Articles Tagged "Oil Company News"

Woodside Petroleum Acquires Apache’s Interests in Australian Assets

Woodside Petroleum Ltd. (ASX:WPL) announced it has acquired Apache Corporation's (NYSE:APA) Wheatstone LNG and Balnaves oil interests in Australia and will also acquire its Kitimat LNG project interests in Canada for an aggregate purchase price of US$2.75 billion and an expected closing adjustment of about US$1.0 billion.

Hinto Energy Forms Advisory Board

Hinto Energy Inc. (OTCQB:HENI) has established an Advisory Board to assist in the identification and evaluation of new and existing opportunities in the current market; and welcomes Lloyd Borders as its initial member. Mr. Borders has over 30 years of energy industry experience, specifically in resource -elated asset valuation and related acquisitions and divestures.

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.