ExxonMobil Corp.’s XTO Energy Inc. subsidiary will buy Woodford shale gas assets in Tishomingo field in south-central Oklahoma from BNK Petroleum Inc., Camarillo, Calif., for $147.5 million.

Eni SPA plans to increase production of crude oil and natural gas by more than 4%/year through 2016 and 3%/year during 2016-22.

Rosetta Resources Inc. is entering the Permian basin with plans to buy assets from Comstock Resources for $768 million, subject to customary closing adjustments.

China National Petroleum Corp. (CNPC) is acquiring a stake in a natural gas field offshore Mozambique in Area 4 from Eni SPA for $4.2 billion. The companies also signed a joint study agreement covering Rongchang shale gas block in China.

Venezuela’s national oil company was so badly damaged during Hugo Chavez’s regime that it will need to be replaced, a founding board member of Petroleos de Venezuela SA (PDVSA) declared.

France’s Total SA is entering the final stages of divesting its assets in Trinidad and Tobago to National Gas Co. of Trinidad & Tobago Ltd. (NGC). Total, NGC, and sources at the twin-island nation’s Ministry of Energy all confirm that the deal is expected to be completed within the next few months.

Chevron Corp. is on schedule to deliver its 2017 production target of 3.3 million boe/d because 98% of its targeted production already is in design, construction, or production.

The European Union antitrust authority approved OAO Rosneft’s planned takeover of TNK-BP from BP PLC and others as outlined in previously announced agreements (OGJ Online, Nov. 26, 2012).

Neftegaz America Shelf LP (Neftegaz), an independent subsidiary of OAO Rosneft, acquired 30% interest in 20 deepwater exploration blocks in the Gulf of Mexico from ExxonMobil Corp.

ExxonMobil Corp. intends to spend $190 billion during the next 5 years on exploration and development to meet anticipated growing world energy demand, Chairman and Chief Executive Officer Rex Tillerson told investment analysts in a Mar. 6 presentation at the New York Stock Exchange.

The oil and gas industry faces a growing diversity of reserves worldwide ranging from shale plays to Arctic drilling, BP PLC Chief Executive Bob Dudley said in an opening keynote address Mar. 6 to attendees at IHS CERAWeek in Houston.