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News Date
What the Analysts are Saying About - April 21, 2017
YPF is looking at bidding ~$1billion for Shell’s downstream assets. The deal may be a bit of a stretch for YPF’s balance sheet without some offsetting disposals but would further increase its...
Apr 25, 2017
Chevron sells Bangladesh assets to Himalaya Energy
At press time, Himalaya Energy agreed to buy Chevron’s Bangladesh natural gas and NGL operations in Blocks 12, 13, and 14 in the country’s northeast. Earlier reports on a potential sale pegged...
Apr 25, 2017
Africa Petroleum farms out 70% WI in Senegal
Africa Petroleum has agreed to farm out a 70% operated WI in a production sharing contract offshore Senegal and two licenses in The Gambia. The agreement stipulates that Africa Petroleum’s...
Apr 21, 2017
Harvest to dissolve after selling Gabon, Venezuela assets
After closing on the announced sale of its Gabon assets and collecting on a separate promissory note following the sale of its Venezuelan assets, Houston-based Harvest Natural Resources plans to...
Apr 21, 2017
Al Haj buys Pakistan gas assets from Premier Oil
Al-Haj Energy has agreed to buy Premier Oil’s Pakistani operating subsidiary for $65.6 million. Al Haj has paid a deposit to Premier of $15 million and will pay an additional $10 million within the...
Apr 21, 2017
Empyrean Energy buys 20% stake in offshore Indonesia
Empyrean Energy has agreed to buy 20% stake in an offshore Indonesian production sharing contract from Conrad Petroleum for $4 million. Under the terms of the agreement, half of the total, or $2...
Apr 21, 2017
Pan Pacific Petroleum to sell Vietnam interest to Repsol
Pan Pacific Petroleum struck an agreement to sell its Pan Pacific Petroleum (Vietnam) subsidiary to Repsol for $5 million. The subsidiary’s primary asset is 5% stake in Vietnamese Block 0703 in the...
Apr 21, 2017
Shell sells Hong Kong LPG distribution to DCC Energy
Shell announced its intent to sell its liquefied petroleum gas business in Hong Kong and Macau to DCC Energy for $150 million. “This sale supports Shell’s strategic commitment to focus downstream...
Apr 21, 2017
Q2 kicks off to a slow start with primarily small deals
After an active Q1 with 112 deals, Q2 thus far has produced 14 deals. Most deals in early April were for smaller stakes in projects and for small amounts, transactions for less than $50 million, an...
Apr 21, 2017
People & Companies - April 25, 2017
Oronova Energy named Travis Doupe as its VP, Finance and CFO. Previously, he was CFO at various public and private oil and gas companies throughout Canada and Latin America. He began his accounting...
Apr 21, 2017

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