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A&D - E&P

Amec Foster Wheeler Will Sell Assets For 100 Million British Pounds

The company said it planned to cut annual costs by 100 million pounds with a reduction in overhead expenses, Reuters reported.


Callon Closes Acquisition Of Midland Basin Assets From Plymouth

Callon's surface acreage position in the Midland Basin now totals more than 40,000 net acres, with roughly 20,000 net acres focused in Howard.


Clayton Williams Will Sell Giddings Assets In Texas For $400 Million

CWEI said that the transaction will transition it into a pure play Permian Basin company, strengthen its balance sheet and liquidity, and allow it to focus on developing about 70,000 net Southern Delaware Basin acres.


DualEx Closes Acquisition Of Producing Peace River Arch Assets

DualEx also said that Jason Schoenfeld was appointed as vice president of engineering, effective Oct. 20. Schoenfeld is a professional engineer with 20 years’ experience in the western Canadian oil and gas industry.


Report: Rosneft Is Unlikely To Buy Out Stake In Bashneft

Rustem Khamitov, president of Russia's internal Republic of Bashkortostan, said on Oct. 21 it was unlikely that Russian oil major Rosneft will offer to buy its 25% stake in Bashneft, Reuters reported.


Report: Eni Is In Discussions With Buyer Over Mozambique's Area 4 Gas Field

State-controlled Eni, which owns 50% of Area 4, had previously said it was ready to sell up to 25% as part of a disposal program to help fund growth, Reuters reported.


Austria's OMV Sells 19 Oil Fields In Romania To Mazarine Energy

In 2015, the fields had a cumulative daily production of about 1,000 barrels of oil equivalent per day, representing less than 1% of OMV Petrom's daily production, Reuters reported.


Harvest Natural Resources Closes Sale Of Venezuelan Interests

Now, Harvest's primary tangible asset is its oil and gas interests in Gabon. Harvest has received two proposals for the purchase of its Gabon interests and is in discussions with both potential buyers.


Report: Enerplus Seeks Buyer For Marcellus Natural Gas Assets

Sources said the Marcellus assets, which are in Pennsylvania, have drawn interest from parties in the U.S. and Asia. Sources said that private-equity firms are the most likely buyers, Reuters reported.


Emerson Will Acquire Permasense Corrosion Monitoring Provider

With the Permasense acquisition, St. Louis-based Emerson will be the largest provider of integrity and corrosion management solutions.


Perisson Closes Acquisition Of Ribstone And Success Properties

Perisson will operate the properties. It plans to recomplete one of the wells at Ribstone and convert another to provide onsite water disposal.


Newfield Closes Sales Of Producing Texas Assets For $380 million

Newfield reaffirmed its previous third-quarter 2016 production guidance, saying the sales will likely not materially affect third-quarter production.