Viking Energy Group has acquired oil and gas assets in Texas and Louisiana, US, for $90m.
The acquired assets include 58 oil and gas production wells, as well as other associated facilities, with a production capacity of 2,469 barrels of oil equivalent a day. The assets will be operated by Petrodome Operating, a wholly owned subsidiary of Viking,
The acquisition will help Viking to increase its oil and gas reserves by approximately 10.5 million barrels of oil equivalent.
Viking Energy is a US-based exploration and production company focused on the development of hydrocarbon reserves present in North America.
PC Oman Ventures (PCOVL), a wholly owned subsidiary of Petronas, has acquired a 10% stake in Block 61 of the Al Khazzan gas field from Makarim Gas Development, a subsidiary of Oman Oil Co Exploration & Production (OOCEP).
Makarim Gas Development owns 30% of the remaining interest in the field, while 60% is owned by BP Exploration (Epsilon).
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By GlobalDataThe production at the Al Khazzan field began in September 2017 with a capacity of one billion cubic feet of gas per day (bcf/d) and 35,000 barrels a day of condensate.
The acquisition will help Petronas in strengthening its position in the upstream gas sector and ensuring a secured energy supply.
Petronas is a Malaysian oil and gas company, while OOCEP is an upstream oil and gas company based in Oman.
Encana Oil and Gas, a subsidiary of Encana, has divested its San Juan asset in New Mexico to DJR Energy for $480m.
DJR Energy has acquired 182,000 net acres of the San Juan asset, which produced 5,400 barrels of oil equivalent a day as of 2017.
The divestment will help Encana in strengthening its financial position while enabling DJR Energy to expand its existing oil and gas footprint.
Encana is a Canadian natural gas and liquids production and transportation company, while DJR Energy is a US-based upstream oil and gas company.
Sempra Energy has signed an agreement with an affiliate of ArcLight Capital Partners, to divest its non-utility natural gas storage facilities located in the US to the latter for $332m.
The gas storage assets include the Mississippi Hub storage facility with a capacity of 22.3bcf of natural gas and the Bay Gas storage facility, which consists of five underground caverns and has a capacity of 20.4bcf of natural gas.
ArcLight will own 100% of the two gas storage facilities, which will be combined with the Enstor natural gas storage platform acquired by the company last year.
The deal is expected to be closed by the first quarter of 2019, subject to customary closing conditions.
Wells Fargo is acting as the financial adviser and Jones Day is acting as the legal adviser to Sempra Energy.
Both based in the US, Sempra Energy is a natural utility holding company, while ArcLight Capital Partners is a private equity firm dealing in energy infrastructure and a subsidiary of ArcLight Capital Holdings.
