Divestment


All posts for Divestment

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 10 months 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 10 months 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 10 months 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 11 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 11 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 11 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 1 year agoPress > Baker HughesGEDivestment +6

Oil & Gas Firm to Sell Assets, Portending Successful Divestiture Program

  Raymond James reported on this Houston-based company's recently announced deal. In a June 26 research note, analyst John Freeman with Raymond James reported that Oasis Petroleum Inc. (OAS:NYSE) signed agreements to sell to an undisclosed buyer 65,000 noncore net acres in the Bakken's Wil ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Oilgaso&g +5

Total Enters Into Exclusive Negotiation Alongside EDF for the Sale of its Stake in the Dunkerque LNG Terminal

Paris, 29 June 2018  - Total has decided to enter into an agreement to sell its 9.99% stake in the Dunkerque LNG terminal, as a part of a broader sale process initiated by EDF (65.01%) earlier this year. At the completion of the transactions two buyers, a consortium composed by Fluxys Europe B.V. ...

OilVoice Press - OilVoice


Posted 1 year agoPress > TotalEDFDunkerque +5

Hess Announces Sale of Utica Acreage

NEW YORK--(BUSINESS WIRE)--Jun. 29, 2018-- Hess Corporation (NYSE:HES) today announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effecti ...

OilVoice Press - OilVoice


Posted 1 year agoPress > HessHess CorporationNYSE +7

Polarcus Divests Capreolus Multi-Client Asset

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces that a subsidiary of the Company has signed an agreement for the sale of its 22,130 sq.km. Capreolus 3D survey offshore Australia in return for a cash consideration of USD 6.5 million. The transaction will result in a non-cash ga ...

OilVoice Press - OilVoice


Posted 1 year agoPress > PolarcusDivestmentOSE +2

OMV Closed the Divestment of OMV Pakistan

Today, OMV, the international integrated oil and gas company based in Vienna, closed the sale of its Upstream companies active in Pakistan to Dragon Prime Hong Kong Limited, a wholly-owned subsidiary of United Energy Group Limited, an independent exploration and production company. The final pu ...

OilVoice Press - OilVoice


Posted 1 year agoPress > OMVDivestmentOMV Pakistan +2

Petrofac - Disposal of Chergui Asset

Petrofac announces that it has agreed the sale of its entire 45% interest in the Chergui asset in Tunisia to Perenco. This sale marks another milestone in the Group's strategy to transition back to a capital light business model by divesting non-core assets and follows the recent disposal of the J ...

OilVoice Press - OilVoice


Posted 1 year agoPress > PetrofacDisposalDivestment +3

Shell Completes Sale of Stake in Thailand’s Bongkot Field to PTTEP

Shell announced today that its affiliates, Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd, have completed the 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 Inte ...

OilVoice Press - OilVoice


Posted 1 year agoPress > ShellRoyal Dutch ShellDivestment +5

Shell to Sell Draugen and Gjøa Interests to OKEA AS

Royal Dutch Shell plc, through its affiliate A/S Norske Shell, has reached an agreement with OKEA AS to sell its entire 44.56% interest in Draugen and 12.00% interest in Gjøa in Norway for $556* million (NOK 4,520 million). The transaction is subject to regulatory approval and is expected to compl ...

OilVoice Press - OilVoice


Posted 1 year agoPress > ShellRoyal Dutch ShellDivestment +5