The British energy company said it will sell its UK North Sea business, marking the end of oil production in its home country after six decades of operations. The assets include five production hubs located in the Central North Sea and west of the Shetland Islands
The sale includes Repsol’s 45% stake in onshore Block CPO-9 (Akacias) in the Llanos Norte play, which is operated by Colombia’s state-run Ecopetrol (55%), and Repsol’s nonoperated interest in the promising Cosecha Block
Repsol is open to selling as much as a 49% interest in the assets, which include over 800 producing wells spread across about 80,000 net acres with production of about 50,000 barrels of oil equivalent per day
TotalEnergies announced that it has received 3.4 billion euros in cash from the sale of its gas station network in Germany, the Netherlands, Belgium, and Luxembourg to the Canadian group Couche Tard
BHP Group Ltd BHP.AX is in talks to sell its petroleum business to Australia’s top independent gas producer Woodside Petroleum Ltd WPL.AX in exchange for shares, the companies confirmed
Royal Dutch Shell’s profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the outlook remained uncertain due to the coronavirus pandemic
BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy
