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OEL in MOU to buy oil & gas stake

Published Tue, Sep 23, 2014 · 04:00 PM

CATALIST-listed OEL Holdings has entered into a non-binding memorandum of understanding (MOU) to buy a stake in a company indirectly involved with China oil giant PetroChina in developing two oilfields in China's Jilin province.

OEL will buy a 60 to 100 per cent stake in Hong Kong firm Allied Resources amounting to between S$22.5 million and S$37.5 million. Shares in OEL c…

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Companies & Markets

Companies & Markets

OEL in MOU to buy oil & gas stake

Companies & Markets

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

Blackstone reports 1% rise in Q1 earnings

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