Oil and gas assets

Crude Oil

World’s Biggest Miner BHP Quits Oil In Megadeal With Woodside

BHP is offloading its oil and gas assets in an all-stock merger of its petroleum division with Woodside, which will create one of the world’s top ten independe…

United Kingdom

BP Profit Sinks As Epidemic Pummels Demand

On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…

Coal Mine

The World’s Top Miner Broadens Plans to Exit Coal Operations

BHP Group will broaden plans to exit coal operations and review opportunities to shed aging oil and gas assets under new CEO Mike Henry’s more urgent push to r…

United States

Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands

Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability o…

Oil & Gas Trade

Exxon Mobil Agreed to Sell Its Norwegian Oil and Gas Assets at $4 billion

Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a…

Occidental Inks $8.8 Billion Deal to Sell Anadarko's African Oil and Gas Assets to Total

Occidental is competing with Chevron, a much larger rival, to take over Anadarko. Occidental would sell Anadarko’s assets in Algeria, Ghana, Mozambique and Sou…