Shell closes Australian LNG asset sale; Secure Energy, Tervita ink merger deal

Oil and natural gas

Shell closes sale of 26.25% stake in Queensland Curtis LNG facilities for $2.5B

Royal Dutch Shell PLC subsidiary QGC Common Facilities Company Pty Ltd. has closed a previously announced sale of a 26.25% stake in the Queensland Curtis LNG common facilities to Global Infrastructure Partners Australia for $2.5 billion.

THRC Holdings to vote in favor of Diamondback-QEP Resources all-stock deal

THRC Holdings LP, owner of 5.84% of QEP Resources Inc.'s total outstanding shares, will vote in favor of Diamondback Energy Inc.'s proposed $2.2 billion acquisition of QEP. Meanwhile, Glazer Capital LLC has voted against the deal.

Canadian midstream companies Secure Energy, Tervita strike all-share merger deal

Secure Energy Services Inc. and Tervita Corp. have agreed to combine in an all-share transaction to create a midstream infrastructure and environmental solutions business. The combined entity will have an implied total enterprise value of roughly C$2.3 billion.

HighPoint Resources files for Chapter 11 bankruptcy protection

HighPoint Resources Corp. has filed for Chapter 11 bankruptcy protection to execute a prepackaged reorganization plan, which implements its merger deal with Bonanza Creek Energy Inc.

Ovintiv in talks to sell its Eagle Ford acreage for $800M – Reuters

Ovintiv Inc. is in advanced conversations with privately owned energy investment firm Pontem Energy Capital to divest Ovintiv's holding in the Eagle Ford acreage for about $800 million, according to a March 12 Reuters report.

Shell inks deal to sell onshore upstream assets in Egypt for $646M

Shell Egypt NV and its affiliate Shell Austria GmbH agreed to divest onshore upstream assets in Egypt's Western Desert to a consortium composed of subsidiaries of Cairn Energy PLC and Cheiron Petroleum Corp. for a base consideration of $646 million.

Kerogen Capital to exit Zennor Petroleum in up to $625M deal

Kerogen Capital agreed to sell Zennor Petroleum Ltd. to HitecVision AS' platform company NEO Energy Upstream UK Ltd. for up to $625 million, including deferred and contingent payments.

Northern Oil and Gas declares $48.6M reduction in Reliance asset purchase price

Northern Oil and Gas Inc. on March 10 said the cash purchase price for its previously announced acquisition of nonoperated natural gas production assets in the Appalachian Basin from Reliance Marcellus LLC has been lowered to $126.4 million from $175.0 million.