The deal, announced in March, effectively doubled the size of Cenovus Energy, but wiped out about a fifth of its market value, with some investors complaining that the price was too high.

Lebanon, along with Cyprus, Israel and Egypt, sits on the Levant Basin in the Mediterranean where gas fields have been discovered since 2009, Reuters reported.

Delek said in a statement that a new corporation will be set up that will sell securities, including bonds, on the Tel Aviv exchange to raise money to buy the stake in the gas fields.

Cenovus Energy said it may sell parts of the Deep Basin natural gas assets it recently bought from Houston-based ConocoPhillips, Royal Bank of Canada analysts wrote in a research note.

Reuters said the main oil firms involved in South Sudan, which produced about 245 Mbbl/d until fighting flared at the end of 2013, are China National Petroleum Co., Malaysia's state-run oil and gas firm Petronas, and India's ONGC Videsh. 

The deal, if completed, would mark China’s first major energy investment in the South Asian country, where Beijing is pumping in billions of dollars in a race with New Delhi and Tokyo for influence.

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

Reuters reported that the comapny said the data room for the tender is open from April 30 to July 31.

BP is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of its strategy of retreating from noncore businesses.

TAQA’s North American oil and gas business is based in Calgary with some of its properties in its South Area extending into Montana, North Dakota and Wyoming in the U.S.

Located in Block 16/25 is located in the Pearl River Mouth Basin, the block covers a total area of 44 sq km (17 sq miles) with a water depth of 100 m (328 ft).

Chevron is exploring the sale of its 20% stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people familiar with the situation.

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