Devon Energy agrees to sell Gabon offshore oil and gas units

Devon Energy Corp. Tuesday agreed to sell its offshore Gabon oil and gas business to Oranje-Nassau Energie B.V., a subsidiary of Oranje-Nassau Groep B.V., for $205.5 million.
Devon, the Oklahoma City-based oil and gas exploration company, said it expects to incur no taxes on the transaction.
The company said the divestiture assets in Gabon include an interest [...]

Read more