Chesapeake’s second sale of Haynesville acreage to net $465 million

Chesapeake Energy Corp., Oklahoma City, has agreed to sell a portion of its acreage and producing properties in its Haynesville shale operating area in northern Louisiana to an affiliate of Dallas-based Covey Park Energy LLC for $465 million. Source: News


Tubridgi field in Australia to be redeveloped as gas storage

The DBP Development Group, 100% owned by DUET Group, is planning to redevelop the depleted Tubridgi gas field, onshore Carnarvon basin of Western Australia, as a gas storage facility with a capacity to hold 42 petajoules of gas. Source: News


Shell to shed German refining assets

Varo Energy BV, a midstream company owned by The Carlyle Group and Vitol Group, has entered formal negotiations with Royal Dutch Shell PLC for the purchase of Shell’s 37.5% minority interest in PCK Raffinerie GMBH’s 220,000-b/d refinery in Schwedt, Germany, located along Druzhba pipeline in Schwedt, Germany, about 120 km northeast of Berlin. Source: […]