Chevron Corp. (NYSE: CVX) has decided to launch the sale of its stake in Azerbaijan's largest oil field as well as the Baku-Tbilisi-Ceyhan (BTC) pipeline, the company said in a statement on Dec. 4.
"Chevron regularly reviews its global portfolio of assets to ensure alignment with its long-term priorities," the San Ramon, Calif.-based company said.
"As part of this review, we have decided to initiate the process of marketing, with a view to a potential sale, of our Chevron affiliate interests in the Azeri Chirag and Deep Water Gunashli (ACG) project and the Baku-Tbilisi-Ceyhan (BTC) Pipeline."
Earlier on Dec. 4, industry sources told Reuters that rival ExxonMobil Corp. (NYSE: XOM) is also seeking to sell its 6.8% stake in the ACG project.
Eagle River Energy Advisors LLC has been retained by WOV LLC to divest or farm-out certain operated leasehold assets in the Denver-Julesburg (D-J) Basin of Wyoming’s Laramie County.
Here’s a snapshot of recent energy deals including a series of transactions in the Duvernay Shale as both Shell and Ovintiv exit the play plus Continental Resources reveals itself as the buyer of Samson Resources’ Powder River Basin position.
Here’s a quicklist of oil and gas assets on the market including certain Ageron Energy properties located in the dry gas window of the Eagle Ford Shale in South Texas plus a Caney and Woodford Shale opportunity from Falcon E&P Royalty Holdings.