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Eni Edges Closer Toward $8 Billion Asset Sales Goal

The state-controlled company, which has one of the best success rates in the industry in finding new reserves at one of the lowest cost bases, has tabled disposals of 7 billion euros (US$8.01 billion) to 2019.

Emily Moser
Fri, 04/29/2016 - 15:05
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Neos Enters Deal To Acquire CGG's Multi-Physics Business

The acquisition will transform San Francisco-based Neos into a "world leader" in the detection of natural resources, the release said.

Emily Moser
Fri, 04/29/2016 - 14:55
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Marketed: Chevron Interests, Permian Basin, Marcellus Shale

Chevron Corp. (NYSE: CVX) is offering for sale interests in its Marcellus Shale and Permian Basin assets, according to EnergyNet, which has been retained to handle the transactions.

In the Permian, the San Ramon, Calif.-based company is selling roughly 6,800 net acres, including producing assets, operated and nonoperated interests, in Ector and Andrews counties, Texas.

Chevron is also selling interest in nearly 29,000 net acres in the Marcellus in Pennsylvania, as well as operations, in separate packages.

Emily Moser
Fri, 04/29/2016 - 13:15
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Indigo Minerals Lands Cotton Valley/Haynesville Acreage For $375 Million

The acquisition included certain producing properties and undeveloped acreage in the core of the plays. Pro forma, Indigo Minerals holds about 160,000 net acres in Northwest Louisiana and East Texas.

Emily Moser
Fri, 04/29/2016 - 10:25
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Black Stone To Buy $102 Million Mineral Package From Freeport-McMoRan

The deal bolsters the Houston-based company's presence in the Permian region with about 100 active permits in the Midland and Delaware basins, including the Wolfcamp and Spraberry intervals

Emily Moser
Fri, 04/29/2016 - 10:20
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Murphy Oil To Exit Syncrude JV, Sells Interest To Suncor

Syncrude is a JV operation in the Alberta Sedimentary Basin, which extracts bitumen from oil sands and upgrades it to light synthetic crude oil. Production averaged 15,600 boe/d (net) in the first quarter of 2016.

Emily Moser
Thu, 04/28/2016 - 07:27
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American Midstream Bags Additional Gulf Of Mexico Assets

The Denver company acquired a 66.7% interest in the Okeanos pipeline,  a 100-mile gas gathering system in the GoM, from an affiliate of its general partner for an undisclosed amount.

Emily Moser
Thu, 04/28/2016 - 07:11
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Zenith Energy Completes Acquisition Of BP's Amsterdam Terminal

The terminal is on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp (ARA) region, which has Europe’s largest concentration of refining capacity; ARA is also one of the largest refined product trading hubs globally.

Erin Pedigo
Wed, 04/27/2016 - 10:45
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Schlumberger Snaps Up Xtreme’s Coiled Tubing Drilling Units

Xtreme currently owns a fleet of 11 coiled tubing units in Saudi Arabia and the United States. The transaction is subject to customary closing conditions and is expected to close in the third quarter, Schlumberger said in the release.

Wed, 04/27/2016 - 08:33
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American Midstream Buys 'Strategic' GoM Infrastructure For $225 Million

The Denver-based company's acquisitions consited of incremental ownership in Delta House, which is a semisubmersible Floating Production System in the GoM. Delta House is operated by LLOG Exploration Co. LLC.

Emily Moser
Tue, 04/26/2016 - 07:55
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Southern Kentucky Energy Acquires Producing Gas Wells, Midstream Assets

Southern Kentucky Energy said April 25 it has completed the purchase of natural gas operations, including producing wells and midstream assets, through two separate transactions.

Emily Moser
Tue, 04/26/2016 - 07:41
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Husky Energy Will Sell Partial Interest In Lloydminster Area Midstream Assets

A committee of independent directors appointed by Husky’s board to review and assess the transaction was advised by BMO Capital Markets. Osler, Hoskin & Harcourt LLP was legal adviser.

Erin Pedigo
Mon, 04/25/2016 - 17:53
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Premier Oil Shareholders Support Acquisition Of E.ON North Sea Assets

When transaction was first announced, Premier's shares were suspended as the deal was classified as a reverse takeover. Deal will be complete by the end of this month, Reuters reported. 

Erin Pedigo
Mon, 04/25/2016 - 10:13
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Shell Will Close BG Group's Head Office By Year-end 2016

As part of 10,300 job cuts it has already announced, 2,800 will come from integration of BG and 7,500 from Shell’s existing staff and direct contractor base, Reuters reported. 

Erin Pedigo
Mon, 04/25/2016 - 09:59
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Rosneft Will Not Sell Down Stake In Italian Refiner Saras

Asked about resuming oil shipments from Iran, Dario Scaffardi, Saras' managing director, said there were still some hurdles to overcome on the banking front.

Erin Pedigo
Fri, 04/22/2016 - 10:25

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