Oil and Gas
Energy Transfer, SemGroup close $5B merger
Energy Transfer LP completed its previously announced $5.1 billion merger with Oklahoma-based midstream corporation SemGroup, following the approval of SemGroup Corp.'s shareholders Dec. 4.
Equinor closes sale of stake in Eagle Ford assets to Repsol
Norwegian energy producer Equinor ASA completed the sale of its 63% stake and operatorship of its onshore business in the Eagle Ford Shale to joint venture partner Repsol SA.
Eni unit completes sale of 20% stake in Indonesian contract area
Eni SpA unit ENI East Sepinggan Ltd. closed its previously announced sale of a 20% stake in the East Sepinggan area offshore Indonesia to Neptune Energy Group Ltd. subsidiary Neptune Energy East Sepinggan BV for an undisclosed amount.
Paramount Resources closes C$55M sale of Alberta gas assets
Paramount Resources Ltd. closed the sale of its natural gas weighted assets in west central Alberta to an undisclosed buyer for approximately C$55 million as part of its strategy to focus on developing its core liquids-rich assets in the Montney Shale.
Petrobras wants to sell stake in Braskem
Petróleo Brasileiro SA - Petrobras CEO Roberto Castello Branco said he plans to sell the company's 36% stake in petrochemical company Braskem SA within a year, Reuters reported.
Petrobras to sell 2 blocks in Brazil's Espirito Santo Basin
Petrobras began the teaser stage in its plan to divest its 50% stake in two exploratory blocks in Brazil's Espirito Santo Basin, according to a Dec. 3 securities filing.
Engie's Brazilian unit looking to buy Petrobras' remaining stake in TAG
Engie SA's Brazilian unit wants to acquire Petrobras's remaining 10% stake in Transportadora Associada de Gás SA, Reuters reported Dec. 3 citing comments made by the CEO of the Engie Group in Brazil, Maurício Bähr.
Petrobras to sell stake in 2 fields in Brazil's Sergipe-Alagoas Basin
State-owned oil giant Petrobras plans to sell its 50% stake in the onshore Dó-Ré-Mi and Rabo Branco fields, part of the BT-SEAL-13 Concession, in Brazil's Sergipe-Alagoas Basin.
Petrofac looks to sell Malaysian assets for about $300M
Oilfield services provider Petrofac Ltd. is studying the potential sale of its Malaysian assets for about $300 million, Bloomberg reported, citing people with knowledge of the matter.
Santos to acquire 80% stake in Beehive prospect in northern Australia
Santos Ltd. said it plans to acquire an 80% stake in the WA-488-P permit, which contains the Beehive prospect in northern Australia, from Melbana Energy Ltd.
South African competition regulator OKs coal miner Exxaro's renewable energy buy
The South African competition watchdog approved the acquisition of renewable energy company Cennergi (Pty) Ltd. by coal miner Exxaro Resources Ltd., growing its presence in the energy sector.