BP and Eni have entered a heads of agreement (HoA) with the Ministry of Oil and Gas of the Sultanate of Oman to jointly work towards the award of exploration and production sharing agreement (EPSA) for Block 77, offshore Oman.

Block 77 covers approximately 3,100km² in Central Oman and includes the Khazzan gas project.

The Khazzan project is already operational and undergoing the second phase of development, and the under-development Ghazeer project, which is expected to be operational in 2021.

BP is an oil and gas company based in the UK, while Eni is an Italian oil and gas company.

Bounty Developments invites cash offers to divest its full working interest in 46 sections of contiguous oil sands rights by 26 January.

Spread over four oil sands leases, the assets to be divested contain 288 million barrels of contingent resource plus 1,674 million barrels of discovered and undiscovered petroleum in place, and 2.5 billion barrels of petroleum in place.

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EVX Midstream Partners has strengthened its asset base in Texas, US, by acquiring Whitewater Resources’ saltwater disposal assets in Karnes, Gonzales and Atascosa Counties, Texas.

“The transaction will generate proceeds of $48m (£38m), which will be used by Essentra to further strengthen its balance sheet.”

Orient Exploration, a company based in the US, has announced its intention to sell non-operated working interest in certain oil-producing assets.

The assets include four producing wells located in Washtenaw County, Michigan, US.

In an effort to strengthen its balance sheet, Essentra has sold its Pipe Protection Technologies business to National Oilwell Varco’s subsidiaries.

Based in Texas, US, National Oilwell Varco is an oil and gas equipment and components provider.

The transaction will generate proceeds of $48m (£38m), which will be used by Essentra to further strengthen its balance sheet.

Essentra is a diversified company based in the UK.

SEACOR Marine Holdings is set to acquire three platform supply vessels (PSVs) from COSCO Shipping Group’s affiliate COSCO Shipping Heavy Industry (Zhoushan) Co. for $46m.

The consideration will be paid 30% in cash and the remaining under a four-year deferred payment agreement between SEACOR Marine and COSCO Zhoushan.

One of the three vessels is scheduled for delivery in September 2019, while the other two will be delivered in 2020.