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French courts caught up in Yukos vs. Russia assets fight

French courts caught up in Yukos vs. Russia assets fight

PARIS (AP) — The fight between Russia’s government and magnate Mikhail Khodorkovsky’s dismantled Yukos oil company has spread to courtrooms across Europe — and even into space. France has seen multiple court cases in recent months that had entangled rocket and satellite builders and others, in Yukos’ efforts to recover money it says the Kremlin unfairly appropriated. Former Yukos shareholders ...

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Anadarko cutting spending almost in half, selling assets

Anadarko cutting spending almost in half, selling assets

TRENTON, N.J. (AP) — Anadarko will sell more assets and reduce by nearly half its spending on oil and natural gas exploration this year. One of the world’s biggest independent oil and natural gas exploration and production companies, Anadarko said Tuesday it will cut capital expenditures this year to between $2.6 billion and $2.8 billion, from about $5.5 billion last ...

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Texas investment firm partners with Bakken operators

A Fort Worth energy investment firm partnered with a team of Bakken operators and developers to purchase a package of assets in the Williston Basin. Vortus Investments, along with the team from Denver’s North Plains Energy, have formed NP Resources LLC. After acquiring the Williston Basin assets, NP Resources will now have roughly 90,000 net acres spread throughout three North ...

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Agreement to sell oil company assets hits snag

pumpjacked

MANCHESTER, N.H. — A tentative agreement to sell the assets of a home heating oil company seeking bankruptcy protection has hit a snag. The agreement would sell the ongoing business of Fred Fuller Oil & Propane to Rymes Propane & Oil. The Telegraph of Nashua reports talks broke down Monday in bankruptcy court over issues related to the Internal Revenue ...

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BHP Billiton set to spin off unwanted assets

Sonali Paul and Silvia Antonioli | Reuters MELBOURNE/LONDON – Diversified mining company BHP Billiton declared its preference for a demerger of its aluminum, manganese and nickel assets on Friday, setting the stage for the formation of a separate business that could be worth at least $12 billion. BHP said its board was considering a spin-off at meetings ahead of its ...

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Energy investment firms to merge into Trinity River Energy in Austin

John Deede | Shale Plays Media Google+ Kohlberg Kravis Roberts & Co. and Riverstone Holdings, LLC have agreed to consolidate their oil and gas assets to form Trinity River Energy in the fall of this year. Along with various other investments, the companies have considerable combined holdings in the Barnett Shale. Nicholas Sakelaris, a writer for the Dallas Business Journal, reports: Trinity ...

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