesses – Energy Markets business to be acquired by Brookfield; while EIG's MidOcean Energy, the other consortium partner, would take control of Origin's integrated gas business.