Bowen to buy Cape Coal's right to acquire Hillalong East coking coal project
Bowen Coking Coal Ltd. agreed to buy Cape Coal Pty. Ltd.'s 100% acquisition right over the Hillalong East coking coal project owned by Rio Tinto Exploration Pty. Ltd. Bowen will issue Cape Coal 30 million common shares and reimburse about A$50,000 in direct legal expenses.
Panelists see active oil and gas M&A in 2018 after 'bloodbath' of bankruptcies
Following hundreds of bankruptcy filings in the past three years, the oil and natural gas industry is showing signs of recovery helped by a recent rebound in commodity prices, although some see heightened mergers and acquisitions continuing in 2018.
Enbridge to off-load C$3B in assets; gathering, onshore renewables are on block
Enbridge Inc. plans to shed noncore assets it values at C$3 billion this year as the company pivots to a "pure pipeline utility model," CEO Al Monaco said.
Suncor to buy 5% stake in Syncrude oil sands venture for C$920M
Suncor Energy Inc. struck an agreement with the Japanese company Mocal Energy Ltd. to buy its 5% stake in the Syncrude Canada Ltd. joint venture for C$920 million, raising Suncor's share to 58.74%.
Exxon to sell 50% stake in Scarborough gas field offshore Australia to Woodside
Exxon Mobil Corp. agreed to sell its 50% stake in the Scarborough gas field offshore Western Australia to the Australian petroleum exploration and production company Woodside Petroleum Ltd. for $744 million.
Noble Energy to sell Gulf of Mexico assets for $710M, launch $750M stock buyback
Noble Energy Inc. agreed to sell its deepwater Gulf of Mexico assets to Fieldwood Energy LLC for $710 million and launched a $750 million share repurchase program.
EP Energy closes $245M Eagle Ford acquisition, $180M Uinta Basin divestiture
EP Energy Corp. completed its acquisition of certain producing properties and undeveloped acreage in the Eagle Ford Basin of South Texas from Carrizo Oil & Gas Inc. for $245 million.
WildHorse to become pure Eagle Ford producer with $217M asset divestiture
WildHorse Resource Development Corp. agreed to divest about 90,000 net acres of leasehold in North Louisiana for $217 million.
Alabama company acquires Appalachian natural gas assets for $180M
Diversified Gas & Oil Plc agreed to acquire Alliance Petroleum Corp. and the conventional Appalachian assets of CNX Resources Corp. for a total of $180 million.
Linn Energy to sell conventional oil, gas interests in West Texas for $119.5M
LINN Energy Inc. agreed to sell its interest in conventional oil and gas properties in west Texas to an undisclosed buyer for $119.5 million.
Avangrid to sell gas storage business to ArcLight affiliate
Avangrid Renewables Holdings Inc. has reached a deal to sell ENSTOR Gas LLC, which operates its gas storage business, to Amphora Gas Storage USA LLC.