News Topics: Property Acquisitions & Divestitures

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Barclays Oil Exit Sees Huge Numbers of Exotic Options Traded
Monday, July 24, 2017 Barclays sells the last part of its oil book to an unidentified buyer, triggering a surge in trading of exotic options written in the era of higher crude prices.

QEP Resources To Sell Wyoming Natgas Assets For About $740MM
Monday, July 24, 2017 QEP Resources says it will sell its natural gas assets in Wyoming.

Schlumberger Buys Eurasia Drilling Stake In Test Of Russia-US Ties
Friday, July 21, 2017 Schlumberger NV has agreed to buy a 51% stake in Russian peer Eurasia Drilling Co (EDC) in a deal likely to test Russia-US ties.

African Petroleum Lets Blocks Sale Exclusivity Clause Lapse
Thursday, July 20, 2017 African Petroleum has agreed to let an exclusive agreement lapse in talks to sell oil licenses in Gambia and Senegal, it says.

India Refiner HPCL Sees More Scope For Foreign Buys After ONGC Deal
Thursday, July 20, 2017 Hindustan Petroleum sees itself better placed to buy overseas downstream assets once it becomes part of the country's top explorer Oil and Natural Gas Corp, its chairman M. K. Surana said.

India Approves Creation of State Oil Giant in $4.6 Billion Deal
Wednesday, July 19, 2017 India approves the sale of a $4.6B stake in refiner Hindustan Petroleum Corp. to the country's biggest oil and gas explorer, according to a person with knowledge.

Mexico Sets Jan. 31 For Next Deep-Water Oil, Gas Tenders
Wednesday, July 19, 2017 Mexico's oil regulator, the National Hydrocarbons Commission, set Jan. 31 as the date for the next round of auctions.

Brazil Publishes Contract Model For 14th Round Oil-Rights Auction
Wednesday, July 19, 2017 ANP published the model contract for its 14th round auction of oil and natural gas exploration rights, scheduled for Sept. 27.

BP Says It Is Considering IPO of US Pipeline Assets
Tuesday, July 18, 2017 BP is considering spinning off certain US pipeline assets in the US Gulf and Midwest in an initial public offering, the company said Tuesday.

Trump Administration Reduces Royalty Rates In First US Oil, Gas Lease Sale
Thursday, July 13, 2017 The Trump administration announces its first offshore oil and gas lease sale.

Shell To Sell Stake In Corrib Gas Field In Ireland For $1.23B
Wednesday, July 12, 2017 Shell to sell its 45% stake in the Corrib gas venture to a unit of Canada Pension Plan Investment Board (CPPIB) for up to $1.23 billion

Halcon Pivots to Permian with $1.4 Billion Bakken Deal
Tuesday, July 11, 2017 Shale oil producer Halcon Resources Corp said it would sell most of its North Dakota operations for $1.4 billion cash, part of a plan to shift its focus to Texas' Permian Basin, the largest U.S. oilfield.

Jana Says EQT Can Save $4.5B By Scrapping Rice Energy Deal
Wednesday, July 05, 2017 Jana Partners stepped up its criticism of EQT Corp's deal to buy Rice Energy Inc, arguing that EQT could save as much as $4.5 billion.

ConocoPhillips to Sell Barnett Assets for $305 Million
Thursday, June 29, 2017 ConocoPhillips said it would sell its assets in the Barnett shale field in Texas to Miller Thomson & Partners LLC for about $305 million.

Takeover Target Amec to Retain European Nuclear Business
Thursday, June 29, 2017 Oil services company Amec Foster Wheeler Plc, which is being bought by peer John Wood Group Plc, said it had decided to retain its European nuclear unit and sell its North American business.

Tanker Firm Frontline Drops DHT Pursuit And Steers Away From Deals
Monday, June 26, 2017 Frontline has abandoned its pursuit of New York-listed rival DHT Holdings and is not working on any alternative acquisitions, Frontline's CEO says.

Petrobras Revives Plan for IPO of Fuel Distribution Unit
Friday, June 23, 2017 Petrobras' CEO said the company is reviving an initial public offering of its fuel distribution unit to cut its debt.

Delek To List New Unit That Will Take Over Part Of Tamar Stake
Thursday, June 22, 2017 Israeli oil company Delek Drilling sets up a company that will take over a 9.25% stake in the Tamar natural gas field.

Thailand To Announce Winners For Erawan, Bongkot Gas Fields In Feb 2018
Thursday, June 22, 2017 Thailand will announce the winning bids to take over the concessions to operate the Erawan and Bongkot offshore natural gas fields in the Gulf of Thailand in February next year.

Total Energy Services Completes Savanna Energy Services Acquisition
Wednesday, June 21, 2017 Total Energy Services Inc. completes acquisition of Savanna Energy Services Corp.

Hess To Sell Permian EOR Assets To Occidental For $600 Million
Monday, June 19, 2017 Hess says it will sell its stake in enhanced oil recovery (EOR) projects in the Permian Basin of West Texas and New Mexico.

European Commission Approves Shell's $3.8B North Sea Sale
Friday, June 16, 2017 The European Commission approved on Shell's $3.8B sale of North Sea oil and gas assets to Chrysaor.

Maersk Will Only List Oil Business
Friday, June 16, 2017 Danish shipping and oil conglomerate A. P. Moller-Maersk aims to list its oil business soon but has dropped plans to list other smaller units separately, Danish newspaper Berlingske reports.

Encana To Sell Natgas Assets To Caerus Oil For $735MM
Friday, June 09, 2017 Encana says it will sell its Piceance natural gas assets in northwestern Colorado for $735 million.

Centrica Sells Canadian Gas Assets For $305 MM
Friday, June 09, 2017 Centrica says it will sell its 60% stake in its Canadian oil and gas exploration and production joint venture.

Kremlin Spurns Speculation Of Rosneft Stake Buyback From Qatar
Wednesday, June 07, 2017 Any suggestions that Russia could 'eventually' buy back the stake in its flagship oil producer Rosneft are 'not possible and incorrect'.

Petronas' Stake Sale Of Offshore Gas Asset Advances To Second Round
Monday, June 05, 2017 The sale by Malaysian energy firm Petronas of an estimated $1 billion stake in a local upstream gas project has moved to the 2nd round.

Shell Completes Sale of Australian Aviation Business
Wednesday, May 31, 2017 Shell completes the sale of its Australian aviation business to Viva Energy Australia Pty Ltd for a total transaction value of approximately $250 million.


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