SandRidge Energy Inc., Oklahoma City, will acquire private Houston independent Dynamic Offshore Resources LLC for $1.275 billion including $680 million in cash and 74 million SandRidge common shares.
Imperial Oil Ltd. has approved expansion of its Cold Lake in situ oil sands project in Alberta in a $2 billion project that will boost production by more than 40,000 b/d of bitumen.
The pending bankruptcy of refiner Petroplus is only the start of further problems for nearly 40% of the European Union’s 104 refineries now in need of refurbishment, according to a new consultancy report.
Stay up to date! Subscribe to our YouTube channel at http://www.youtube.com/user/OilandGasJournal!