EnQuest PLC today announces that it has agreed with Swedish oil and gas company, PA Resources AB and certain of its subsidiaries (“PA Resources”) to acquire a 70% participating interest in and operatorship of the offshore Tunisian assets of PA Resources, including 2 MMboe of net producing 2P oil reserves in the Didon oil field [...]
Chevron, a California-based oil and gas giant, is in talks with several companies to divest its downstream assets in Egypt and Pakistan, Reuters reports citing banking sources. The company is hoping to collect up to $300 million from the divestments. Three bids have been launched from interested parties, the news agency further reports, but the [...]
Harkand, the international subsea inspection, repair, maintenance and light construction group, today announced an agreement to acquire the main assets and business of Veolia Marine Services (“VMS”). The acquisition will add 150 onshore and offshore staff, three dynamically-positioned multi-purpose vessels (MSV), and six work-class remotely operated vehicles (ROVs) to Harkand’s growing workforce and fleet. With [...]
Statoil and Total have reached agreement on asset swap in the Barents Sea, offshore Norway. Statoil acquires 10% equity in PL535 in exchange for 10% equity in PL395. Production licenses PL395 and PL535 are situated on the Bjarmeland Platform in the central Barents Sea, where both companies have proved gas resources: Ververis discovery in PL395 [...]
Aziana has announced that they have reached a conditional agreement with the Board of unlisted public company Eternal Resources Limited (ACN 149 833 072) (“Eternal”) to acquire all the shares and options in Eternal by means of an off-market all-scrip takeover. Eternal is an unlisted public company with exciting oil & gas exploration and production [...]
April 15, 2013 | Posted in
Also in the News,
Americas,
Company News,
Featured,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
Project Updates,
REGIONAL NEWS |
Read More »
Clariant has announced today that it signed an agreement with Ecolab Inc. to acquire certain of its deep water Gulf of Mexico assets. The divestment of the assets by Ecolab was a prerequisite by the U.S. Department of Justice for the approval of the acquisition of Champion Technologies. Financial details of the acquisition are not [...]
Black Elk Energy Offshore Operations, LLC, an independent oil and gas company headquartered in Houston, Texas announced yesterday the completion of sale of four non-core properties to a third party. The sale consisted of one non-operated and three operated fields in the Eugene Island, Ship Shoal and South Timbalier areas with net production of approximately [...]
Hess Corporation announced it has completed the sale of its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion. Adjusting for net cash flow received since the Jan. 1, 2012 effective date of sale, after tax [...]
April 1, 2013 | Posted in
Company News,
Europe & Eurasia,
Featured,
Headlines,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
Project Updates,
REGIONAL NEWS |
Read More »
Niko Resources Ltd has announced that the company is in advanced negotiations with two separate third parties for the sales of certain non-core assets for combined sales proceeds of $157 million. The Company is working towards signing of definitive sale and purchase agreements by April 30, 2013. Further details on these transactions will be provided to the [...]
March 28, 2013 | Posted in
Africa,
Americas,
Company News,
Contracts & Tenders,
Featured,
News,
NEWS BY TOPIC,
News Categories,
REGIONAL NEWS,
South & Central Asia,
Top Stories |
Read More »
Brazil’s state-run oil company Petrobras will, according to Reuters, put up its assets in Nigeria for sale. The oil company has, reportedly, hired Standard Charters to run the auction procedure. Reuters has cited industry and banking sources which claim that Petrobras is looking to gather as much as USD 5 billion from the sale. Asian [...]
