Pan American Energy
In 1997, Bridas and Amoco (now BP) established a joint venture named Pan American Energy. The stake of BP is 60% and the stake of Bridas is 40%. On November 28, 2010 it was announced that Bridas would acquire the BP's stake for $7.06 billion in cash. In 2011 the deal was cancelled.
Read more about this topic: Bridas Corporation
Famous quotes containing the words pan, american and/or energy:
“When Pan sounds up his minstrelsy;
His minstrelsy! O base! This quill,
Which at my mouth with wind I fill,
Puts me in mind, though her I miss,
That still my Syrinx’ lips I kiss.”
—John Lyly (1553–1606)
“Let those flatter, who fear: it is not an American art. To give praise where it is not due, might be well from the venal, but would ill beseem those who are asserting the rights of human nature.”
—Thomas Jefferson (1743–1826)
“There are no accidents, only nature throwing her weight around. Even the bomb merely releases energy that nature has put there. Nuclear war would be just a spark in the grandeur of space. Nor can radiation “alter” nature: she will absorb it all. After the bomb, nature will pick up the cards we have spilled, shuffle them, and begin her game again.”
—Camille Paglia (b. 1947)