ConocoPhillips has announced two transactions intended to core up the important Asia-Pacific segment of its diverse global portfolio.The company announced it has entered into an agreement to sell the subsidiary that indirectly owns the company’s 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline […]

Zephyr Energy, the Rocky Mountain oil and Gas Company focused on responsible resource development from carbon-neutral operations has entered into a binding agreement to acquire further non-operated working interests in currently producing and near-term production wells in the Williston Basin, North Dakota, USA. The Directors of Zephyr believe that the Assets will be an ideal addition to Zephyr’s existing asset […]

Zenith Energy has announced that Zenith Overseas Assets Holdings Ltd. (ZOA), its fully owned subsidiary, has entered into a share purchase agreement (SPA) for the acquisition of a 100 percent interest in the issued, allotted, outstanding and fully paid-up share capital of Canadian North Africa Oil & Gas Ltd. (CNAOG) (previously named CNPC International (Tunisia) […]

BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) have signed a binding share sale agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside (Merger). Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new Woodside shares.  The signing of the SSA follows the merger commitment […]

EnQuest PLC has announced that it has completed the acquisition of a 26.69% non-operated equity interest in the Golden Eagle Area Development. As the Acquisition constitutes a reverse takeover under the Listing Rules, the admission of the Company’s ordinary shares  to the premium listing segment of the Official List maintained by the Financial Conduct Authority […]

Maersk Drilling – a Drilling Company of 1972 A/S has announced that it has entered into a definitive agreement to combine with Noble Corporation in a primarily all-stock transaction. The two merged drilling giant will now addressed as Noble Corporation, and its shares will be listed on the New York Stock Exchange and Nasdaq Copenhagen. […]

Chevron Global Energy Inc, a wholly owned subsidiary of Chevron Corporation, has announced that it signed an agreement with NesteOyj to acquire its NEXBASE™ brand, associated qualifications and approvals, and related sales and marketing business. “We expect the addition of the NEXBASE™ brand and associated business to provide value to our customers through improved logistics, […]

Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. The transaction will transfer all of Shell’s interest in the Permian to ConocoPhillips, subject to regulatory approvals. “After reviewing multiple strategies […]

Seadrill Limited (“Seadrill” or “the Company”) (OSE:SDRL, OTCPK:SDRLF) announces that the Company has reached a settlement agreement with Northern Ocean Ltd. (“NOL”) predominantly with respect to balances outstanding from Seadrill’s preparation of the West Mira and West Bollsta rigs. The settlement agreement closes all outstanding balances, claims and counter-claims between the companies and their respective […]

FAR Limited has announced the completion of the sale of its entire interest in the Senegal RSSD joint venture to Woodside Energy (Senegal) BV. In line with guidance given at the FAR Annual General Meeting, and as a result of completion, FAR has received US$126 million from Woodside. Additional payments to FAR, up to US$55 […]