The purchase will help the buyer expand in specialty plastics, came at a good price and is better strategically than a hook-up with Brazil's Braskem, analysts say.
Is Braskem S.A. (BAK) a great pick from the value investor's perspective right now? Read on to know more.
Braskem (BAK) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.
Continental Resources (CLR) agrees to sell second international consignment of 430,000 barrels of Bakken crude oil in Cushing.
Statoil (STO) intends to drill 25-30 wells in the NCS in 2018, up from 16-18 planned to drill off Norway in 2017.
SCANA's (SCG) subsidiary SCE&G finds solutions to issues related to the abandoned V.C. Summer Station nuclear construction project.
Schlumberger's (SLB) operation in Ecuador faces financial hindrances as Petroamazon fails to pay $350 million.
Marathon Petroleum (MPC) expects the transactions to be over by Feb 1, 2018.
Eni (E) inks an exploration agreement with Oman Oil Company Exploration and Production relating to Block 52.
ExxonMobil (XOM) receives offer from Ghana for carrying out deepwater exploration off the country's coast.
Statoil (STO) expects the project in Johan Castberg field to come online in 2022.
Shell's (RDS.A) $30-billion divestment goals advance as it inks deal to offload its entire stake in Woodside for $2.7 billion.
McDermott (MDR) fourth-quarter 2017 backlog is likely to reflect the impact of the new contract in Arabian Gulf.
Noble's (NE) drillship, Paul Romano, receives contract extension from Hess at a dayrate of $115,000.
Baker Hughes, part of GE (BHGE), and Sonatrach plan a joint venture to construct an oil equipment plant in Algeria at an estimated cost of $45 million.