News Topics: Property Acquisitions & Divestitures

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PTTEP Sells 20% Stakes in 2 Blocks in Myanmar to MOECO, Palang Sophon
Monday, August 31, 2015 Thailand's PTTEP sells 20 percent interest in two onshore blocks in Myanmar to Japan's MOECO and Thai-based Palang Sophon Offshore.

China Oil Giants Seek to Join Spree of Global Energy Deals
Thursday, August 27, 2015 PetroChina signaled it's looking to join a wave of global energy deals as crude's collapse makes it the right time to buy and sell assets.

Galilee Completes Acquisition of ATP 529P Permit in Queensland, Australia
Thursday, August 27, 2015 Galilee Energy completes the acquisition of the remaining 50 percent stake in ATP 529P in Galilee Basin om Queensland, Australia from AGL Energy.

NZOG Reports Full Year Net Loss of $4M, Eyes Under-Valued Assets
Thursday, August 27, 2015 New Zealand Oil & Gas reports a full year net loss of $4 million as it seeks to acquire under-valued assets.

Tap Oil Signs PSC for Block M-7, Brings Myanmar 2013 Bid Round to a Close
Thursday, August 27, 2015 Tap Oil signs a production sharing contract for Block M-7 in Myanmar's Moattama Basin, formally bringing to a close the 20 blocks offered by the Ministry of Energy under the 2013 bid round.

Mosman Plans to Acquire New Zealand's Upstream Assets from Origin Energy
Wednesday, August 26, 2015 Mosman Oil and Gas plans to acquire New Zealand upstream oil and gas assets, including the Rimu, Kauri and Manutahi fields from Australia's Origin Energy.

Oil Search Eyeing Acquisitions in PNG
Tuesday, August 25, 2015 Oil Search Ltd is looking for acquisitions in Papua New Guinea, where it holds the bulk of its assets, but Managing Director Peter Botten says deals may take some time as buyer and seller expectations remain wide apart.

Encana to Sell Haynesville Nat Gas Assets for $850M
Tuesday, August 25, 2015 Encana reaches an agreement to sell its Haynesville natural gas assets, located in northern Louisiana.

Cobalt Agrees to $1.75B Transaction with Sonangol for Angola Blocks
Monday, August 24, 2015 Cobalt signs an agreement to sell its entire 40% participating interest in blocks 21/09 and 20/11 to Sonangol for $1.75 billion.

Russia's Novatek to Sell 10% in Yamal to Chinese Fund
Monday, August 24, 2015 Novatek is close to selling a 9.9% stake in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant business daily reported on Monday.

Peru Gives Canadian Firm Two-Year Contract for Biggest Oil Block
Friday, August 21, 2015 Peru negotiates a two-year deal with Canada's Pacific Exploration and Production Corp to operate and develop the country's biggest oil block, according to state regulator Perupetro.

Lime Norway Acquires 30% Interest in North Sea's PL410 from Lundin
Thursday, August 20, 2015 Malaysia's Hibiscus Petroleum partly-owned unit Lime Petroleum Norway acquires a 30 percent stake in license PL410 in the North Sea from Lundin Petroleum.

Norwegian Oil Firm DNO Says Keen on Iran Entry
Thursday, August 20, 2015 Norway's DNO, which has operations across the Middle East, wants to do business in Iran if sanctions against the country are lifted as planned.

Sinopec Buys Kazakh Oil Assets From Lukoil for $1.09B
Thursday, August 20, 2015 China Petroleum & Chemical Corp. complete the purchase of a 50% stake in a Kazakh oil producer from Lukoil for $1.09 billion.

Shale Pioneer McClendon Seeks Global Footprint in Armour Deal
Thursday, August 20, 2015 US shale gas explorer Aubrey McClendon negotiates $100 million acquisition of Australian drilling rights.

More Oil Pain Needed Before Energy Deals Seen Picking Up
Wednesday, August 19, 2015 Acquisitions in the energy industry will depend on at least a few more months of weakness in oil prices, according to Australia's Woodside.

Record Low Interest In US Gulf Of Mexico Leases Amid Oil Price Slump
Wednesday, August 19, 2015 A US government sale of oil and gas drilling leases in the western Gulf of Mexico attracts the lowest number of bids on record.

CNOOC Signs PSCs with Roc Oil for South China Sea Blocks
Wednesday, August 19, 2015 The China National Offshore Oil Corporation signs 2 production sharing contracts with Roc Oil Company for blocks 16/07 and 03/33 in the South China Sea.

UK Awards 27 Blocks for Shale Exploration in Latest Licensing Round
Tuesday, August 18, 2015 The Oil & Gas Authority announces that 27 onshore blocks from the 14th Onshore Oil and Gas Licensing Round will be formally offered to companies involved in shale gas exploration.

Russia's Rosneft Registers to Take Part in Brazil Licensing Round
Monday, August 17, 2015 Russia's Rosneft says it is taking part in Brazil's 13th oil and gas licensing round.

ONGC Said to Seek $900 Million Stake in Rosneft Vankor Field
Friday, August 14, 2015 India's ONGC is seeking through its overseas unit to buy a stake in Russia’s second-largest oil producing development from Rosneft, according to two people with direct knowledge of the plan.

Texas Investor Energy & Minerals Acquires Aussie Shale Stake
Thursday, August 13, 2015 Energy & Minerals Group, the Texas-based private-equity firm, acquires shale oil and gas prospects in northern Australia.

Thailand May Give Investors Choice of Concession or PSC in New Bid Round
Thursday, August 13, 2015 Thailand's proposed petroleum laws are likely to give investors the choice of opting for the existing concession system or a new production sharing contract in the upcoming bidding round.

Lukoil Caspian Field Passes 5M Tons Mark
Wednesday, August 12, 2015 Russian oil and gas firm Lukoil sees oil production at its Yuri Korchagin field in the Caspian Sea pass five million tons.

Taipan Inks LOI to Acquire 50% Stake in Salam Block in Sindh, Pakistan
Wednesday, August 12, 2015 Taipan Resources inks letter of intent to acquire 50 percent stake in Salam Block in Sindh Province, Pakistan.

Beach Energy Acquires 40% Stake in ATP 1056 Permit in Queensland
Tuesday, August 11, 2015 Beach Energy signs agreement to acquire 40 percent operating interest in ATP 1056 permit in Queensland, Australia.

Sources: ConocoPhillips to Seek Buyers for Stake in Indonesian Oil, Gas Blo
Tuesday, August 11, 2015 ConocoPhillips is reviewing its portfolio in Indonesia and may soon seek buyers for a stake in a production-sharing block it operates in the Natuna Sea.

Rockhopper Continues Diversifying its Portfolio with Egyptian Acquisition
Monday, August 10, 2015 Rockhopper Exploration continues the diversification of its portfolio of assets with the acquisition of interests in two licenses in Egypt.

Shell Eyes New Brazilian Assets Ahead Of BG Deal
Friday, August 07, 2015 Shell is considering investing billions in Brazil ahead of its BG Group takeover.

Explorers In Need of Cash Are Selling Oil Fields as Last Resort
Thursday, August 06, 2015 Energy explorers reeling from the rout in oil prices are looking for liquidity in an obvious place: their rocks.

Exxon's Planned Expansion In Texas Points To Pickup In Energy Deals
Thursday, August 06, 2015 ExxonMobil says it signed two agreements to drill on 48,000 acres in Texas' Permian Basin, in a transaction that suggests the frozen energy deals market is thawing.

Indonesia to Offer 11 Blocks in Coming Tender, Works on New Contract Scheme
Wednesday, August 05, 2015 Indonesia plans to offer 11 exploration oil and gas blocks in an upcoming tender, with awards set for November, local media quoted a Ministry of Energy and Mineral Resources official as saying.

Swala Needs FCC Approval to Complete Farm-out of Tanzanian Blocks to Tata
Wednesday, August 05, 2015 Swala Energy's farm-out of a 50 percent stake in the Kilosa-Kilombero and Pangani licenses in Tanzania to India's Tata Petrodyne nears completion with only approval from the Fair Competition Commission pending.

The Gulf Hibiscus-Pacific Oil JV Clinches Offshore Block 2 in Gulf of Suez
Wednesday, August 05, 2015 The Gulf Hibiscus-Pacific Oil joint venture successfully bid for offshore Block 2 in the Gulf of Suez, Egypt from Ganope.

Government: Peru's Biggest Oil Block Fails to Receive Any Bids
Wednesday, August 05, 2015 Three foreign oil companies that had originally signaled interest in Peru's biggest oil block did not bid in an auction held on Tuesday, state energy regulator Perupetro says.

Oil Industry Slams Terms of Brazil's Planned Block Auction
Tuesday, August 04, 2015 Terms for Brazil's 13th Oil Round, in which the government hopes to sell rights to 266 exploratory blocks in early October, "are the worst ever", IBP that represents potential investors says.

BP To Relinquish Three Offshore Blocks In Uruguay
Monday, August 03, 2015 BP halts its deepwater exploration activities off Uruguay as it prioritizes lower-risk projects at a time of low international prices, an official at Ancap says.

Savannah Signs PSC with Niger for R3/R4 License Area
Friday, July 31, 2015 Savannah Petroleum signs a Production Sharing Contract (PSC) with the government of Niger for the country's R3/R4 license area.

Pryce Gases to Buy Stake in SC55, Maersk Venturer to Spud Hawkeye-1 Soon
Thursday, July 30, 2015 Pryce Gases to acquire a 10 percent stake in Service Contract 55 offshore the Philippines as the Maersk Venturer drillship prepares to drill the Hawkeye-1 well in the block.

Russia's Rosneft, US Exxon Jointly Bid for Fields in Mozambique
Thursday, July 30, 2015 Russia's Rosneft and ExxonMobil jointly apply to participate in a tender for hydrocarbon fields in Mozambique.

Marathon, OMV Hand Back Croatia Oil Exploration Licences
Wednesday, July 29, 2015 Marathon Oil and OMV return seven offshore oil and gas licenses to Croatia.

Mexico To Postpone Deep Water Auction, Adjust Next Oil Tender Terms
Wednesday, July 29, 2015 Mexico will postpone auctions for deepwater oil exploration and production contracts and adjust the terms of upcoming tenders.

Billionaire Ambani Said to Weigh Sale of US Shale Holdings
Wednesday, July 29, 2015 Indian billionaire Mukesh Ambani's Reliance Industries is weighing a sale of its US shale gas investments, people with knowledge of the matter said.

Total Sells West of Shetland Assets after Robust 2Q Performance
Wednesday, July 29, 2015 French oil major Total is to sell minority interests in a handful of West of Shetland fields after producing a robust performance during the second quarter of 2015.

Vermilion Energy Enters Farm-in Agreement in Germany
Tuesday, July 28, 2015 Vermilion Energy enters into a farm-in agreement with Mobil Erdgas-Erdol and BEB Erdgas und Erdol.

Goodrich Sells Chunk of Eagle Ford: More Buying Time for Rebound
Monday, July 27, 2015 Goodrich Petroleum is selling key acreage in the Eagle Ford Shale to buy some liquidity and pay off some debt. But questions remain about whether it's enough to survive commodity prices.

Sterling Sees Acquisition Opportunities amid Low Oil Price
Monday, July 27, 2015 Africa-focused Sterling Energy intends to take advantage of the low oil price by buying 'quality' exploration assets from distressed players in the oil and gas sector.

Red Emperor Completes Otto Energy Farm-in Agreement
Monday, July 27, 2015 Red Emperor Resources completes its farm-in agreement with Otto Energy Limited, following a formal notification of approval from the Department of Energy of the Republic of the Philippines.

OGA Names Final Winners from 28th Offshore Licensing Round
Monday, July 27, 2015 The UK's Oil and Gas Authority announces the remaining winners from the 28th Offshore Licensing Round, which covers 353 blocks on the UK Continental Shelf.

Mexico's Pemex To Submit Rest Of Deep Water Tie-Up Requests In August
Friday, July 24, 2015 Pemex plans to submit the remaining requests for tie-ups with private companies in five deep water fields in the Gulf of Mexico in early August, a senior executive at the state-run oil company says.

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