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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

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

Marathon Oil Announces $2.5 Billion Canadian Oil Sands Divestiture and $1.1 Billion Permian Basin Acquisition

Marathon Oil Corporation (NYSE: MRO) announced today it has signed an agreement to sell its Canadian subsidiary, which includes the Company’s 20 percent non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Limited for $2.5 billion in cash, excluding closing adjustments. Marathon Oil also announced the signing of a definitive agreement to acquire approximately 70,000 net surface acres in the Permian basin from BC

WPX INCREASES DELAWARE BASIN INVENTORY WITH BOLT-ON ACQUISITION

WPX Energy (NYSE: WPX) announced today that it has agreed to acquire assets that would increase its Permian operations to more than 120,000 net acres and deepen its drilling inventory of top-tier Delaware locations while enhancing key financial metrics and margin expansion. The acquisition includes approximately 6,500 Boe/d (55% oil) of existing production from 23 producing wells (17 horizontals), two drilled but uncompleted horizontal laterals, 18,100 net acres in Reeves,

Centrica sells Trinidad and Tobago gas assets to Shell

Centrica plc has agreed to sell its entire portfolio of gas assets in Trinidad and Tobago to Shell Exploration and Production for an initial cash consideration of $30 million (£24 million). The assets consist of a 17.3 per cent interest in the producing NCMA-1 block and 80 per cent and 90 per cent operated interests respectively in the undeveloped blocks NCMA-4 and Block 22. In addition to the initial consideration, Centrica

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

Shell divests Gulf of Mexico assets for $425 million plus royalty interests

Royal Dutch Shell plc, through its affiliate Shell Offshore Inc. (Shell), today announces it has an agreement to sell 100 percent of its record title interest in Gulf of Mexico Green Canyon Blocks 114, 158, 202 and 248, referred to as the Brutus/Glider assets, to EnVen Energy Corporation, through its affiliate EnVen Energy Ventures, LLC.  In line with Shell’s global divestment plans, this transaction includes $425 million in cash. The