Fox Business - The Power to Prosper
Search Site

Wednesday, April 7, 2010 as of 11:14 AM ET

James T. Hackett

More Headlines »« Less Headlines

Related Topics

  1. James T. Hackett
  2. Anadarko Petroleum
  3. Mark Parker
  4. Brad Anderson
  5. Miles White
  6. Mike Duke
Get updates on James T. Hackett
Cove Energy Agrees To PTT's GBP1.22 Billion Bid

PTT Exploration & Production PCL (PTTEP.

TH) said Wednesday it and Cove Energy PLC (COV.LN) have agreed on the terms of a recommended cash offer to be made by the Thai company's unit, which values the firm at GBP1.22 billion (US$1.93 billion) and trumps rival bidder Royal Dutch Shell PLC's (RDSA) GBP1.12 billion offer.Thailand's second-largest petroleum explorer by production capacity after Chevron Thailand Exploration & Production Ltd. said its unit, PTTEP Africa Investment Ltd., will make the offer for Cove, a junior partner in a potentially huge natural gas field off the Mozambique coast, as part of the Thai company's plan to secure overseas natural gas supplies in the face of limited domestic discoveries.At 0830 GMT, the company's shares fell 5.3% to a six-month low of THB153 compared to the broader market's 1.3% decline, after it said it will use cash and committed debt facility available to PTT Exploration group to fund the deal, sparking concerns about a potential capital increas...

Read More ›

  1. Cove Energy: Barquentine-1 Well Flowed Gas At 100 Million Cubic Feet/Day

    Cove Energy PLC (COV.LN), the AIM quoted upstream oil and gas company that is in the process of being taken over by Royal Dutch Shell PLC (RDSA), together with opera...

  2. Apache 1Q Net Slips 30% On Write-Down

    Apache Corp.'s (APA) first-quarter earnings fell about 30% as a write-down stemming from lower North American natural gas prices weighed on the exploration-and-produ...

  3. Marathon Oil 1Q Profit Falls In Spin-Off's Wake

    Marathon Oil Corp.'s (MRO) first-quarter earnings fell 58% from the year-ago period that included contributions from its former refining and marketing business, miss...

  4. Marathon Oil 1Q Profit Falls 58% Following Spinoff

    Marathon Oil Corp.'s (MRO) first-quarter earnings fell 58% from the year-ago period that included contributions from its former refining and marketing business, miss...

  5. Marathon Oil 1Q Profit Falls 58% On Spinoff, Lower Sales Volumes

    DOW JONES NEWSWIRESMarathon Oil Corp.'s (MRO) first-quarter earnings fell 58% from a year-earlier period that included contributions from its former refining and mar...

  6. Chesapeake Energy Corporation, Monster Beverage Among Stocks Up on High Volume Tuesday

    Today, these stocks are up on high volume:Chesapeake Energy Corporation (NYSE:CHK) was up on high volume today, after trading at a volume of 75.5 million, or two tim...

  7. Energy Companies Propose Shale Exploration Rules

    A consortium of 11 energy producers including Anadarko Petroleum , Chesapeake Energy Corp. , Chevron , Cabot Oil & Gas , Royal Dutch Shell and Exxon Mobil said Tuesd...

  8. Anadarko Petroleum 1Q Earnings Beat Estimates

    FBN’s Sandra Smith breaks down Anadarko Petroleum’s first-quarter earnings results.

  9. Shutterfly Reports Lower-Than-Expected 1Q Loss

    Harris Financial Group Managing Partner Jamie Cox, Raymond James President of Fixed Income Kevin Giddis and OptionsXpress Senior Market Analyst Joe Cusick on Shutterfly and Anadarko ’s first-quarter earnings results.

  10. Anadarko 1Q Profit Soars On Algeria Deal; Output Grows

    DOW JONES NEWSWIRESAnadarko Petroleum Corp.'s (APC) first-quarter profit surged as the oil-and-gas company booked a huge gain from a tax-related settlement in Algeri...

  11. Anadarko Profit Soars On Algeria Tax Settlement

    Anadarko Petroleum Corp. , citing a $1.8 billion tax settlement with Algeria, reported late Monday its first-quarter 2012 profit rose to $2.16 billion, or $4.28 cent...

  12. Shell to Buy Cove Energy for $1.8B

    Royal Dutch Shell has agreed to buy Cove Energy <COVE.L> for 1.12 billion pounds ($1.8 billion), lifting its offer to access East Africa's huge gas reserves, but fai...

  1. Cove Energy Agrees To PTT Exploration & Production's GBP1.22 Billion Bid

    PTT Exploration & Production PCL (PTTEP.TH) said Wednesday it and Cove Energy PLC (COV.LN) have agreed on the terms of a recommended cash offer to be made by the Tha...

  2. PTT Exploration & Production Makes GBP1.22 Billion Cash Offer For Cove Energy

    PTT Exploration & Production PCL (PTTEP.TH) said Wednesday it is offering GBP1.22 billion (US$1.93 billion) in cash to buy Cove Energy PLC (COV.LN), a junior partner...

  3. Cove Energy Unveils Big Mozambique Gas Find Amid Shell Bid

    Cove Energy PLC (COV.LN) Tuesday unveiled a major natural-gas discovery offshore Mozambique amid a bid offer on the U.K. oil and gas company by major Royal Dutch She...

  4. INTERVIEW: New Zealand Readies For First Exploration Block Tender

    New Zealand will offer for the first time via tender a number of onshore and offshore oil and gas exploration blocks this month, Minister of Economic Development Phi...

  5. Marathon Agrees To Acquire Paloma II In Eagle Ford Expansion

    Marathon Oil Corp. (MRO) has agreed to acquire Paloma Partners II LLC for around $750 million in cash, as the company expands its operations in the oil-rich Eagle Fo...

  6. Fossil Shares Plunge on Lower Outlook

    FBN's Tracy Byrnes breaks down afternoon market news.

  7. Tullow Disappoints With No Commercial Oil In Offshore Ghana Well

    London-listed oil exploration and production company Tullow Oil PLC (TLW.LN) disappointed investors Friday as its partner in an offshore Ghana project reported negat...

‹ Prev12345…Next ›
Freebase CC-BY
Source: James T. Hackett on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL