News Topics: Property Acquisitions & Divestitures

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South Africa Wants Sinopec to Retain Refinery Capacity
Thursday, May 25, 2017 Sinopec will pay almost $1 billion for a 75 percent stake in Chevron's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced in March.

Malaysia's Sarawak State Govt Seeks 10% Stake In LNG Train
Monday, May 22, 2017 Malaysia's Sarawak state government says it is negotiating with Petroliam Nasional Berhad to acquire a 10% equity stake in an LNG production facility at Petronas' LNG complex in Bintulu, Sarawak.

Malaysia's Sarawak State Govt Seeks 10 Pct Stake in LNG Train
Monday, May 22, 2017 Malaysia's Sarawak state government said it is negotiating with Petronas to acquire a 10 percent equity stake in an LNG production facility.

Origin Energy Sells Australia Gas Pipeline Network For $291 MM
Friday, May 19, 2017 Origin Energy Ltd agrees to sell a gas pipeline network in Australia for A$392 million ($291 million), helping it beat its target proceeds for asset sales to cut debt.

Noble Energy To Sell 50% Stake In Cone Gathering
Thursday, May 18, 2017 Noble Energy says it will sell its 50% stake in privately-held Cone Gathering LLC to Quantum Energy Partners for $765 million in cash.

Total, Inpex Propose Taking 39% Stake In Indonesia's Mahakam Block
Friday, May 12, 2017 Total E&P Indonesie, a unit of French major Total, and Japan's Inpex Corp propose taking a 39% stake in the new production sharing contract (PSC) for the Mahakam block.

BASF Sees Role of Oil and Gas Unit Declining Further
Friday, May 12, 2017 The world's largest chemicals maker said its focus would be on boosting profitability at its chemicals and crop protection businesses as the contribution to earnings from oil and gas, hurt by low crude oil prices, diminishes further.

Petrobras Eyes Adding Texas, African Assets to Asset Sale Plan
Wednesday, May 10, 2017 Bloomberg News reported earlier this week Petrobras could raise less than $200 million with the sale of a Pasadena, Texas, refinery, down from the $1.2 billion it originally paid for the asset.

Exxon, Petrobras Said to Hold Talks on Wide-Ranging Partnership
Tuesday, May 09, 2017 Such a deal could give Exxon access to oil fields and infrastructure in Brazil while state-controlled Petroleo Brasileiro SA could gain from Exxon’s expertise in production, refining and distribution, according to Bloomberg's sources.

Australia's Origin Energy Doubles Stake In Beetaloo Shale Gas Field
Friday, May 05, 2017 Origin Energy says it doubled its stake in the Beetaloo Basin shale gas field in Australia's Northern Territory.

Brazil Pre-Salt Oil Auction Cleared; Some Investors Complain
Thursday, May 04, 2017 The Brazilian government has approved terms for another auction of exploration rights to high potential oil prospects.

Petrobras Adding Refineries to Asset Sales as CEO Seeks Cash
Tuesday, May 02, 2017 The Petrobras asset sales are far from over, and they will now include refineries.

Devon Energy Plans To Divest $1B Assets; Profit Beats
Tuesday, May 02, 2017 Devon Energy says it will divest about $1 billion of its assets.

Noble Energy To Sell Marcellus Gas Assets For $1.23B
Tuesday, May 02, 2017 Noble Energy says Tuesday it would sell all its natural gas production assets in the Marcellus shale field for $1.23 billion.

Deal Of The Month: ConocoPhillips Cuts Gas Profile in $3B San Juan Sale
Friday, April 28, 2017 Analysts say anything that makes an asset less gas-focused is ultimately a positive as ConocoPhillips sells off San Juan assets to Hilcorp Energy affiliate.

BHP Billiton Puts US Shale Gas Assets On The Block Again
Wednesday, April 26, 2017 BHP Billiton has put its Fayetteville shale gas assets in the United States back on the block.

Uruguay Says To Tender 17 Offshore Blocks For Exploration
Tuesday, April 25, 2017 Uruguayan state oil company Ancap says it will tender 17 offshore blocks for exploration.

South Sudan Says Talks Over Blocks B1 And B2 End, Seeks New Partners
Monday, April 24, 2017 South Sudan says Blocks B1 and B2 are open for direct negotiation after talks with Total, Tullow Oil and the Kuwait Foreign Petroleum Exploration Company break down.

China's CNOOC Tenders 10 Coal Bed Methane Blocks
Friday, April 21, 2017 CNOOC issued a tender offering domestic and foreign companies to bid for 10 coal bed methane blocks in the country.

Statoil Confident Brazil Deal To Go Ahead Despite Suspension
Tuesday, April 18, 2017 Statoil is confident that its deal with Petrobras to acquire a stake in exploration block BM-S-8 offshore Brazil.

Williams Partners Sharpens Natgas Focus With Petrochem Plant Sale
Monday, April 17, 2017 Williams Partners LP says it will sell its stake in a unit that owns 88.46% of an olefins plant in Louisiana to Nova Chemicals for $2.1B in cash.

Sources: Chevron Exploring Sale Of Canada Oil Sands Stake Worth About $2.5B
Thursday, April 13, 2017 Chevron is exploring the sale of its 20% stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people familiar with the situation.

ConocoPhillips Sells San Juan Basin Assets For $3B
Thursday, April 13, 2017 ConocoPhillips says it would sell natural gas-heavy assets in San Juan basin to privately held Hilcorp Energy for about $3 billion.

Eni Paid No Intermediary, Bribes To Acquire Nigeria Oilfield
Thursday, April 13, 2017 Eni reiterates it had not paid any intermediary or any bribes to acquire the OPL-245 oilfield in Nigeria.

Shell Switches New Zealand Holdings Ahead Of Possible Divestment
Thursday, April 06, 2017 Royal Dutch Shell sold its stake in a New Zealand gas field while taking over the field's operating company as part of a plan to possibly divest its holdings in the country later on.

India's ONGC Videsh to Spend Over $3 Billion on Iran Gas Block
Tuesday, April 04, 2017 The overseas arm of India's biggest oil and gas explorer intends to spend more than $3 billion on Iran's Farzad-B natural gas block.

INEOS to Buy Forties Pipeline from BP, 300 Staff Expected to Transfer
Monday, April 03, 2017 INEOS agrees to acquire the Forties Pipeline System (FPS) and Kinneil Terminal from BP plc for $250 million.

Deal Of The Month: ConocoPhillips Cashes In With $13.3 Billion Sale
Friday, March 31, 2017 Selling most of its Canadian oil sands assets to Cenovus, ConocoPhillips exceeds divestment target and is positioned to achieve more than $16 billion in asset sales by the end of the year.

Energean Farms Out 60% Interest in Blocks Onshore Western Greece
Friday, March 31, 2017 Energean Oil & Gas agrees to farm out a 60% interest in its Ioannina and Aitoloakarnania blocks, onshore Western Greece, to Repsol.

Petrobras Eyes Five Major Assets in New Divestment Program
Friday, March 31, 2017 Brazil's state-run oil company Petrobras is eyeing five major assets for a renewed divestment program to be formalized in the next two weeks.


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