STERLING
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Energy
Carlyle Group Buys Sterling Resources’ Romanian Oil&Gas Operations For $42.5M
Private equity behemoth Carlyle Group will buy Sterling Resources’ Black Sea oil exploration business for a cash consideration of $42.5 million, the two companies said Thursday.
Energy
Sterling Resources Plans To Halve Interests In Black Sea Licenses
Canadian Sterling Resources plans to sell up to half of its equity interests in the Romanian Black Sea licenses, the company’s vice-president for Romania, Mark Beacom, told Mediafax.
Energy
Sterling Secures 40% In Third Black Sea Oil Block
Midia Resources SRL, owned by Canadian Sterling, will take over 40% of an oil block in the Black Sea, currently leased by Melrose and Petromar.