Thailand’s PCL, the country’s flagship petroleum explorer, will buy the Thai assets of Corp. for around $1 billion, in the latest of a string of sales by U.S. energy companies as they switch focus to unconventional oil and gas projects in North America. The Hess properties being bought by PTTET comprise minority shares in one onshore and one offshore Thailand natural gas and condensate field, whose stakes together produce around 17,000 barrels a day of oil equivalent, PTTET said Wednesday. One of the deals has already closed, and the other will be completed in May, said PTTEP’s president and chief executive, Tevin Vongvanich. Other U.S. companies shedding billions of dollars of noncore assets in Asia and elsewhere, or restructuring their portfolios to concentrate on exploiting shale gas and oil reserves in North America, include Corp. , Anadarko Petroleum Corp. and Devon Energy Corp. In February, Anadarko […]