OMV AG, as part of a strategic streamlining of its downstream business enabling it to concentrate on exploration and production, has signed an agreement to sell its marketing subsidiary in Bosnia-Herzegovina to NIS, Novi Sad, Serbia (OGJ Online, Jan. 13, 2012).

Abu Dhabi National Energy Co. (TAQA) agreed to buy a package of UK Central North Sea oil and gas fields from BP PLC for $1.06 billion along with anticipated future payments that BP said could exceed $250 million over 3 years.

The US Environmental Protection Agency temporarily suspended BP Exploration & Production Inc., BP PLC, and BP affiliates from new contracts with the federal government, citing what EPA called BP’s lack of business integrity regarding the Macondo deepwater well blowout and resulting oil spill.

Imperial Oil Ltd. will participate as a 50% owner with ExxonMobil Canada Ltd. in the previously announced acquisition of Celtic Exploration Ltd., Calgary (OGJ Online, Oct. 17, 2012).

OGX has agreed to buy a 40% participating interest in Block BS-4 in the Santos basin offshore Brazil from Petroleo Brasileiro SA (Petrobras) for $270 million.

ONGC Videsh Ltd. agreed to buy an 8.4% interest in the North Caspian Sea production-sharing agreement, including Kashagan offshore oil field, from ConocoPhillips, subject to approvals from Kazakhstan government authorities and consortium partners waiving their priority rights.

Nexus Energy Ltd. of Melbourne wants to sell down some of its 17% interest in the Crux gas-condensate field in the Browse basin offshore Western Australia.

BP PLC has signed definitive agreements under which it will sell its half-interest in TNK-BP to Rosneft and increase its holding in Rosneft to 19.75% (OGJ Online, Oct. 22, 2012).

Wintershall Holding GMBH will take delivery in Germany and elsewhere in Northwest Europe of as much as 45 billion cu m of natural gas over 10 years under new agreements with Statoil.

State-owned China National Petroleum Corp. and the Autonomous Regional Government of Tibet have signed a framework agreement on the supply of natural gas by CNPC to Tibet, with which the Chinese government’s relations have long been strained.

Total SA has agreed to sell its 20% interest in OML 138 offshore Nigeria, where production began from Usan oil field in February, to a wholly owned subsidiary of China Petrochemical Corp. (Sinopec) for $2.5 billion cash before closing adjustments (OGJ Online, Feb. 24, 2012).