International Business News - Petroleum http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Independent oil and gas company Parallel Petroleum Corp agreed to be bought by Apollo Global Management LLC for $3.15 per share, a premium of 11 percent to Parallel's Monday's close on Nasdaq. http://www.ibtimes.com/articles/20090915/parallel-petroleum-be-bought-apollo-global.htm Tue, 15 Sep 2009 13:59:07 EDT Faroe Petroleum Plc said on Monday it had discovered gas at its Glenlivet exploration well, its first gas find in the Atlantic Margin, and drilling a potential sidetrack well was being considered. http://www.ibtimes.com/articles/20090914/faroe-petroleum-finds-first-gas-atlantic-margin.htm Mon, 14 Sep 2009 09:03:57 EDT