BP has agreed to sell its 50% nonoperated in Sean natural gas field in the southern UK North Sea to SSE PLC of Perth, Scotland, for $288 million.

Tesoro Corp. affiliate Tesoro Logistics LP (TLLP) bought Chevron Pipe Line Co.’s Northwest Products System.

Phillips 66 plans to form a master limited partnership with some of its transportation assets although the company said it’s still evaluating which assets will go into the MLP.

Chesapeake Energy Corp. plans to sell midstream assets in the Marcellus, Utica, Eagle Ford, Haynesville, and Niobrara to Access Midstream Partners for $2.16 billion in a transaction expected to close by Dec. 31.

BHP Billiton has sold all its interests in the Woodside Petroleum-led Browse LNG joint venture to PetroChina for $1.63 billion.

OAO Rosneft finalized plans to buy a 50% stake in TNK-BP from the AAR Consortium (Alfa Group, Access Industries, and Renova Group) for $28 billion as outlined in a previously announced agreement in principle.

The Canadian government approved two acquisitions by international state-owned energy companies for Canadian oil sands and shale gas assets but indicated that approval for future transactions by other state-owned enterprises for petroleum assets would be approved only under exceptional circumstances.

Noble Energy Inc. plans to invest $1.7 billion in the Denver-Julesburg basin, primarily in northern Colorado, during 2013, and the company estimates its net resources in Wattenberg and Niobrara at 2.1 billion boe.

Wood Mackenzie Ltd. calculates oil and gas companies will spend $28 billion in the South Texas Eagle Ford play during 2013.

Atlas Pipeline Partners LP has agreed to buy Cardinal Midstream LLC. Owned or operated assets will include three cryogenic processing plants totaling 220 MMcfd capacity, about 66 miles of associated pipelines, and a gas treating business including 17 treatment plants in assorted hydrocarbon basins.