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Heritage to sell key Iraq oil blockHeritage Oil, a London-listed oil and gas exploration company, said it will sell part of a gas block and borrow money from Genel Energy to raise $450 million, easing concerns about how it will fund oilfield purchases in Nigeria. Heritag More… |
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Setback for Heritage on Iraq gas findHeritage Oil said it discovered a major gasfield but not oil in the Kurdistan region of Iraq, pulling down shares in the company. 'The fact that they struck gas isn't seen as a positive at all,' one trader was quoted as saying More… |
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Heritage, Turkey's Genel agree $6bn mergerUK-based oil explorer Heritage Oil said on Tuesday it had agreed to merge with Genel Energy International, a unit of Turkey's Cukurova Group, to create an oil producer focused on Iraqi Kurdistan worth around $5.5 billion. Heritage' More… |
