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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.

Oxy to spinoff California business

Occidental Petroleum Corp.’s board has authorized the separation of its California assets into an independent and separately traded company.

Enbridge reports executive appointments

Enbridge Inc. and Enbridge Pipelines Inc. reported changes to responsibilities of certain senior executives, effective Mar. 1.

Oxy to sell Hugoton field assets for $1.4 billion

Occidental Petroleum Corp. has agreed to sell its Hugoton field assets to an undisclosed buyer for $1.4 billion. Oxy said it anticipates the transaction will be completed by Apr. 30.

Phillips 66 Partners to acquire assets from Phillips 66

Phillips 66 Partners LP has acquired Phillip 66’s Gold Product Pipeline System and Medford Spheres, two newly constructed refinery-grade propylene storage spheres, for $700 million. It’s the partnerships’ first acquisition since its initial public offering last July.

YPF to buy Apache’s Argentina operations for $800 million

YPF SA has agreed to acquire all of Apache Corp.’s Argentina operations for $800 million plus the assumption of $52 million of bank debt as of June 30, 2013.

Miller Energy selects chief financial officer

Miller Energy Resources Inc., Knoxville, Tenn., has named John M. Brawley as its chief financial officer.

FAR signs farmout deal for permits offshore Senegal

Perth-based FAR Ltd. (formerly First Australian Resources) has received $5.5 million (Aus.) from UK firm Cairn Energy PLC in a farmout deal in its exploration permits offshore Senegal.

MDU Resources subsidiary acquires Powder River assets

Fidelity Exploration & Production Co., an indirect, wholly owned subsidiary of MDU Resources Group Inc., has agreed to purchase working interests and leasehold positions in oil and natural gas production assets in Wyoming’s southern Powder River basin from undisclosed private sellers. The deal is expected to close on or before Apr. 1.

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Offshore Middle East Conference & Exhibition

January 26, 2015
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