ConocoPhillips (NYSE:COP) Divests Australian Assets To Santos Ltd (OTCMKTS:SSLZY) For $1.4 Billion

ConocoPhillips (NYSE:COP) decided to divest Australian business to Santos Ltd (OTCMKTS:SSLZY) and focus on North American operations for $1.4 billion. The assets include a significant stake in Darwin LNG facility, stakes in Athena, Poseidon, Bayu-Undan, and Caldita and the interests in the Barossa gas development project. Following the deal, Santos would strengthen its position in […]