Sinopec International Petroleum Exploration and Production Corp., Beijing, (NYSE: SNP) and its joint venture partner, a subsidiary of India-based ONGC Videsh Ltd., have acquired Bogata, Colombia-based Omimex de Colombia Inc. from its parent company Fort Worth, Texas-based Omimex Resources Inc., for $850 million. Omimex de Colombia has operations exclusively in Colombia that include onshore exploration and production activities of light and heavy oil in the Velasquez, Nare and Cocorna fields, as well as ownership and operation of a midstream pipeline.
Recommended Reading
Carbon Removal Company Equatic Appoints New CEO
2024-11-18 - Equatic appointed a new CEO in preparation to launch the world’s largest ocean-based carbon removal plant.
Dividends Declared Week of Nov. 11
2024-11-15 - Here is a compilation of dividends declared from select E&Ps in fourth-quarter 2024 during the week of Nov. 11.
Empire Raises $10M in Equity Offering to Ease Doubts, Reports $3.6M Loss
2024-11-14 - Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.
Exxon Mobil to Cut Almost 400 Jobs in Wake of Pioneer Acquisition
2024-11-14 - A regulatory filing shows more than 90% of layoffs are at Pioneer’s former headquarters in Irving, Texas with the rest being workers in Midland.
Investment Firm Elliot Calls for Honeywell Restructuring in Letter to Board
2024-11-13 - As Honeywell’s largest active investor, Elliott Investment Management’s letter to Honeywell International argued that Honeywell should split into two entities—Honeywell Aerospace and Honeywell Automation.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.