Divestment


All posts for Divestment

Premier Oil: Sale of Babbage Area Interests

Premier is pleased to announce that it has entered into a sale and purchase agreement to sell its interests in the Babbage Area to Verus Petroleum SNS Ltd (Verus). The interests include a 47 per cent interest in the Babbage gas field, a 50 per cent interest in the Cobra discovery and certain outsta ...

OilVoice Press - OilVoice


Posted 19 days agoPress > Premier OilDivestmentBabbage Area +3

Statoil Sells Non-Core Asset on UK Continental Shelf

Statoil has agreed to sell its 17% non-operated interest in the Alba oil field on the UK Continental Shelf (UKCS) to Verus Petroleum. Alba is an oil field in the UK Central North Sea that Statoil entered in 1995 and which is operated by Chevron. To date, it has produced around 420 million ba ...

OilVoice Press - OilVoice


Posted 20 days agoPress > StatoilDivestmentasset +5

Santos Delivers Scotia Project Ahead of Schedule and Under Budget, Sells Non-Core Denison Assets

26 April 2018 Santos has successfully completed commissioning and start-up of the Scotia CF1 project in Queensland, ahead of schedule and under budget with initial full field production exceeding 40 TJ/day, in line with expectations. The project, situated in the Bowen Basin, 340km northwest of ...

OilVoice Press - OilVoice


Posted 24 days agoPress > SantosScotia ProjectQueensland +7

Shell to Sell its Downstream Business in Argentina to Raízen

Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions. The sale includes the Buenos Aires Refinery, around 645 retail stations, liquefied petroleum gas, marine fuels, aviation ...

OilVoice Press - OilVoice


Posted 26 days agoPress > ArgentinaDivestDivestment +5

Shell Completes Sale of its Stake in Iraq’s West Qurna 1 Oil Field to ITOCHU Corporation

Shell EP Middle East Holdings B.V. has completed the sale of the entire share capital of Shell Iraq B.V (SIBV), which held its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of ITOCHU Corporation. The purchaser has also assumed debt of $144 million as part of the ...

OilVoice Press - OilVoice


Posted 1 month agoPress > ShellDivestmentIraq +4

Ashurst Advises on the Sale of a 50% Stake in Barryroe Field in Ireland

International law firm Ashurst is advising Providence Resources plc ('Providence'), the Irish based oil & gas exploration company, and Lansdowne Oil and Gas plc on a farm-out agreement ('FOA') with APEC Energy Enterprises Limited ('APEC') relating to standard exploration licence ('SEL') 1/11, conta ...

OilVoice Press - OilVoice


Posted 1 month agoPress > IrelandAshurstDivestment +7

Shell to Sell its Stake in Iraq’s West Qurna 1 Oil Field to Itochu Corporation

Shell EP Middle East Holdings B.V. has agreed to sell the entire share capital of Shell Iraq B.V (SIBV), which holds its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of ITOCHU Corporation. The purchaser will also assume debt of $144 million as part of the transactio ...

OilVoice Press - OilVoice


Posted 1 month agoPress > ShellIraqDivestment +6

Shell Announces Sale of New Zealand Interests to OMV for USD 578mln

Royal Dutch Shell plc (Shell), reached an agreement today to sell its shares in Shell entities in New Zealand, to OMV for USD 578mln. This follows a two-year strategic review of Shell's interests in New Zealand and the sale of Shell's interest in Kapuni in 2017. It is consistent with the Shell Gro ...

OilVoice Press - OilVoice


Posted 2 months agoPress > DivestmentShellOMV +3

Marathon Oil Announces Libya Divestiture for $450 Million

HOUSTON, March 02, 2018 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) announced today it has signed and closed on the sale of its subsidiary, Marathon Oil Libya Limited, which holds the Company's 16.33 percent non-operated interest in the Waha concessions in Libya, to a subsidiary of Tot ...

OilVoice Press - OilVoice


Posted 2 months agoPress > Marathon OilMarathon Oil CorporationDivestment +2

OMV Divests Upstream Business in Pakistan

Sale of OMV Upstream Business in Pakistan to Dragon Prime Hong Kong Limited for a consideration of EUR 157 mn Further step in optimizing OMV's Upstream portfolio OMV, the international integrated oil and gas company based in Vienna, has agreed to sell its Upstream Business in Pakistan ...

OilVoice Press - OilVoice


Posted 2 months agoPress > OMVDivestmentPakistan +2

Noble Energy Announces $750 Million Share Repurchase Program

Company also announces divestment of U.S. Gulf of Mexico business Houston , Feb. 15, 2018 (GLOBE NEWSWIRE) -- Noble Energy, Inc. ( NYSE : NBL ) ("Noble Energy" or "the Company") today announced that its Board of Directors has authorized a $750 million share repurchase program.  In additi ...

OilVoice Press - OilVoice


Posted 3 months agoPress > Noble EnergyShare RepurchaseUnited States +5

Faroe Petroleum: Sale of 17.5% Interest in PL586 (Fenja) to Suncor Energy Norge AS

Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has executed a transaction with Suncor Energy Norge AS (‘Suncor') for the sale of a 17.5% working interest in the ...

OilVoice Press - OilVoice


Posted 3 months agoPress > DivestmentFaroe PetroleumSuncor +5

Carrizo Oil & Gas Announces Closing of Eagle Ford Shale Divestiture and Partial Redemption of Its 7.50% Senior Notes Due 2020

HOUSTON --(BUSINESS WIRE)-- Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today announced that it closed the previously-announced sale of a portion of its assets in the Eagle Ford Shale on January 31, 2018 . Carrizo received approximately $212 million at closing, subject to post-closing adjustments; th ...

OilVoice Press - OilVoice


Posted 3 months agoPress > Carrizo Oil & GasNasdaqEagle Ford +3

Shell Agrees to Sell Stake in Thailand’s Bongkot Field to PTTEP

Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd, affiliates of Royal Dutch Shell Plc, have agreed to an asset sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited (PTTEP) and PTTEP Inter ...

OilVoice Press - OilVoice


Posted 3 months agoPress > ShellDivestmentThailand +4

Noble Energy Announces Tamar Sell-Down

Noble Energy, Inc. ( NYSE : NBL ) ("Noble Energy" or "the Company") today announced that it has signed a definitive agreement to divest a 7.5 percent working interest in the Tamar field, offshore Israel , to Tamar Petroleum Ltd. (TASE: TMRP) ("Tamar Petroleum") for cash proceeds of approximately $ ...

OilVoice Press - OilVoice


Posted 3 months agoPress > NYSENoble EnergyTamar +4