All posts for Divestment

Petrofac: Completion of Sale of 49% of Mexico Operations

Petrofac has completed the sale of 49% of the Company's operations in Mexico to Perenco (Oil & Gas) International Limited (“Perenco”), following approval from the Federal Competition Commission of Mexico (COFECE). Under the terms of the sale, announced on 30 July 2018, Petrofac has been paid an in ...

OilVoice Press - OilVoice

Posted 2 days agoPress > PetrofacDivestmentMexico +2

Shell Agrees to Sell Upstream Interests in Denmark to Noreco for $1.9 Billion

Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for a consideration amount of $1.9 billion. SOGU is a wholl ...

OilVoice Press - OilVoice

Posted 4 days agoPress > ShellRoyal Dutch ShellDivestment +6

Equinor Focuses NCS Portfolio Through Sale of Non-Core Discovery

Equinor has signed an agreement with Aker BP to sell its 77.8% operated interest in the King Lear discovery on the Norwegian Continental Shelf (NCS) for a total of USD 250 million. “This transaction is a further example of our strategy of capturing value from active portfolio management thro ...

OilVoice Press - OilVoice

Posted 6 days agoPress > DiscoveryEquinor EnergyEquinor +6

Gazprom and OMV Sign Basic Agreement on Asset Sale

Alexey Miller , Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, today signed in St. Petersburg a Basic Agreement on Asset Sale. The signing ceremony took place in the presence of Vladimir Putin, President of the Russian Federation, and Sebas ...

OilVoice Press - OilVoice

Posted 16 days agoPress > OMVGazpromRussia +1

Ashurst Advises on the Proposed Sale of Merlon Petroleum to SOCO

International law firm Ashurst is advising Merlon International LLC, a Delaware company, in relation to the agreement to sell its subsidiary company Merlon Petroleum El Fayum Company, which owns oil & gas assets in Egypt, to SOCO International plc, which is listed on the Official List in London. ...

OilVoice Press - OilVoice

Posted 1 month agoPress > AshurstDivestmentMerlon Petroleum +2

Ørsted Divests 50% of Hornsea 1 Offshore Wind Farm

Ørsted has signed an agreement to sell 50% of the 1,218MW offshore wind farm Hornsea 1 to Global Infrastructure Partners (GIP). Hornsea 1 is under construction and will be the world's largest offshore wind farm when commissioned in 2020. As part of the agreement, Ørsted will construct the wind far ...

OilVoice Press - OilVoice

Posted 1 month agoPress > Wind FarmDivestmentOffshore +3

Santos Completes Sale of Non-Core Asian Assets

Santos announced in May 2018 the sale of its non-core Asian portfolio to Ophir Energy plc. Santos today advised completion of the sale of the producing assets has occurred (1). Santos has received cash proceeds of US$144 million at completion, which represents the sale price of US$221 million afte ...

OilVoice Press - OilVoice

Posted 1 month agoPress > SantosAsiaDivestment +1

OMV Closed the Divestment of Samsun Power Plant

Yesterday, OMV, the international integrated oil and gas company based in Vienna, closed the sale of OMV Samsun Elektrik Üretim Sanayi ve Ticaret A.Ş. to Yapisan Elektrik Üretim A.Ş., a subsidiary of Bilgin Enerji, based in Ankara. The transaction was signed on May 30, 2018.

OilVoice Press - OilVoice

Posted 1 month agoPress > OMVDivestmentPower Plant +1

Hess Completes Sale of Utica Acreage

NEW YORK--(BUSINESS WIRE)--Aug. 31, 2018-- Hess Corporation (NYSE: HES) today announced that it has completed the previously announced sale of its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 millio ...

OilVoice Press - OilVoice

Posted 1 month agoPress > HessHess CorporationNYSE +8

Canada: Total Sells its Interest in the Joslyn Oil Sands Project to CNRL

Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of 225 million Canadian dollars.  Following the oil price fall in 2014, the Joslyn project partners decided to put its fu ...

OilVoice Press - OilVoice

Posted 1 month agoPress > CanadaTotalDivestment +4

Total Sells its Polystyrene Business in China to INEOS Styrolution

Paris – Total has accepted an offer from INEOS Styrolution, the leading global styrenics supplier, to acquire its polystyrene business in China. It includes in particular two facilities with a production capacity of 200,000 tons per year each, located in Ningbo, Zhejiang Province, and in Foshan, ...

OilVoice Press - OilVoice

Posted 1 month agoPress > TotalDivestmentINEOS Styrolution

Polarcus Completes Divestiture of Capreolus Multi-Client Project

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) refers to the stock exchange release dated 29 June 2018 announcing the execution of a sale and purchase agreement with a subsidiary of TGS-NOPEC Geophysical Company ASA for the sale of its 22,130 sq. km. Capreolus 3D survey offshore Austral ...

OilVoice Press - OilVoice

Posted 2 months agoPress > PolarcusDivestmentOSE +2

DNO Subscribes to Shares in Panoro Energy, Completes Sale of Tunisia Assets

Oslo, 30 July 2018 - DNO ASA, the Norwegian oil and gas operator, today announced it has subscribed to 2,641,465 shares in Oslo-listed Panoro Energy ASA, representing 5.65 percent of the outstanding shares, at a price of NOK 12.82 per share. The share subscription follows a transaction in which ...

OilVoice Press - OilVoice

Posted 2 months agoPress > DNOPanoro EnergyDivestment +2

BHP: Sale of Onshore US Assets

BHP today announced that it has entered into agreements for the sale of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville Onshore US oil and gas assets for a combined base consideration of US$10.8 billion, payable in cash. BP American Production Company, a wholly owned ...

OilVoice Press - OilVoice

Posted 2 months agoPress > BHPDivestmentAssets +9

Baker Hughes, a GE company Reaches Agreement to Sell Natural Gas Solutions Business

LONDON & HOUSTON--(BUSINESS WIRE)--Jul. 18, 2018-- Baker Hughes, a GE company (NYSE: BHGE) today announced an agreement to sell its Natural Gas Solutions (NGS) business to two separate entities, First Reserveand Pietro Fiorentini S.p.A., for a combined value of $375 million. NGS is part of BHGE's T ...

OilVoice Press - OilVoice

Posted 3 months agoPress > Baker HughesGEDivestment +6