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asset sale

permian basin

W&T Offshore to sell Permian assets for $376 million

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W&T Offshore has agreed to sell its stake in a West Texas oil field to a private equity start-up company for $376 million, the latest oil deal geared toward supporting a seller’s financial books amid cheap oil prices.
(AP photo/Brennan Linsley)

Encana said to explore sale of Haynesville gas properties

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Encana is unloading gas assets to better focus on drilling for oil and liquids such as condensate.
The Apache-operated Varanus Island Gas hub is located in western Australia (Apache Corp.)

Apache Corp. is exiting Australia with a $2.1 billion asset sale

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The assets produced the equivalent of about 49,000 barrels of oil a day in March.
(David Paul Morris/Bloomberg)

Chevron seeks over $3.6 billion for Caltex Australia stake

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The deal is the largest block trade ever in Australia, exceeding Royal Dutch Shell Plc’s sale of Woodside Petroleum Ltd. shares in 2010 for about A$3.3 billion.

Caspian sale slims ConocoPhillips

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ConocoPhillips is selling its stake in the enormous Kashagan offshore field in Kazakhstan in a $5 billion deal, the latest move to shrink and streamline its businesses, the corporation announced Monday.
Categories: Deals, Offshore
BP's Marlin platform in the Gulf of Mexico (BP Photo)

Analysts raving about BP’s latest asset sale

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BP’s Monday announcement of a $5.5 billion sale for several Gulf of Mexico properties has brought praise from analysts for the price commanded, as it moves closer to its target $38 billion asset divestment by the end of 2013.
Categories: Gulf oil spill, Offshore
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Anadarko driller Brazil

Three Euro companies to bid on Anadarko’s Brazilian business

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Three European oil companies are preparing to bid on Anadarko’s Brazilian offshore exploration business, according to London’s Financial Times
Categories: Offshore