asset divestment
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The company's CEO says Europe’s third-largest oil field is entering a natural decline phase. -
The Norwegian giant announced it is selling all of its Vaca Muerta assets to Vista Energy.
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BPX Energy will retain operatorship of the assets after the sale of its interests to private investment firm Sixth Street is complete.
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Contractor realizes big gains on divestment of business unit owned less than a year.
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Pacific Meltem and Pacific Scirocco will be sold out of the marketed fleet; Noble posts over $2 billion in fresh contract backlog.
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Stonepeak will pay $5.7 billion for 40% interest in the project due for FID later this year.
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The $1.65 billion deal adds to Vitol’s presence in the West African upstream while enabling Eni to cash out early on the value of some assets while retaining an interest in future revenues.
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The operator’s sale of the US Gulf holdings is part of a larger portfolio rationalization program.
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Soft demand and mounting stacking costs drove decisions by Noble and Valaris to move on from units.
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The contractor sells rigs and Qatar JV stake to Gulf Drilling International in $338 million deal.
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