Imperial Oil sells properties to Whitecap for C$855 mln

CALGARY, Alberta, March 17 (Reuters) - Imperial Oil Ltd , Canada's No.3 oil and gas company, said on Monday Whitecap Resources Inc has agreed to buy some of its oil and gas properties in Western Canada for about C$855 million ($771.14 million) as it focuses on its oil sands and shale properties in the region.

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America's Oil And Gas Billionaires

No one has made a greater fortune from the North American Oil and Gas Boom than Harold Hamm. The founder and CEO of Continental Resources is responsible for cracking the code of the Bakken — the vast formation of oil-bearing rock that sits beneath much of North Dakota and Montana. With his 72% ownership stake in publicly traded Continental, Hamm is now worth $11.3 billion, making him the 90th richest person on the planet, according to Forbes newly released annual ranking of the world’s billionaires.

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Troubled past haunts Mexico oil company at center of Citi scandal

NEW YORK/MEXICO CITY, March 7 (Reuters) - The company at the center of an alleged fraud that forced Citigroup Inc to cut its 2013 profit won billions of dollars in contracts from Mexico's state oil monopoly over the past decade, even after Mexican officials and private lawsuits raised red flags about the contractor's activities.

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