Brookfield Infrastructure Corp. on Aug. 6 said it has extended its takeover offer to purchase Canadian pipeline operator Inter Pipeline to Aug. 20.
"Brookfield has achieved initial tender of about 52%, providing a clear path to achieve the modified statutory minimum condition," the company said in a statement.
Recommended Reading
Tethys Oil Suspends Kunooz-1 Well in Oman
2024-12-13 - The decision to suspend its Kunooz-1 exploration well comes after flow testing failed to confirm the presence of commercially-viable hydrocarbons, Tethys said.
Analysis: Middle Three Forks Bench Holds Vast Untapped Oil Potential
2025-01-07 - Williston Basin operators have mostly landed laterals in the shallower upper Three Forks bench. But the deeper middle Three Forks contains hundreds of millions of barrels of oil yet to be recovered, North Dakota state researchers report.
First Helium Plans Drilling of Two Oil Targets in Alberta
2024-11-29 - First Helium Inc. has identified 10 other sites in the Leduc formation.
QatarEnergy Joins Joint Venture Offshore Namibia
2024-12-17 - QatarEnergy acquired a 27.5% stake in petroleum exploration license 90 offshore Namibia.
Valeura Energy Updates Jasmine Development Offshore Thailand
2024-11-27 - Valeura Energy has seen aggregate oil production of 10,000 bbl/d in its offshore Gulf of Thailand development over a seven-day period.