Marine Link
Sunday, September 25, 2016

Cabot Oil to Sell Offshore, Louisiana Portfolio

August 29, 2006

Reuters has reported that Cabot (CBT) Oil & Gas Corp. said it agreed to sell its offshore portfolio and south Louisiana properties, which include the Etouffee field, to Phoenix Exploration Co. LP for $340m. Cabot plans to use the sale proceeds to repurchase shares, fund operations and repay some of its debt, its statement said. The sale is expected to close September 29 subject to due diligence and other customary closing conditions, the oil and gas company added. Source: Reuters


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News