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Share this article Share this article HOUSTON, May 3, 2021 /PRNewswire/ Oasis Petroleum Inc. (NASDAQ: OAS) ( Oasis or the Company ) today announced a strategic acquisition of Williston Basin assets, reported financial and operating results for the first quarter of 2021, declared its first quarter 2021 dividend, and updated its 2021 outlook to incorporate the acquisition, including an expected 33% increase to its future quarterly fixed dividend after the acquisition closes. Williston Basin Acquisition Oasis announced it has entered into a definitive agreement under which Oasis will acquire select Williston Basin assets from Diamondback Energy in a cash transaction valued at approximately $745MM, subject to customary purchase price adjustments. The consideration is expected to be financed through cash on hand (approximately $106MM as of March 31, 2021), revolver borrowings ($450MM elected commitment on $500MM borrowing base, none drawn as of March 31, 2021), and ....
Liberia: United States Court of Appeals Dismisses Libel Lawsuit Filed by Former Justice Minister Christina Tah, Rudolph Mcclain Against Global Witness frontpageafricaonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from frontpageafricaonline.com Daily Mail and Mail on Sunday newspapers.
The East African Thursday February 11 2021 Coast guards patrol the Gulf of Aden. Somalia has about 58 oil blocks along its coastline. PHOTO | FILE | NMG Summary Advertisement Somalia’s sale of offshore oil blocks has hit a rock following the dismissal of the chief executive of the petroleum authority amid claims of political interference only six months into his tenure. Petroleum and Mineral Resources Minister Abdirashid Mohamed Ahmed, announced on January 21 that the Cabinet had dismissed Ibrahim Ali Hussein as chairman and chief executive of the Somalia Petroleum Authority (SPA) and replaced him with Asha Osman. The move to dismiss Mr Hussein, a former advisor on petroleum, was not made public. ....
Punch Newspapers Sections ’Femi Asu Three international oil companies operating in Nigeria have sold their combined 45 per cent interest in Oil Mining Lease 17 and related assets in the Eastern Niger Delta to TNOG Oil and Gas Limited, an integrated energy company founded by Mr Tony Elumelu. Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited assigned their interests of 30 per cent, 10 per cent and five per cent respectively in the lease to TNOG Oil and Gas. SPDC announced in a statement on Friday the completion of the sale of its 30 per cent interest in OML 17 and associated infrastructure to TNOG Oil and Gas for a consideration of $533m. ....