News Topics: Property Acquisitions & Divestitures

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Mandala Acquires 2 Exploration Blocks in Sumatra, Adds to its Lemang Stake
Wednesday, February 10, 2016 Mandala Energy signs agreement to acquire two exploration blocks in Sumatra, Indonesia from Australia's Cooper Energy.

FIRB Clears AEGP to Farm-in to Empire Energy's NT Petroleum Tenements
Wednesday, February 10, 2016 Australia's Foreign Investment Review Board gives its clearance for AEGP, an affiliate of American Energy Partners, to farm-in to Empire Energy Group's Northern Territory petroleum tenements.

Nobel Upstream to Acquire 7.59% Stake in North Sea Maclure Field
Wednesday, February 10, 2016 Nobel Upstream signs an agreement to acquire a 7.59% non-operated interest in the Maclure oil and gas field from Shell.

WA DMP Approves Pilot Energy's Farm-in to 2 Perth Basin Exploration Permits
Wednesday, February 10, 2016 The Western Australian Department of Mines & Petroleum approves Pilot Energy's farm-in to exploration permits EP416 and EP480 in Perth Basin.

PA Resources Divests North Sea Assets
Tuesday, February 09, 2016 PA Resources AB signs an agreement to divest its portfolio of North Sea assets to Petrogas E&P.

Sound Energy Granted Option to Acquire Onshore Moroccan Interest
Monday, February 08, 2016 Sound Energy has been granted an option to acquire a 55% interest in the Meridja permit, onshore Morocco by Oil & Gas Investment Fund S.A.S (OGIF).

Qatar Petroleum to Acquire Part of Chevron's Moroccan Assets
Monday, February 08, 2016 Qatar Petroleum reaches an agreement with Chevron Morocco Exploration to acquire a 30% participating interest from Chevron's 75% share in three deepwater offshore leases located in Morocco.

Petsec Energy Acquires 100% Stake in Damis Production License
Friday, February 05, 2016 Petsec Energy Ltd acquires a 100% participating interest in, and operatorship of, the Damis Production License in the Republic of Yemen's Block S-1.

Sources: Total-Led Consortium Bids for Greek Offshore Gas Drilling Block
Friday, February 05, 2016 France’s Total, along with Hellenic Petroleum and Edison, bid for one offshore gas block in the west of Greece.

Andalas to Acquire 30% Stake in Tuba Obi East Concession in Sumatra
Thursday, February 04, 2016 Andalas Energy and Power to acquire 30 percent stake in Tuba Obi East oil and gas concession in Jambi province, Sumatra, Indonesia.

Small Asian Firms Seize Upstream Opportunities in Weak Market
Wednesday, February 03, 2016 Small Asian companies find the prolonged weakness in global oil prices an opportune time to purchase stakes in upstream oil and gas assets.

Lundin Farms Out Stakes in 3 PSCs Offshore Malaysia to DYAS
Tuesday, February 02, 2016 Lundin Petroleum farms out stakes in three production sharing contracts offshore Malaysia to subsidiaries of Dutch-based DYAS.

Minister: Greece to Decide on Three Gas Exploration Licences Soon
Tuesday, February 02, 2016 Greece will decide soon on the award of three onshore natural gas exploration licenses in the west of the country, according to the country's energy minister.

Indonesia's Pertamina Eyes 'At Least' 10% Stake in Inpex Gas Block
Monday, February 01, 2016 Indonesia's Pertamina tells the government it wants a stake of 'at least' 10 percent in the Masela oil and gas block currently being operated by Japan's Inpex.

Carnarvon Secures 35% Stake in Retention License TR/3 Offshore WA
Thursday, January 28, 2016 Carnarvon Petroleum secures a 35 percent interest in retention license TR/3 offshore Western Australia.

India's Overseas Oil Resource Target Stymied By Crude Collapse
Thursday, January 28, 2016 The chance to gobble up cheap assets after oil's collapse to the lowest in 12 years is slipping out of reach for India's biggest overseas producer.

AWE Sells 10% Stake in Sugarloaf AMI Project in Texas to CEP II for $190M
Wednesday, January 27, 2016 AWE agrees to sell its 10 percent stake in Sugarloaf Area of Mutual Interest (AMI) project in the Eagle Ford Shale, Texas to Carrier Energy Partners II for $190 million.

Union Jack Oil Farms into PEDL209 License, Onshore UK
Tuesday, January 26, 2016 Junior explorer Union Jack Oil enters into an agreement with Egdon Resources to farm into the conventional prospects of the onshore PEDL209 license.

Mexico's Deepwater Future Must Balance Gov't Revenues, Bidding Terms
Tuesday, January 26, 2016 Mexico's future lies in its deepwater oil and gas resources, but must balance government financial interest with attractive bidding round terms.

Sound Energy to Acquire Additional Sidi Moktar Interest
Tuesday, January 26, 2016 Sound Energy reaches an agreement with PetroMaroc to acquire 50% of PetroMaroc's operated interest in three onshore gas permits located in Morocco.

MX Oil Receives Offer for Nigerian Investment
Monday, January 25, 2016 MX Oil receives a formal offer from "a credible third party" for the whole of its Nigerian investment.

SapuraKencana Cancels Deal to Acquire 3 Blocks Offshore Vietnam for $400M
Monday, January 25, 2016 Malaysia's SapuraKencana Petroleum cancels deal to acquire three offshore Vietnamese oil and gas blocks from PETRONAS Carigali for $400 million.

JKX Secures Additional Hungarian Production Licenses
Thursday, January 21, 2016 JKX Oil & Gas plc secures a further three 35-year production licenses covering an additional area of approximately 47 square miles within its original Hernad I & II exploration licenses.

Norway's Statoil, Det norske Looking For More Acquisitions
Thursday, January 21, 2016 Norwegian oil firms Statoil and Det norske are looking at more acquisitions, according to their chief executives.

Total to Transfer 20% Interest and Operatorship of Kharyaga PSA
Thursday, January 21, 2016 Total agrees to transfer a 20% interest, and operatorship, of the Kharyaga Production Sharing Agreement to Zarubezhneft.

Petro River Acquires Interest in Larne Basin, Northern Ireland
Wednesday, January 20, 2016 Petro River Oil Corp acquired a nine-percent interest in two licenses, covering the Larne Basin in Northern Ireland.

Faroe Petroleum Secures 6 New Exploration Licenses on NCS
Wednesday, January 20, 2016 Faroe Petroleum is awarded 6 new prospective exploration licenses, including 2 operatorships, under the 2015 Norwegian APA License Round on the Norwegian Continental Shelf.

Chevron Says Will Not Extend Contract to Operate Indonesia Oil & Gas Block
Tuesday, January 19, 2016 Chevron will not extend its contract to operate the East Kalimantan oil and gas block in Indonesia, the U.S. energy giant says, as plunging crude prices hit producers around the world.

Norway Awards 56 Oil And Gas Licenses In Mature Areas
Tuesday, January 19, 2016 Norway's oil ministry awards 56 oil and gas exploration licenses in mature areas and it plans to launch a new licensing round before Easter this year.

Ophir Energy Exits Three Blocks Offshore Seychelles
Monday, January 18, 2016 Ophir Energy exits from three blocks offshore Seychelles that it farmed-in to in March 2014.

Interfax: Russia's Lukoil Leaving Projects in Ivory Coast
Friday, January 15, 2016 Russia's second-largest oil producer, Lukoil, is leaving its project in the Ivory Coast, according to news agency Interfax.

Kea Appoints Liquidators to Dispose Assets, Including Permit PEP51153 in NZ
Friday, January 15, 2016 Kea Petroleum, operator of PEP51153 exploration permit in New Zealand, appoints liquidators to dispose of its assets.

Edison Looks to Sell Part of Egypt's Abu Qir Field
Thursday, January 14, 2016 Italy's No.2 energy company, Edison, is looking to sell part of its Abu Qir field in Egypt and has opened the books to prospective buyers, including Kuwait's KUFPEC, according to sources.

Sound Buys Stake in Sidi Moktar Licenses Onshore Morocco
Thursday, January 14, 2016 Sound Energy agrees to buy a 25% working interest in three onshore gas permits located in Morocco.

Brazil Seeks Deals With 10 Companies In Petrobras Scandal
Thursday, January 14, 2016 The Brazilian comptroller general's office is negotiating leniency deals with 10 companies implicated in the Petrobras corruption scandal and expects them to be concluded within the next six months.

Premier Oil to Acquire EON's UK North Sea Assets
Wednesday, January 13, 2016 Premier Oil agreed to buy the UK North Sea assets of Germany's EON SE for $120 million.

JFD Opens New UK Offices to Support Growth
Tuesday, January 12, 2016 Global subsea operations and engineering company, JFD, opens new offices in Glasgow and Bristol to support its growing customer base.

Thai PTTEP May Cut 2016 Budget, Keen for Stake in BG's Bongkot Gas Field
Tuesday, January 12, 2016 Thailand's PTTEP is considering cutting its $3.4 billion investment budget for this year due to declining oil prices, its chief executive says.

MOL, Gulf Keystone Hand Back Akri-Bijeel Stake to KRG
Monday, January 11, 2016 MOL Group and Gulf Keystone Petroleum decide to relinquish their interests in the Akri-Bijeel Block in the Kurdistan Region of Iraq.

Noreco Oil UK Forced to Exit Huntington License
Monday, January 11, 2016 Noreco Oil UK is forced to exit the North Sea's Huntington field, after it defaults on a cash call under the joint operating agreement governing the asset.

Africa Oil Receives Government Approval for Maersk Farm-Out
Monday, January 11, 2016 Africa Oil Corp. receives approval from the government of Kenya for a farm-out deal with Maersk Olie og Gas A/S concerning Kenya's blocks 10BB, 13T and 10BA.

Baraka Withdraws from Permit EP128 in Australia's Georgina Basin
Friday, January 08, 2016 Baraka Energy & Resources withdraws from permit EP128 in the Georgina Basin in Australia's Northern Territory.

Azinor Catalyst to Acquire 100% Stake in North Sea License
Tuesday, January 05, 2016 Azinor Catalyst signs an agreement to acquire a 100% working interest in UKCS Licence P.1989 from Norwegian Energy Company UK Limited and Trap Oil Limited.

OKEA to Acquire Repsol's 60% Stake in Norwegian Yme Field
Monday, January 04, 2016 OKEA AS agrees to acquire Repsol Norge AS' 60% share in PL 316/316B, which includes the Yme Field offshore Norway.

Triangle Energy Sells Unit Operating Indonesia's Pase PSC to PT Enso Asia
Monday, December 28, 2015 Australia's Triangle Energy sells unit that operates the Pase Production Sharing Contract in Aceh Province, Indonesia to PT Enso Asia.

Lukoil Selling Lithuania, Latvia Assets on Anti-Russia Sentiment
Thursday, December 24, 2015 Lukoil PJSC has decided to sell its filling stations in Lithuania and Latvia after relations toward Russia worsened in the Baltic nations, according to billionaire Chief Executive Officer Vagit Alekperov.

Imperial Seals $75M Deal to Farm-out Australia's NT Tenements to AEP
Thursday, December 24, 2015 Imperial Oil& Gas seals $75 million deal to farm out stakes in its Northern Territory tenements in Australia to American Energy Partners.

Tap Oil Reaches Settlement with Quadrant Northwest Pty Ltd
Wednesday, December 23, 2015 Tap Oil Limited reaches a settlement with Quadrant Northwest Pty Ltd (formerly Apache Northwest Pty Ltd), following a financial dispute.

Sequa Calls Off Purchase of Norway Offshore Assets from Wintershall
Tuesday, December 22, 2015 Sequa Petroleum has called off a planned $602 million purchase of Norwegian offshore field interests from Wintershall, the oil and gas subsidiary of BASF, citing a poor market environment.

IOG Completes Skipper Acquisition
Tuesday, December 22, 2015 Independent Oil and Gas plc completes the acquisition of 50% of license P1609, which contains the Skipper discovery.

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