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.
HOUSTON, March 27, 2023--ConocoPhillips (NYSE: COP) today announced through its Australian subsidiary that it plans to become upstream operator of Australia Pacific LNG.