Qatar Petroleum said Dec. 8 it had agreed to buy a 10% participating interest in three of Exxon Mobil Corp.'s (NYSE: XOM) offshore exploration blocks in Mozambique's Angoche and Zambezi basins.
It will be part of a consortium made up of affiliates of Exxon Mobil with a 50% stake, Empresa Nacional de Hidrocarbonetos with 20%, Rosneft with 20% interest, and Qatar Petroleum with 10%.
Qatar and the United States plan to strengthen "energy partnerships," the emirate's minister of state for energy affairs, Saad Al-Kaabi, said in a statement after a meeting in Doha with his U.S. counterpart Rick Perry.
"This is a milestone for Qatar Petroleum as it marks its first foray into Mozambique's promising offshore basins," Qatar Petroleum said in a statement on its website.
The deal is subject to regulatory approval by Mozambique.
Oilfield services company Petrofac Ltd. said it would sell its remaining 51% interest in its Mexico operations to Perenco (Oil & Gas) International Ltd. for $276 million.
Here’s a quicklist of oil and gas assets on the market including Encana Bakken assets and Scoop and Stack leasing opportunities from Panhandle Oil and Gas.
Here’s a snapshot of energy deals from the past week including Energy Transfer’s roughly $5 billion acquisition and a multimillion-dollar all-equity deal by Diamondback’s mineral acquisition subsidiary.