Acquisitions & Divestitures - News
Lone Star Ports LLC will lead development and operation of a Carlyle Group-backed crude export terminal in Corpus Christi, Texas, that can fully load supertankers, according to a statement from the project leaders on Dec. 14.
The Nigerian government filed a $1.1 billion lawsuit against Shell and Eni in a commercial court in London on Dec. 13 in relation to a 2011 oilfield deal involving block OPL 245.
Chrysaor has signed up investment banks Jefferies and BMO for the discussions as a deadline for the bids for Chevron's British North Sea oil and gas fields approaches, the four sources said.
Total remains committed to the Australian Ichthys LNG project and the French company would be holding on to its remaining 26% stake in Ichthys, says a company exec.
Butkin Oil retained RedOaks Energy Advisors to sell certain operated, conventional oil properties in Carter and Stephens counties, Okla.
San Antonio-based newcomer is focusing on projects in the Permian Basin.
Hess is looking to sell its Bakken water services business in a proposed $225 million-cash transaction with a midstream energy joint venture between Hess and Global Infrastructure Partners.
The board of Faroe Petroleum, in which DNO already owns 28%, has said the company was worth substantially more than DNO's takeover bid, first announced on Nov. 26.
French energy company Total has strengthened its position in Mauritania by winning contracts for two new exploration blocks deep offshore.
Mexico’s energy regulator on Dec. 11 canceled two oilfield auctions scheduled for February, after the new leftist government said it would not hand over more resources to private companies until they proved themselves as producers.
Panther Energy retained Detring Energy Advisors to sell oil and gas leasehold assets located in Vernon and Beauregard Parishes of the Western Louisiana Austin Chalk trend.
Merit Energy retained Houlihan Lokey Capital to sell liquids-weighted, shallow-decline Hugoton Basin properties located in southern Kansas and northern Oklahoma.