Energy Company News Directory

Tuya Obtains Final Approval for Arrangement with Colonial Coal International

Colonial Coal International Corp. (TSXV:CAD) and Tuya Energy Inc. announced that Tuya has obtained a final order of approval from the Supreme Court of BC for the arrangement that will see Colonial acquire all of the issued and outstanding common shares of Tuya. This announcement follows the approval the companies received from shareholders at meetings held on March 19, 2015.

Forte Looks to Acquire 75 Percent Interest in Olympic Domain Uranium Project in South Australia, Secures Funding

Forte Energy NL (ASX:FTE,LSE:FTE) announced it has entered in a share sale agreement with Antares Mining Ltd. (ASX:AWW) to acquire 75 percent interest in the Olympic Domain project in South Australia for a cash consideration of AU$300,000. Forte has also secured additional funding for acquisitions and working capital in the form of convertible loans for GBP1,000,000 from Darwin Strategic Ltd.

Woodside Cuts 300 Jobs

Yahoo News reported that Woodside (ASX:WPL) has cut hundreds of jobs as it strives to implement plans to deliver a more streamlined organizational structure in the wake of the global slump in commodities.