Talisman Energy’s profits jump.

that’s it from the news desk here at waves, we will be back shortly, stay tuned.
Talisman Energy’s share price jumped sharply Tuesday after the Calgary-based oil and gas producer said higher production from its U.S. shale gas plays resulted in a fourfold increase in third quarter profits. The Calgary-based oil and gas producer said its net income jumped to $121 million compared to $30 million a year earlier on the back of a 12 per cent increase in production.

A consortium of India’s top state-run energy firms, led by exploration giant Oil and Natural Gas Corp. is in talks to acquire a 25% stake in Australia’s Advent Energy for around $1 billion, two officials with direct knowledge of the negotiations said.

Vinson & Elkins is advising Douglas Miller, chairman and CEO of Exco Resources, who has teamed up with T. Boone Pickens and two private equity firms to launch a $4.36 billion takeover bid for Dallas-based Exco. Jeffrey Chapman, an M&A partner in Vinson’s Dallas office, has taken the lead representing Miller on his potential Exco acquisition. Chapman, who did not immediately respond to a request for comment, is also currently representing Dallas-based 7-Eleven on a roughly $2 billion hostile bid for Casey’s General Stores, an Iowa-based chain.

Jude    Maritime News     Advent Energy, Douglas Miller, dow jones newswires, Exco Resources, exploration and production, exploration giant, foreign exchange, Gail India, M&A partner, natural gas prices, natural gas reserves, oil and gas assets, oil and gas producer, Oil and Natural Gas Corp., Oil India and gas transmission, ONGC, T. Boone Pickens, Talisman Energy's share, U.S. shale gas, Vinson & Elkins

If you enjoyed this article please consider sharing it!