Oil Company News Directory

Apache Announces Completion of Sale of Kitimat LNG

Apache Corporation (NYSE:APA) announced the completion of the sale of its fifty percent interest in the Kitimat LNG project and related upstream acreage in the Horn River and Liard natural gas basins in British Columbia, Canada, to Woodside Petroleum Limited (ASX: WPL).

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.