EnQuest acquires 50% of the Greater Kittiwake Area
EnQuest PLC (‘EnQuest’), is pleased to announce an agreement to acquire the UKCS Greater Kittiwake area (‘GKA’) assets currently owned by Centrica North Sea Oil Limited (‘Centrica’), as well as Centrica’s 100% interest in the Kittiwake to Forties oil export pipeline. The agreements are subject to the normal regulatory and third party consents.
W&T Offshore Announces Acquisition Of Callon Petroleum Assets
W&T Offshore, Inc. (NYSE: WTI) announced today that it has entered into an agreement with Callon Petroleum Operating Company ("Callon") to acquire substantially all of Callon's exploration and production properties in the Gulf of Mexico. The transaction includes a 15% working interest in the Medusa field (deepwater Mississippi Canyon blocks 538 and 582), a 10% membership interest in Medusa Spar LLC (which owns a 75% interest in the Medusa field's production facilities) and various interests in 12 non-operated Gulf of Mexico fields.
Apache To Sell Gulf Of Mexico Shelf Assets For $3.75 Billion
Apache Corporation (NYSE, Nasdaq: APA) announced today it has agreed to sell its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC (Fieldwood), an affiliate of Riverstone Holdings, for cash proceeds of $3.75 billion. In addition, Fieldwood will assume all asset retirement obligations for these properties, which, as of June 30, 2013, Apache estimated at a discounted value of approximately $1.5 billion. Apache will retain 50 percent of its ownership interest in all exploration blocks and in horizons below production in developed blocks, where high-potential deep hydrocarbon plays are being tested.
Tesoro Corporation Receives FTC Clearance for Purchase of BP's Southern California Refining and Marketing Business
Tesoro Corporation (NYSE:TSO) announced today that the Federal Trade Commission ("FTC") has cleared the Company's planned acquisition of BP's fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during the second quarter, subject to customary closing conditions. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year.