Tellurian Production, a wholly owned subsidiary of Tellurian, has agreed to acquire natural gas producing assets and undeveloped acreage in northern Louisiana, US, for a cash consideration of $85.1m.

The assets extend over an area of approximately 9,200 net acres in Red River, De Soto and Natchitoches parishes in Louisiana.

The net production from the assets is estimated to be four million cubic feet of natural gas a day. The transaction also includes the acquisition of associated natural gas gathering and processing facilities.

Scheduled for completion by the end of November, the transaction will allow Tellurian to expand its gas assets portfolio in Louisiana.

WaveLIFT Limited has received $1.88m venture capital from Angel Syndicate through its venture capital fund, Syndicates.

The funds are intended to be used by the company to develop artificial lift technology to increase the flow of crude oil, water or gas from a production well.

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Pengrowth Energy has agreed to dispose the Swan Hills assets located in north central Alberta, Canada, for a purchase consideration of $135.63m.

"WaveLIFT Limited has received $1.88m venture capital from Angel Syndicate through its venture capital fund, Syndicates."

The proven and probable reserves of the assets are estimated to be 31 million barrels of oil equivalent (boe). The assets produced approximately 5,060boed during the second quarter of this year.

Pengrowth Energy will exit from Swan Hills Area, upon completion of the transaction in this year's fourth quarter.

National Oil Corporation of Kenya (NOCK) plans to dispose its oil terminal located in Nairobi, Kenya.

The oil terminal comprises a petroleum tank farm with a storage capacity of 4.5 million litres of oil.

Cenovus Energy has agreed to dispose its heavy oil assets located in Pelican Lake, Northern Alberta, Canada, to Canadian Natural Resources Limited (CNRL), for $785.84m.

The average production from the assets is estimated to be approximately 19,600 barrels of oil a day.

Cenovus Energy has appointed CIBC Capital Markets and Barclays Capital Canada as financial advisors for the transaction.

The proceeds from the divestment are intended to be used by the company to fund the acquisition of assets from ConocoPhillips.

The transaction is scheduled for completion on 30 September.