Deals
Bid & Ask: The Deals of the Week
Noteworthy expenditures of the week
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1. Malaysia’s No. 1 oil and gas services company, SapuraKencana Petroleum, is buying oil rig operations from Norwegian deepwater drilling company Seadrill for $2.9 billion.
2. Seeking to reverse a decline in its oil reserves, China Petroleum & Chemical signed a preliminary deal with Total to purchase stakes in Nigerian onshore oil properties for about $2.4 billion, say two people familiar with the deal.