Stake

Calgary-based Talisman Energy Inc. on Tuesday deepened its strategic relationship with Sasol Ltd. by selling it a half-stake in its Cypress A assets in the Montney Shale for C$1.05 billion.

As has been rumored for weeks, Encana Corp. agreed late Wednesday to sell a half-stake in its Cutbank Ridge assets in British Columbia and Alberta to a subsidiary of PetroChina International Ltd. for C$5.4 billion.

Triana Energy LLC and a unit of Marathon Oil Corp. will develop 82,000 acres of Marcellus Shale prospects in Fayette County, PA, and several counties in northern West Virginia, Triana said Thursday.

ConocoPhillips said Wednesday the first cargo of liquefied natural gas (LNG) from the Qatargas 3 (QG3) joint venture, in which it has a 30% stake, was shipped last Thursday (Nov. 25) from Ras Laffan Industrial City, Qatar, bound for the Canaport LNG Terminal in Saint John, NB.

Chesapeake Energy Corp.’s original chief financial officer is resigning to run a hydraulic fracturing services company in which the producer holds a 26% stake.

China’s CNOOC Ltd. (China National Offshore Oil Corp.) has agreed to buy a one-third stake in Chesapeake Energy Corp.’s 600,000 net acres in the Eagle Ford Shale in South Texas for $1.08 billion in cash and said it will fund 75% of Chesapeake’s share of drilling and completion costs up to another $1.08 billion.

Targa Resources Partners LP said it is buying a stake in a Gulf of Mexico region gas gathering and processing business from its parent, Targa Resources Inc., for about $167.5 million.

Copano Energy LLC last week sold a $300 million equity stake to an affiliate of private investment firm TPG Capital to fund growth in the Eagle Ford Shale and other projects in Texas and Oklahoma.

Copano Energy LLC on Wednesday sold a $300 million equity stake to an affiliate of private investment firm TPG Capital to fund growth in the Eagle Ford Shale and other projects in Texas and Oklahoma.