By Tyler Losier, Energy Reporter, Oil & Gas 360 Ithaca will now be second largest producer in North Sea Ithaca Energy Limited will be acquiring Chevron North Sea Limited (stock ticker: CVX) for $2 billion, adding 10 producing field interests to its existing portfolio. Four of those interests are related to assets already operated by Ithaca, leading to an approximately
By Tyler Losier, Energy Reporter, Oil & Gas 360 Devon looks to focus on oil-based growth in U.S., departs Canada Canadian Natural Resources Limited (stock ticker: CNQ) inked a deal this Wednesday to acquire Devon Energy Corp.’s (stock ticker: DVN) Canadian assets for a cash purchase price of approximately US$2.8 billion (CAD $3.8 billion). The deal is expected to close
JP Morgan Chase & Co. increases oil and gas loan loss reserves by 61% JP Morgan Chase & Co. plans to increase its reserves to cover potential oil and gas loan losses by 61% this quarter, reports Reuters. The bank plans to set aside $500 million on top of the $815 million already in place to protect against loan loss
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