Killajoules

BP Announces Sale of Interest in Draugen to Shell
BP announced today that it has agreed to sell its 18.36 per cent non-operated interest in the Draugen field in the Norwegian Sea to AS Norske Shell for $240 million in cash.

Enagás completes acquisition of 20% stake in the Quintero LNG regasification terminal in Chile
Enagás has completed the acquisition of BG Group of a 20% ownership of the Terminal Quintero LNG Regasification SA in Chile, for $ 176 million, as agreed in April, after obtaining all necessary approvals.

Royal Dutch Shell acquires liquids-rich shale acreage in Texas
Royal Dutch Shell plc (“Shell”) today said it acquired acreage in Texas from Chesapeake Energy in a further step to build a leading portfolio of shale assets rich in oil and natural gas liquids. The $1.935 billion transaction is expected to close within 30 days.

Chevron Agrees to Acquire Delaware Basin Acreage
Chevron Corporation (NYSE: CVX) announced that its subsidiary, Chevron U.S.A. Inc., has agreed to acquire 246,000 net leasehold acres in the Delaware Basin in New Mexico, a part of the Permian Basin, from Chesapeake Energy Corporation (NYSE: CHK). Terms of the agreement were not disclosed.

BP to Sell Non-Strategic US Gulf Of Mexico Assets to Plains Exploration and Production Company
BP today announced it has agreed to sell its interests in a number of oil and gas fields in the deepwater US Gulf of Mexico to Plains Exploration and Production Company (‘Plains’) for a total of $5.55 billion, as part of a previously-announced plan to divest the assets and position its Gulf portfolio for long-term growth.

Pioneer Natural Resources Announces Closing of Sale of South Africa Business to PetroSA for $52 Million
Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that the Company closed its previously announced sale of its South Africa business to The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd. (PetroSA) for net consideration of $52 million.

Chevron Grows Carnarvon Basin Interests in Browse Exchange
Chevron Corporation (NYSE: CVX) today announced that its Australian subsidiary has reached an agreement to exchange its holdings in the Browse development for Shell Development (Australia) Pty Ltd’s interests in the Clio and Acme fields1 in the Carnarvon Basin offshore northwest Australia.

PTTEP successfully acquired the entire shares capital of Cove Energy Plc.
Mr. Tevin Vongvanich (นายเทวินทร์ วงศ์วานิช), the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, revealed that PTTEP Africa Investment Limited or PTTEP AI, a wholly owned subsidiary of PTTEP successfully acquired the entire shares capital of Cove Energy Plc. The Offer process is declared wholly completed.

Noble Energy Completes The Sale Of Dumbarton And Lochranza In The North Sea
Noble Energy, Inc. (NYSE: NBL) announced today that it has closed the previously announced sale of the Dumbarton and Lochranza properties in the North Sea to Maersk Oil North Sea Limited (OMX: MAERSKB). Proceeds from the transaction were $117 million and included final closing adjustments from the effective date of January 1, 2012.

Tesoro Corporation to Purchase BP's Fully Integrated Southern California Refining and Marketing Business
Tesoro Corporation (NYSE:TSO) announced today that its Board of Directors has approved agreements for the Company to purchase BP's integrated Southern California refining and marketing business. The purchase price of BP's assets is $1,175 million, plus the value of inventory at the time of closing. At current prices, the inventory is valued at approximately $1,300 million. The transaction is subject to regulatory approval and is expected to close before mid-2013. The purchase price is expected to be financed initially through a combination of cash and debt with proceeds from the subsequent sale of the associated logistics assets to Tesoro Logistics LP (NYSE: TLLP) generating an estimated $1 billion of cash proceeds in the first year. Earnings per share accretion is expected to be about 24% in each of the first and second year of operations.