London-listed upstream company Upland Resources said Thursday it terminated its conditional farm-in agreement for 10% of the Wressle development project following a recent appeals refusal for the project’s application.
Argentina’s largest electricity company, Pampa Energía, has agreed to sell a number of onshore oil assets from its exploration & production segment to Mexico’s independent explorer, Vista Oil & Gas, for $360 million, Kallanish Energy learns.
Brazil’s Petrobras have finalized the transfer of rights and operatorship of some Brazilian oilfields to France’s Total on Monday, marking a milestone in the realization of their strategic alliance, the firms said.
China’s oil giant Sinopec said last Thursday the South Africa’s Competition Commission recommended for approval its roughly $900 million purchase offer for Chevron’s South Africa and Botswana assets, Kallanish Energy learns.
London-based oil and gas company, Tullow Oil, and Peruvian state-run oil company, PeruPetro, have concluded negotiations for the purchase of five new licences offshore Peru, adding some 28,000 sq km to its portfolio, Kallanish Energy learns.
German utility E.ON has accepted to sell its 46.65% stake in its spin-off Uniper to Finish utility Fortum, in a voluntary public takeover offer for roughly €3.76 billion ($4.5 billion), Kallanish Energy reports.
Swiss private markets investment manager, Partners Group, said on Monday it will become the largest investor in the 731.5-megawatt (MW) Dutch offshore wind farm Borssele III/IV, with a 45% stake in the project, Kallanish Energy reports.
Crude oil prices will remain at the $40-$60 per barrel (Bbl) range in 2018 despite the extension of the production cuts led by OPEC and Russia through the end of the year, Moody’s Investors Service said in a report this week.
Brazil’s Petrobras has started the binding phase for the sale of 90% equity interest in its wholly-owned subsidiary Transportadora Associada de Gas (TAG), a gas distributor unit, Kallanish Energy learns.