Select a locationselect a location

Blogs

Search Blogs
Search by date
Choose From Date
Choose To Date
SearchClear

Anadarko to Sell Bear Head LNG Project

Anadarko Petroleum Corp. today announced that it will sell its Bear Head LNG project in Nova Scotia to U.S. Venture Energy for $125 million, but has retained an 18-month option to secure up to 350 MMcf/d of capacity at “competitive” rates. “With the sale
July 9, 2006

Anadarko Petroleum Corp. today announced that it will sell its Bear Head LNG project in Nova Scotia to U.S. Venture Energy for $125 million, but has retained an 18-month option to secure up to 350 MMcf/d of capacity at “competitive” rates. “With the sale, we are recovering our investment and a reasonable premium, while retaining the ability to supply LNG to the Canadian Maritimes and U.S. Northeast consuming regions,” Anadarko senior vice president Karl Kurz said. U.S. Venture Energy is a global private equity firm. Anadarko’s press release is here. More information is available on Canadian Newswire.

Our Story

Eversheds Sutherland is an international law firm helping the Fortune 100, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. Dedicated to unfaltering excellence in client service, we are known for our business savvy and industry intelligence, providing creative and custom solutions for each of our clients. Industry and business experience makes the difference for our clients.

click to watch Videocast: FINRA’s 2016 Disciplinary Program:  “YUUUGE” Fines May Propel 2016 to Record-Setting Year
Videocast: FINRA’s 2016 Disciplinary Program:  “YUUUGE” Fines May Propel 2016 to Record-Setting Year
Washington, DC
Adam C. Pollet, Associate
Washington, DC
© 2017 Eversheds Sutherland (US) LLP
MYBRIEFCASE
Add this page to MYBRIEFCASE
Add Page to MYBRIEFCASE
News/Commentary - Anadarko to Sell Bear Head LNG Project
Current MYBRIEFCASE Pages
Save ChangesDownload MYBRIEFCASEClear All