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Blackstone considering sale of PRI Operating for approximately $2bn

This post was originally published on this site A unit of private investment banking company Blackstone is exploring the sale of US-based oil and gas producer PRI Operating to raise approximately $2bn including debt, reported Reuters, citing people familiar with the matter. The move forms part of Blackstone Credit’s strategy to retreat from the oil

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ConocoPhillips and CNOOC to harness wind energy to power Chinese oilfield

This post was originally published on this siteConocoPhillips and CNOOC Limited have announced the beginning of the Penglai Offshore Windfarm Pilot Project, which will harness wind energy to power the Penglai oilfield. The post ConocoPhillips and CNOOC to harness wind energy to power Chinese oilfield appeared first on Offshore Energy.

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