OPIS, the most complete source for U.S. refined petroleum pricing data, news and analytics for the downstream market, will remain based in Gaithersburg, Md.
The Houston company has entered into an agreement to sell its U.S. oil country tubular goods (OCTG) business to Sooner Pipe LLC, a subsidiary of Marubeni-Itochu Tubulars America Inc.
Exor said low valuations in the oil and gas sector presented opportunities for companies such as Welltec, which provides robotics for the cleaning, maintenance and repair of oil wells.
Revolving credit facility borrowings will fund the remaining $70 million cash purchase price for the Golar Tundra. About $380 million of debts will then mature in 2021 instead of from 2018.
"We are moving ahead with the divestiture program and have already received numerous indications of interest," Howard Thill, Devon's senior vice president for communications and investor relations told Reuters.
Arsenal Energy Inc. is offering producing properties in the Williston Basin in North Dakota.
Meagher Energy Advisors has been retained by the company's U.S. subsidiary, Arsenal Energy USA Inc., to handle the transaction.
The properties include 59 operated and 55 nonoperated wells. The majority of production comes from the Bakken/Three Forks formations in the Stanley and Lindahl fields.
The Stanley Field consists of 4,212 net acres, 100% HBP, in Mountrail County, N.D. Lindahl consists of 1,588 net acres, also HBP, in the northeast corner of Williams County, N.D.
Most of the company's other acreage is in Burke County, N.D.
The field, operated by Denmark's Maersk Oil, is located in the British part of the North Sea and produces 8,000 barrels of oil equivalent per day, the company said.
Loss for six months ended Dec. 31 compared with AU$308 million profit a year ago. Underlying earnings rose 24.2% to AU$375 million, broadly in line with analyst expectations, Reuters said.
Sale includes company’s 24% interest in license 12/06 in Denmark, which holds the Broder Tuck and Lille John discoveries, and its exploration licenses in the U.K., Germany and the Netherlands.
Husky Energy Inc., MEG Energy Corp. and others are selling assets or slowing light and conventional oil E&P, even while continuing with oil sands projects that are losing money, Reuters said.
Apache Corp. (NYSE: APA) is offering operated properties in the Delaware Basin.
The properties include six producing wells and are located in Pecos and Reeves counties, Texas.
The Oil & Gas Asset Clearinghouse has been retained by the Houston company as its exclusive technical, marketing and transaction adviser for the sale.
Askarri, based in Houston, has been dormant for the last few years, the release said. However, the company is said to have history with major oil companies, providing services to both onshore and offshore oil and gas producers.
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