international

CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES THE ACQUISITION OF WORKING INTEREST IN THE ATHABASCA OIL SANDS PROJECT AND OTHER OIL SANDS ASSETS CALGARY, ALBERTA

Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces that it entered into agreements, subject to regulatory approvals, to acquire 70% of the Athabasca Oil Sands Project (“AOSP”), including 70% of the Scotford upgrader, as well as additional working interests in other producing and non-producing oil sands leases. Canadian Natural has agreed with Shell Canada Limited and certain subsidiaries (“Shell”) to acquire its 60% working interest in the AOSP

PENGROWTH ANNOUNCES SALE OF BERNADET MONTNEY LANDS FOR $92 MILLION

Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) today announced that it has entered into an agreement for the sale of its non-producing Montney lands at Bernadet in North East British Columbia for cash consideration of $92 million. The Bernadet asset encompasses 36.6 sections (100 percent working interest) of land with no associated production, cash flow and neither reserves or resources assigned to it in Pengrowth’s December 31, 2016 year-end reserve report. The sale

Shell divests Gabon onshore interests

The purchaser will also assume debt of US$285 million as part of the transaction. The purchaser will make additional payments up to a maximum of US$150 million depending on production performance and commodity prices. The transaction will result in an impairment charge of $53 million post tax which will be taken in Q1 2017. This transaction consists of all of Shell’s onshore oil and gas operations and related infrastructure in

Gabon: Total sells interests in mature fields to Perenco and optimizes its operations

Total has signed an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco. The transaction is subject to approval by the authorities. This agreement includes the sale of the Group’s 100%-owned affiliate Total Participations Petrolières Gabon, which holds interests in 10 fields. In addition, Total Gabon (Total 58%) has announced the sale of its interests in five fields and the

Chinook Energy - Proposed Asset Disposition

In connection with its announced strategic review process, Chinook set out to create a stronger Montney focused company which would be better positioned to pursue a more aggressive drilling program on its core Birley/Umbach acreage while maintaining a sound balance sheet. In furtherance of this objective, Chinook is pleased to announce that it has entered into a letter of intent to sell, effective February 1, 2017, certain of its assets

Chevron Announces Sale of Geothermal Operations

Chevron Corporation (NYSE: CVX) announced that its wholly-owned subsidiaries have entered into a sales and purchase agreement with Star Energy Consortium to sell Chevron’s Indonesian and Philippines Geothermal assets. “These assets deliver reliable energy to support the needs of Asia-Pacific’s growing economies,” said Jay Johnson, executive vice president, Upstream, Chevron Corporation.  “This sale is aligned with our strategy to maximize the value of our global upstream businesses through effective portfolio

BlackPearl Announces the Sale of a Royalty Interest on Its Onion Lake Property for $55 Million

BlackPearl Resources Inc. (“BlackPearl” or the “Company”) (TSX:PXX)(OMX:PXXS) is pleased to announce it has completed the sale of a minor gross overriding royalty interest on its Onion Lake property for $55 million. Under the terms of the agreement BlackPearl sold an approximate 1.75% royalty on production from substantially all of its Onion Lake lands. BlackPearl currently has conventional and thermal production of approximately 8,000 barrels of oil per day at

BP announces acquisition of interests in the Jock Scott and Craster North Sea exploration prospects

BP announced today that it has acquired interests in two North Sea exploration prospects, Jock Scott and Craster, in a further demonstration of the organisation’s commitment to the basin. BP has acquired a 25% interest in the Statoil-operated licenses located to the east of Shetland, P2275 and P2097, which includes the Jock Scott prospect, and a 40% interest in the nearby P2163 and P2147 licenses. Statoil will remain the operator

BP buys 10% interest in Egypt’s super-giant Zohr gas field

BP today announced that it has agreed to buy from Eni a 10% interest in the Shorouk concession offshore Egypt, which contains the super-giant Zohr gas field, for $375 million. On closing, BP will also reimburse Eni for BP’s share of past expenditure. As part of the agreement, BP also has an option before the end of 2017 to buy a further 5% interest in the concession under the same

SHELL DIVESTS NON-CORE SHALE ACREAGE IN WESTERN CANADA FOR TOTAL CONSIDERATION OF $1 BILLION

Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”) today announced it has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for a total consideration of approximately $1,037 million (C$1,369 million). The consideration is comprised of $758 million in cash and Tourmaline shares valued at $279 million. Subject to regulatory approvals the transaction is expected to close