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New York, London Mayors Urge Cities To Divest From Fossil Fuels

2020-01-08 11:20:00| OGI

The city divestment push was "part of a general trend" toward shifting money from fossil fuels and that trend "is making fossil fuel companies sit up and take notice."

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Petrobras Says It May Divest Billions More Than Forecast

2019-12-04 22:49:39| OGI

Talking to analysts and journalists, executives said they may sell parts of the Marlim oil field, one of Brazils largest, as well as its majority stake in the smaller Papa-Terra Field.

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Occidental Puts Plans To Divest Western Midstream On Ice

2019-10-05 12:22:59| OGI

Occidental Petroleum Corp has put plans to divest part of its ownership in pipeline operator Western Midstream Partners on hold until next year, after failing to attract an offer it deemed attractive, people familiar with the matter said on Oct. 4.

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Petrofac To Divest Remaining Stake In Mexico For $276 Million

2019-09-19 15:42:05| OGI

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.

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Total To Divest UK North Sea Oil Fields In $635 Million Sale

2019-07-10 15:50:49| OGI

Private-equity fund HitecVision and Omani oil group Petrogas teamed up to buy a portfolio of Total's British North Sea oil fields for $635 million, the companies said July 10.

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