Cenovus Energy to buy ConocoPhillips’s oil and gas assets in Canada for $13.3bn

Cenovus Energy to buy ConocoPhillips’s oil and gas assets in Canada for $13.3bn

Oil and gas industry news : Canadian oil company, Cenovus Energy has agreed to acquire CAD 17.7 billion (USD 13.3 billion) worth stakes in American global energy firm ConocoPhillips’s Canadian oil and gas assets. As per the agreement terms, ConocoPhillips’ subsidiary, ConocoPhillips Canada will sell a non-operated stake of 50% in the Foster Creek Christina […]

Amazon Souq acquisition : US online retail giant to buy Middle East online shopping site

Amazon Souq acquisition : US online retail giant to buy Middle East online shopping site

Amazon Souq acquisition news : Ending days of speculation, e-commerce giant Amazon has finally announced its acquisition of Souq.com, a well-known online retailer in the Arab World. Amazon Souq Acquisition Details While the acquisition price agreed by the parties hasn’t been revealed, one suspects it could be over the $800 million that was offered by […]