asset divestment
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The operator’s sale of the US Gulf holdings is part of a larger portfolio rationalization program. -
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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Operator pays $400 million for a 40% stake in tract that contains the $6-billion Cameia/Golfinho project.
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Additional milestones reached could add $14 million to purchase price.
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