More Companies News

E&P capital spending to rebound in North America

Oil and gas industry capital spending in the US will increase 5.2% in 2014 to $338 billion, according to Oil & Gas Journal's annual spending report. Capital expenditures also will climb in Canada this year, up 2.4% to $80 billion (Can.).

Devon completes $6 billion purchase of Eagle Ford assets

Devon Energy Corp., Oklahoma City, has completed its $6 billion purchase of 82,000 net acres in the Eagle Ford play from Woodlands, Tex.-based GeoSouthern Energy more than 3 months after the agreement was reported.

Warrego Energy signs farmout for tight gas field

Warrego Energy Ltd., Perth, has signed a $40 million (Aus.) farmout agreement with Dutch exploration and production specialists Dyas BV and Mazarine Energy BV to bring technical expertise to development of the West Erregulla tight gas field in the onshore North Perth basin in Western Australia.

Woodside signs LNG supply deal with Korea Gas

Woodside Petroleum Ltd. has signed a sales and purchase agreement with Korea Gas Corp. for a maximum supply of 2.2 million tonnes of LNG during 3 years from its 4.3 million tonne/year Pluto LNG plant on the Burrup Peninsula near Karratha in Western Australia.

Williams Partners to buy Canadian assets from Williams for $1.2 billion

Williams Partners LP, Tulsa, has agreed to acquire Williams Cos. Inc.’s Alberta operations for $1.2 billion. The transaction is expected to close Feb. 28. Williams currently owns 64% of Williams Partners, including general partner interest.

Oil Search buys into Elk-Antelope fields in Papua New Guinea

Oil Search Ltd. has signed a deal to acquire a 22.835% stake in retention licence PRL15 containing the Elk and Antelope fields in the eastern Highlands of Papua New Guinea for $900 million.

Mexico's energy reform

Expectations are running high as Mexico's own citizens and international oil and gas companies await secondary legislation in coming months that will enable sweeping energy reform and allow investors from outside Mexico to partner with Petroleos Mexicanos (Pemex).

Chesapeake mulls spinoff, sale of oil field services division

Chesapeake Energy Corp. reported it is considering a potential spin-off to Chesapeake shareholders or an outright sale of Chesapeake Oilfield Services (COS).

Shell to sell downstream operations in Australia to Vitol

Royal Dutch Shell PLC has reached a binding deal to sell its Australian downstream business, excluding aviation fuel and its lube oil blending and grease plants in Brisbane.

New Zealand Energy names chief executive officer of New Zealand business

New Zealand Energy Corp. has appointed David Robinson as chief executive officer of the company's New Zealand business, effective May 19. He will also join the company’s board, effective Mar. 31. 

Devon Energy to sell Canadian conventional assets for $2.8 billion

Devon Energy Corp. has agreed to sell the majority of its Canadian conventional assets to Canadian Natural Resources Ltd. for $2.8 billion. Proved reserves associated with the divesture are about 170 million boe, said the company.

Central buys out Magellan Australia

Brisbane-based Central Petroleum Ltd. has purchased the onshore assets of Magellan Petroleum Australia for $35 million (Aus.).

Brightoil Petroleum to buy Anadarko’s China subsidiary for $1.075 billion

Brightoil Petroleum Holdings Ltd. of China plans to buy Anadarko Petroleum Corp.'s subsidiary in China for $1.075 billion.

GeoMet finds buyer for Appalachian CBM assets

GeoMet Inc., Houston, has agreed to sell its coalbed methane interests and other assets in the Appalachian basin to ARP Mountaineer Productions LLC, a wholly-owned subsidiary of Atlas Resource Partners LP, for $107 million.

Apache reports executive changes

Houston independent Apache Corp. reported changes to its executive structure.

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January 26, 2015
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