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Australis to acquire EnCana US shale assets for US$80 million

March 1, 2017

Australis Oil & Gas through its indirect wholly-owned American subsidiary, Australis TMS Inc., has entered into a Purchase & Sale Agreement with Encana Oil & Gas (USA) Inc., a wholly-owned subsidiary of Encana Corp, to acquire all of Encana’s Tuscaloosa Marine Shale assets for cash..

Novo rejigs U.S. team as passed-over CEO candidate heads for the door

March 1, 2017

Someone entirely new at Novo Nordisk will have to figure out how to deal with big challenges in its largest market. The company’s recently appointed head of North American operations, Jakob Riis, quit in a pique over losing out on the Danish drugmaker’s CEO job…

Trump signals elimination of ‘burdensome’ drug approval system

March 1, 2017

In a typically fiery speech, President Donald Trump in his first joint address to Congress last night saw him tear into the FDA’s “slow and burdensome approval process,” and gave vague assurances that this would be “eliminated … so more lives could be saved.” The..

Qatar Petroleum plans to combine QVC and QAPCO

March 1, 2017

State-owned Qatar Petroleum (QP) is planning to merge with Qatar Vinyl (QVC), which is part of Mesaieed Petrochemical, to become Qatar Petrochemical (QAPCO), a division of Industries Qatar. As a result of this new integration, the two companies will become a one single entity and..