logo
Plus   Neg
Share
Email

Cooper Energy Announces Completion Of Minerva Gas Plant Acquisition

Cooper Energy announced completion of the deal for acquisition of the Minerva Gas Plant by the participants in the Casino Henry joint venture. The joint venture includes Cooper Energy 50% and Operator, Mitsui E&P Australia and Peedamullah Petroleum, collective interest 50%.

The plant has been acquired from the Minerva Joint Venture participants BHP Petroleum 90% interest and Operator, Cooper Energy 10% interest.

Cooper Energy and Mitsui have acquired the plant to process gas from the Casino, Henry and Netherby gas fields and from economic new discoveries anticipated from exploration.

The first new discovery, Annie, made in September 2019, is currently the subject of analysis and modelling to determine resource size and development options utilising the Minerva Gas Plant.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lowe's Companies Inc. (LOW) and Office Depot Inc. (ODP) reported profit for their fourth-quarter, while TJX Companies' (TJX) profit increased 17 percent from the prior year. TJX plans to increase dividend by 13 percent and to buy back up to $2.25 billion of stock. Starbucks is introducing plant-based meat to its menu in Canada in early March. The Seattle-based coffee chain said it will introduce a new Beyond Meat, Cheddar and Egg Sandwich to its Canadian stores on March 3, along with the launch of its new spring menu. The meatless breakfast sandwich will be part of Starbucks Canada's core menu. Auto major Ford Motor Co. issued a safety compliance recall for a total of 217,185 F-150 pickup trucks with LED headlamps in North America, including 50,989 in Canada, to fix issues with the headlamps that could increase risk of a crash. The F-150 has been the top selling U.S. vehicle by any manufacturer for more than 40 years.
Follow RTT
>