The takeover of gas producer Arrow Energy Ltd. by Royal Dutch Shell Plc and PetroChina Co. will generate a A$326 million ($308 million) profit for shareholder New Hope Corp., giving the coal miner more cash for acquisitions.
September 21st, 2010:
Shell-PetroChina Takeover of Arrow Means $308 Million Profit for New Hope
BP joins effort to contain future Gulf spills
HOUSTON (Reuters) - BP Plc, which permanently sealed its ruptured Gulf of Mexico well this weekend, said on Monday it is joining the industry's $1 billion effort to contain future subsea oil spills.
ERCB approves Shell’s Muskeg River tailings plan, gives leeway on timelines
CALGARY - Alberta's energy watchdog has given Shell Canada some leeway in approving the company's plans to deal with waste from its Muskeg River oilsands mine.