Company News: Talisman marks end of era with completion of Sudan sale

Talisman Energy Inc., Calgary, has completed late last month the long-awaited sale of its 25% stake in Sudan's Greater Nile Oil Project (GNOP) to New Delhi-based ONGC Videsh Ltd. (OVL), the overseas arm of India's state-owned Oil & Natural Gas Corp. (ONGC).The Indian stake will be held by an Amsterdam-based subsidiary, ONGC Nile Ganga BV ABN Amro, the only Dutch bank operating in India, has been appointed as advisor to ONGC Nile Ganga.In other recent company news:El Paso Corp. reported Mar. 21 that it signed a deal with California and other western states to resolve litigation and claims relating to the Houston-based energy company's alleged manipulation of the sale and deliv...

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