Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg said this marks Chevron’s exit from shale gas in Beach Energy’s Nappamerri Trough.
Bank of Nova Scotia will advise ConocoPhillips’ sale of about 20% of non-oil sands properties in Western Canada, Bloomberg said. About 35,000 barrels of oil equivalent per day is produced.
Pertamina plans to invest around $2 billion annually into Mahakam, if given control. Target output is 1.2 Bcf/d to 1.5 Bcf/d of gas, Reuters said.
Parent of refiner Sinopec Corp. will provide integrated oilfield services worldwide this year, chairman Jiao Fangzheng said. It also seeks an overseas acquisition for technologies, he said, according to Reuters.
High inflation and currency controls could be reasons Vietnam’s state-owned PetroVietnam might sell its 40% stake in the Orinoco belt project, a senior Petroleos de Venezuela source suggested, Reuters said.
The interests in OML29 and the Nembe Creek Trunk Line were assigned to Aiteo Eastern E&P Co. Ltd. Total cash proceeds for Shell amount to some $1.7 billion.
OML18 covers 1,035 sq km and includes the Alakiri, Cawthorne Channel, Krakama and Buguma Creek fields and related facilities.
Total might sell the Frigg U.K. System pipeline, or a majority stake, for about $1 billion, Reuters said. The 362 km (225 m) pipeline transports North Sea gas to St. Fergus, Scotland.
Sale day statistics show 64 blocks in water depths of greater than 1,600 m (5,249 ft) received bids worth a total of about $334.9 million.
Last year, Indonesia's Pertamina was among companies awarded 11 Indonesian blocks, Reuters said. Indonesia offered 16 conventional and unconventional blocks last year, said the energy and mines ministry’s acting director general.
Lukoil owns 30% in the project in West Africa. New Age Ltd. is the operator with 30%, Bowleven Plc has 20% and Societe Nationale des Hydrocarbures of Cameroon has 20%, Reuters said.
Orca said the sale to Senex is “prudent” while oil prices are low, and will allow Orca to focus on its Seabiscuit project in Matagorda County, Texas.