Tag: Talisman Energy
Chinese state-owned companies sue Talisman Energy for $5.5 billionUSD
“Addax has chosen to commence legal proceedings to gain an illegitimate benefit instead of devoting all efforts to improving TSEUK’s performance” Addax Petroleum UK Limited and Sinopec International Petroleum Exploration and Production Corporation (both companies ultimately owned by the Chinese Government) have initiated arbitration proceedings against Talisman Energy Inc. (currently Repsol Oil & Gas Canada […]
Repsol selling $7.1B of assets to cope with weak oil prices
Repsol plan calls for 38 per cent spending cut between 2016-2020 Repsol, the international energy company based in Spain announced it will be selling 6.2 billion euros ($7.1B) in non-strategic assets and cutting spending over the next five years as part of a plan to increase efficiency and combat low oil prices. Low oil prices […]
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