Pacific Rubiales Energy Corp. will invest $35 million (Can). to acquire controlling interest in CGX Energy Inc. Both are Toronto oil and gas companies.

ConocoPhillips is planning to sell some of its interest in the Australia Pacific LNG project and in the Canadian oil sands in a strategy to devote more cash to US shale plays, ConocoPhilips Chief Executive Ryan Lance said during a Feb. 28 investor and analyst meeting.

Royal Dutch Shell PLC agreed to acquire various LNG assets from Repsol SA, including supply positions in Peru and Trinidad and Tobago, for $4.4 billion.

CNOOC Ltd. completed its acquisition of Nexen Inc. for $15.1 billion giving the Chinese oil and natural gas company holdings in Nexen’s oil sand and shale gas plays in Canada along with conventional crude oil reserves in the North Sea and Gulf of Mexico.

Eni SPA and Rosneft have signed an agreement to develop opportunities in trading and logistics.

Sinopec International Petroleum Exploration & Production Corp. plans to buy a 50% stake in Chesapeake Energy Corp.’s Mississippi Lime oil and natural gas acreage in northern Oklahoma for $1.02 billion.

Linn Energy LLC and LinnCo LLC plans to acquire Berry Petroleum Co. for $4.3 billion, including the assumption of debt, in a stock-for-stock merger of Berry with LinnCo to be followed by Linn’s acquisition of the Berry assets.

The Canadian government approved ExxonMobil Canada's acquisition of Celtic Exploration Ltd. of Calgary. The $3.14 billion transaction is expected to close before Mar. 1.

PetroChina has signed an agreement with ConocoPhillips to take working interests in two permits in which ConocoPhillips is a participant in Western Australia: one offshore and one onshore.

OAO Rosneft Pres. and Chairman Igor Sechin met with oil company executives in China and Japan to discuss establishing partnerships in Russian offshore Arctic projects and possibly future LNG projects.