asset divestment
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Stonepeak will pay $5.7 billion for 40% interest in the project due for FID later this year. -
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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Independent producer divests interest in Buckskin field along with stakes in a pair of LLOG-led discoveries.
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Canadian independent sees divestment occurring in the first half of 2024, putting it out of the LNG business.
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The post-salt, heavy-oil fields will be developed in tandem tied back to an FPSO.
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The company looks to focus its efforts on getting phase one of its Driftwood LNG up and running by shedding Haynesville acreage.
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Oil giant looks to shed Canadian tight-oil assets as it moves to wrap up merger with rival Hess.
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