Siccar Point sale attracts bids of up to $2bn – report
Bids to buy North Sea producer Siccar Point Energy have come in at between $1.2bn and nearly $2bn, according to a news report.
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Centrica formally launches sale of Spirit Energy – report
Centrica has formally launched the process of selling off its stake in North Sea explorer Spirit Energy, according to a news report.
Nostra Terra gets additional $600,000 for Chisholm Trail sale
Nostra Terra said it has been given a cash boost for the sale of its interest in the Chisholm Trail prospect.
Conoco looks to divest up to $8bn of assets
US independent oil producer ConocoPhillips plans to sell $8billion worth of natural gas assets.
Chevron said to be planning $5bn assets sale in Asia
Oil major Chevron is said to be planning to sell a number of assets in Asia worth up to $5billion.
Sechin says Rosneft worth up to $130bn as Putin mulls sale
Russia’s Rosneft PJSC could be worth as much as $130 billion, Chief Executive Officer Igor Sechin said as President Vladimir Putin is reported to consider selling a stake in the state oil giant to China and India.
Golar LNG strikes purchase agreement deal worth $330million
Golar LNG said it has entered into a purchase agreement to sell the Golar Tundra for $330million.
Kuwait Petroleum Corp to sell loss making assets
Kuwait Petroleum Corp (KPC) said it plans to sell loss-making assets to cut costs as low oil prices pressure its finances.
Petroceltic considers future, launches offer period
Petroceltic said it was considering a number of options for the company’s future including the sale of some or all of its assets. The board said options being considered include a farm-out or sale of one or more the company’s existing assets, a merger with a third part, or the sale of its entire issued share capital in the form of debt or subscription of new ordinary shares.
Cheniere boss sells off more stock in company
The chief executive of Cheniere Energy plans to cash in on 50,000 shares in the company, according to a recent regulatory filing. The Securities and Exchange Commission (SEC) filing shows Charif Souki holds around 3.4million shares in the firm.
National Grid starts sales process for UK gas grid stake
National Grid Plc, the operator of UK’s electricity and natural gas networks, started a process for the potential sale of a majority stake in its domestic gas distribution business.
Shell completes sale of some downstream businesses in Norway
Oil giant Shell has completed the sale of Smart Fuel to St1 Nordic Oy of some of its downstream businesses in Norway. The company said it would still continue to remain highly visible in the country, despite the deal for its retail, commercial fuels and supply and distribution logistics businesses. Shell and St1 have also joined forced to create Aviation Fuelling Services Norway AS, a joint venture to sell aviation fuel in Norway.
Penn Virginia sells Texas assets in $75million deal
Penn Virginia has signed a deal to sell assets in Texas for $75million. The company would not disclose the buyer but said the sale would close by the end of next month.
Shell completes $737million sale of Nigerian oil field
Oil major Shell has completed the sale of its stake in a Nigerian oil field for $737million. The company is nearing the completion of a strategic asset review in the West African country.
Premier Oil completes assets sales worth $147.5million
Premier Oil has completed transactions in two of its asset sales worth a combined $147.5million. The company previously revealed it would be selling off its non-operated interests in the producing Scott, Telford and Rochelle fields to MOL Group for $130million before interim period adjustments.
GMS wins contract award for new vessel
GMS (Gulf Marine Services) has won its first contract award for one of its mid-size vessels. The GMS Shamal will be chartered by national oil company in the MENA region. The company said the contract is for five years, which includes a two years firm option, with a further three one-year options.
Total sells off remaining stake in GTT
Total has entered into an agreement for the sale of its remaining stake in GTT (Gaztransport and Technigaz) to Temasek. The sale, which was netted the French company more than $650million, follows an initial transaction in February this year. The company said it initially reduced its shareholding from 30% to 10.4%.
Government endorsement for Oilex
Oilex has been endorsed by the Indian government for the sales from the Bhandut-3 well in the Bhundut field. The company said the backing was a "critical milestone" for the field's production. The project will now gather the appropriate production facilities including a compressed natural gas (CNG) loading facility that will enable "bullet" trucks to be loaded for transportation on site.
Pan Orient sells share in onshore Thailand block
Pan Orient Energy has sold a 50% interest in its subsidiary which operates its L53/48 Thailand concession to Sea Oil for $42.5million including a working capital adjustments of $2.4million. The deal is expected to be closed by January, with a $4million break free payable by Sea Oil if shareholder approval is not obtained.
Penn West sells $355million of core assets
Penn West Petroleum has signed an agreement to sell a number of its non-core assets in Canada for $355million to a private company. The assets in south central Alberta are currently producing around 7,500BOE (Barrels of Oil Equivalent) per day.
Midstates Petroleum sells $90million of assets to private buyer
US-based Midstates Petroleum Company has sold assets in the Gulf Coast worth $90 million to a private buyer, the company has announced. It has sold its Dequincy assets, which includes the 20 mile El Grande pipeline which the company constructed and owned.