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Producing Assets Acquisition
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) (“Ithaca” or the “Company”) announces it has entered into an agreement with Sumitomo Corporation to acquire interests in three non-operated UK producing oil fields for a total consideration of $170 million. The acquisition further broadens the Company’s producing asset base with high quality, long-life oil assets, delivering a step-up in reserves and accelerating monetisation of existing UK tax allowances.

date.png23 Jun 2014 14:02 | comments.png 0 Comments | tags.png europe ithaca sumitomo top uk upstream [ More ]

Devon Energy Announces $1.4 Billion Joint Venture
Devon Energy Corporation (NYSE:DVN) today announced it has signed an agreement with Sumitomo Corporation whereby Sumitomo will invest $1.4 billion in exchange for 30 percent of Devon’s interest in approximately 650,000 net acres in the Cline Shale and the Midland-Wolfcamp Shale.

date.png02 Aug 2012 07:43 | comments.png 0 Comments | tags.png deals devon n-america sumitomo upstream usa [ More ]

Commencement of Negotiation regarding Procurement of U.S. Natural Gas from Cove Point LNG Project
Following the signing by Sumitomo Corporation (President: Susumu Kato; hereinafter, "Sumitomo Corporation") of a precedent agreement (hereinafter, an "PA") with respect to the bi-directional liquefied natural gas processing services with Dominion Cove Point LNG, LP (hereinafter, "Dominion"), the body implementing the Cove Point LNG Project in the State of Maryland, the United States (hereinafter, the "Project"), Sumitomo Corporation has started negotiation with Dominion to conclude a final terminal service agreement (hereinafter, a "TSA"). In this context, Sumitomo Corporation and Tokyo Gas Co., Ltd. (President: Tsuyoshi Okamoto; hereinafter, "Tokyo Gas") have agreed to jointly work as a team to negotiate with Dominion.

date.png27 Apr 2012 06:23 | comments.png 0 Comments | tags.png lng n-america sumitomo tokyo-gas usa [ More ]

Cheniere Signs MOU with Sumitomo for Bi-Directional Processing Capacity at the Sabine Pass LNG Terminal
Cheniere Energy Partners, L.P. (NYSE Amex: CQP) ("Cheniere Partners") announced today that its subsidiary, Sabine Pass Liquefaction, LLC ("Sabine"), has entered into a non-binding memorandum of understanding ("MOU") with Sumitomo Corporation ("Sumitomo"), under which Sumitomo intends to contract up to approximately 1.5 million tonnes per annum ("mtpa") of processing capacity at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana.

date.png28 Jan 2011 06:38 | comments.png 0 Comments | tags.png cheniere lng sumitomo usa [ More ]
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