French utility GDF Suez plans to sell several of its gas assets in the British part of the North sea to Italian oil company… Reporting by Caroline Jacobs (Reuters) Source: Reuters, September 8, 2011;
Further to the announcement and the press release dated 23 June 2011 in relation to the AHTS’ receipt of its maritime class certification from Det Norske Veritas, the Board of Directors of Otto Marine Limited announced that it has entered into a letter of intent dated 10 August 2011 to sell the AHTS Vessel Deep [...]
Clough Limited today announced that it has agreed to sell its offshore Marine Construction Division to SapuraCrest Petroleum Berhad (SapuraCrest), a company listed on the Malaysian stock exchange, for gross proceeds of approximately AUD127m in cash. The companies have entered into a conditional Master Sale and Purchase Agreement with certain conditions precedent. Clough’s offshore Marine [...]
Oil and gas producer and explorer Petsec Energy Ltd says it will sell its oil interests in China for $A38 million and use the proceeds to… ninemsn Source:ninemsn , June 2, 2011;
BP announced today that it has entered into an agreement to sell almost all of its exploration and production assets in Pakistan to United Energy Group Limited (UEG). UEG will pay BP a total of $775 million in cash for these assets which consist of nine producing and exploration blocks in Sindh province and four [...]
Sembcorp Marine’s subsidiary PPL Shipyard has signed a US$195 million contract to sell a jack-up rig, already under construction, to Transocean Ltd, the world’s largest drilling contractor and the leading provider of drilling management services worldwide. The jack-up rig is based on PPL Shipyard’s latest proprietary design, the Pacific Class 400 and is scheduled for [...]
Total announces having finalized an agreement in principle with Perenco, an independent exploration and production French company, to sell its 75.8% equity in its upstream affiliate Total E&P Cameroun, a Cameroonian company which other shareholders include the national oil company – SNH (Société Nationale des Hydrocarbures – 20%) and Paris Orléans – Groupe Rotchshild (4.2%). [...]
BP today announced that it has reached agreement to sell its recently-acquired interests in four mature producing deepwater oil and gas fields in the US Gulf of Mexico to Marubeni Oil and Gas for $650 million. BP acquired the interests in the fields – Magnolia, Merganser, Nansen and Zia – from Devon Energy earlier in [...]
Tap Oil Limited (ASX: TAP) announces that it has agreed to sell its 75% interest in the R3 Retention Lease in the offshore Carnarvon Basin, Western Australia to Oil Basins Limited (OBL). The terms of the transaction are set out in the Oil Basins Limited ASX Release attached. Tap’s Managing Director Mr Stickland said the [...]
BP announced today that it has reached agreement to sell its upstream businesses and associated interests in Venezuela and Vietnam to TNK-BP for a total of $1.8 billion. TNK-BP, Russia’s third largest oil company, is owned equally by BP and the AAR Consortium (comprising Alfa Group, Access Industries and Renova). The agreement includes BP’s interests [...]
