News Formal

PXP Energy completes acquisition of Pitkin Petroleum - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 68%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

PXP ENERGY Corp. has fully acquired Pitkin Petroleum Ltd. the Pangilinan-led oil and natural gas firm announced on Monday.

The company said in a disclosure to the stock exchange that it has completed the acquisition of the remaining 46.57% interest in Pitkin Petroleum. It previously held 53.43% stake in Pitkin Petroleum.

It said the acquisition is “part of its continued efforts on streamlining the corporate structure of subsidiaries involved in overseas Oil & Gas exploration projects.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Major European firms eyeing Philippine renewable energy marketMajor European firms in the renewable energy sector are looking at entering the Philippine market in the coming year, a top official of the European Chamber of Commerce of the Philippines (ECCP) said.
Source: gmanews - 🏆 11. / 68 Read more »

ACEN’s developments boost its price - BusinessWorld OnlineAC ENERGY Corp. (ACEN) was one of the most actively traded stock last week following a good market sentiment for the energy company.
Source: bworldph - 🏆 9. / 68 Read more »