RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2014-09-02 18:05:00

PETROCHINA & ATHABASCA: $ 1.1 BLN

PETROCHINA & ATHABASCA: $ 1.1 BLN

Athabasca Oil Corp. (ATH) closed a C$1.18 ($1.1 billion) agreement with PetroChina Co. (857) to sell the rest of its Dover oil-sands project, ending weeks of speculation about whether the Chinese company would pay. The shares rose.

PetroChina's payment includes C$600 million in cash and C$584 million in promissory notes due through August 2016, backed by guarantees from HSBC Bank Canada, Athabasca said today. The original agreement was for PetroChina to pay in cash. The settlement comes two months after Calgary-based Athabasca had estimated the deal would close after triggering the sale of its 40 percent stake in Dover earlier this year.

Log in to read the publication.

An authorized user gets access to four FREE publications per month.

You can also buy a full access to all publications of the site since January 2014.

Get full access:
Tags: PETROCHINA, ATHABASCA, OIL,
Chronicle:
PETROCHINA ATHABASCA: $ 1.1 BLN
2020, April, 7, 11:45:00
RUSSIA'S NUCLEAR FOR EGYPT
ROSATOM’s TVEL Fuel Company, and the Egyptian Atomic Energy Authority have signed 10-years term contract for supply of low-enriched nuclear fuel components,
PETROCHINA ATHABASCA: $ 1.1 BLN
2020, April, 6, 15:00:00
OIL PRICE: NEAR $33
Brent was down $1.23, or 3.6%, at $32.88 a barrel, WTI was $1.01, or 3.6%, lower at $27.33 a barrel
PETROCHINA ATHABASCA: $ 1.1 BLN
2020, April, 6, 14:40:00
SAUDI ARABIA, RUSSIA OIL DEAL
Saudi Arabia raised its crude output to 12.3 million bpd on April 1 and said it planned to export to more than 10 million bpd starting from April.
PETROCHINA ATHABASCA: $ 1.1 BLN
2020, April, 6, 14:35:00
#OilPriceWar: OPEC+ DELAY TO APRIL 9
"Russia was not a supporter of ending the OPEC+ deal. President Putin and the Russian side are overall inclined towards a constructive negotiation process, there is no alternative for stabilizing the international energy market,"
PETROCHINA ATHABASCA: $ 1.1 BLN
2020, April, 6, 14:10:00
ENERGY FOR SMART CITIES
A major shift in the transportation sector is underway towards greater electrification and intelligence in our cars, busses, trucks and rail systems and proliferation of our autonomous driving vehicles.
PETROCHINA ATHABASCA: $ 1.1 BLN
2020, April, 6, 14:05:00
U.S. UNEMPLOYMENT 4.4%
the U.S. unemployment rate rose to 4.4 percent
PETROCHINA ATHABASCA: $ 1.1 BLN
2020, April, 6, 14:00:00
WORLDWIDE RIG COUNT DOWN 161 TO 1,964
The worldwide rig count for February 2020 was 2,125, up 52 from the 2,073 counted in January 2020, and down 181 from the 2,306 counted in February 2019.
All Publications »