News Topics: Property Acquisitions & Divestitures

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Leviathan Partners Look To Sell 14.8 Bcm of Gas to Israel's Edeltech
Tuesday, January 17, 2017 The partners involved in Israel's giant Leviathan natural gas field enter talks to supply 14.8 billion cubic metres of natural gas over 17 years to Edeltech, an Israeli private power provider.

Anadarko Sells Out of Upstream Eagle Ford in $2.3B Deal
Friday, January 13, 2017 Sanchez Energy and Blackstone Group buy Anadarko Petroleum's remaining Eagle Ford acreage, bringing Anadarko's divestitures to more than $7 billion since early 2016.

Russia's Lukoil CEO, His Deputy Sell Shares Worth $16.4 MM
Friday, January 13, 2017 Lukoil's CEO Vagit Alekperov and his deputy Leonid Fedun sell Lukoil shares worth $16.375 million in total.

Parsley Energy Expands In Permian With $607MM Acquisitions
Tuesday, January 10, 2017 Parsley Energy says it will buy acreage in the Permian Basin for about $607 million.

China's CEFC Agrees With Kazakh State Oil Unit On Stake Transfer
Monday, January 09, 2017 Private group CEFC China Energy has signed a new deal with a unit of Kazakhstan's state oil and gas company owning assets mainly in Europe to go ahead with a stake transfer that was agreed a year earlier.

Norway Oil Minister Will Continue To Provide New Acreage For Exploration
Thursday, January 05, 2017 Norway must continue to provide energy firms with new opportunities to explore for oil and gas, the country's newly appointed minister of petroleum and energy told Reuters.

Lebanon To Restart Oil, Gas Licensing Round After Three-Year Delay
Thursday, January 05, 2017 Lebanon intends to restart its first oil and gas licensing round after a 3-year delay.

New Lebanese Govt OKs Oil Decrees To Start Stalled Tender Process
Wednesday, January 04, 2017 Lebanon's new government passes two decrees concerning oil and gas exploration blocks.

Statoil Increases Byrding Project Interest
Tuesday, January 03, 2017 Statoil announced Tuesday that it has completed a transaction to acquire a 24% interest in the Byrding project, located on the Norwegian Continental Shelf, from Wintershall Norge.

Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects
Tuesday, January 03, 2017 The National Iranian Oil Company (NIOC) revealed that several European oil and gas companies will be eligible to bid for the country's new oil and gas projects.

SM Energy To Sell Some Eagle Ford Assets For $800M
Tuesday, January 03, 2017 U.S. oil and gas producer SM Energy Co said on Tuesday it would sell certain assets in the Eagle Ford shale of South Texas to a unit of KKR for $800 million.

Australia's Woolworths Sells Petrol Chain To BP For $1.3B
Wednesday, December 28, 2016 Woolworths says it will sell its chain of petrol stations to BP for $1.3 billion.

Petrogas Buys Stake in Oklahoma Wells as Upstream Deal Making Increases
Wednesday, December 28, 2016 Oil and gas production firm Petrogas Company Inc. announced Wednesday that it has acquired a stake in 4 wells located in Dewey County, Oklahoma.

Egypt Signs $220M Of Oil And Gas Deals
Wednesday, December 28, 2016 Egyptian Oil Minister Tarek El Molla signs 3 offshore oil and gas exploration and production deals worth a total of at least $220 million with Total, BP, and ENI's Egyptian subsidiary IEOC.

MVU Brazos Acquires 100% Brookshire Salt Dome Project Interest
Wednesday, December 28, 2016 Motor Oil (Hellas) S.A. announced Wednesday that MVU Brazos Corp. has acquired a 100% interest in the Brookshire Salt Dome Project, located in the US, from Texas Edwards Inc.

India's Top Oil Producer Spends $1.2 Billion to Buy Gas Block
Tuesday, December 27, 2016 India's biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country's east coast.

DEA Norge Extends Norwegian Sea Interests
Friday, December 23, 2016 DEA Norge AS announced Friday that it has acquired a participating interest in 7 licenses in the Njord area in the Norwegian Sea, from Engie E&P Norge AS.

Japan's Mitsui To Sell Part Of Marcellus Assets Stake For $207M
Thursday, December 22, 2016 Japanese trading house Mitsui & Co has agreed to sell a part of its stake in the Marcellus shale gas project in the United States to Alta Resources Development for $207 million.

Petrobras Inks $2.2B Deal With Total To Sell Assets
Wednesday, December 21, 2016 Petroleo Brasileiro SA says it agreed with France's Total SA to sell $2.2 billion worth of assets.

Anadarko To Sell Certain Marcellus Assets For $1.24B
Wednesday, December 21, 2016 Anadarko Petroleum says it will sell certain natural gas assets in the Marcellus shale for about $1.24 billion.

Cyprus Picks Eni, Total And Exxon For Offshore Exploration Blocks
Wednesday, December 21, 2016 Cyprus says it picked Eni, Total and ExxonMobil for three oil and gas exploration licences in the Mediterranean.

Chesapeake Earns Almost $1B from Two Haynesville Gas Asset Sales
Tuesday, December 20, 2016 Chesapeake Energy exceeds 2016 divestment goal of $2 billion with second Haynesville transaction in December, which pushed total assets sales to $2.5 billion for the year.

China's CEFC In Talks For Stake At Abu Dhabi Oil Concessions
Monday, December 19, 2016 CEFC China Energy is in advanced talks to secure a stake to develop onshore oilfields in the United Arab Emirates under a 40-year deal, two industry sources with knowledge of the discussions said on Monday.

BP to Create New LNG Hub in Africa with Latest Kosmos Buy
Monday, December 19, 2016 BP signs agreements with Kosmos Energy to acquire a working interest of Kosmos' exploration blocks in Mauritania and a stake in Kosmos' Senegal exploration blocks.

Statoil to Divest 100%-Owned KKD Oil Sands Projects
Thursday, December 15, 2016 Statoil has signed an agreement to divest its 100% owned Kai Kos Dehseh (KKD) oil sands projects in the Canadian province of Alberta to Athabasca Oil Corporation.

Diamondback To Expand In Permian With $2.43B Acreage Buy
Thursday, December 15, 2016 Diamondback Energy said it would pay $2.43 billion to buy acreage in Texas' Permian Basin.

ConocoPhillips Tops 2016 Plan to Sell $1B in Assets
Thursday, December 15, 2016 Exceeding its forecast for the year by $3 million in sales, the US supermajor meets its goal to pay down $1.25 billion in debt.

Gazprom, OMV Reach Basic Deal On Swap Of Norway, Siberia Assets
Wednesday, December 14, 2016 Gazprom and OMV agreed on a basic deal on Wednesday for a swap of a 38.5% stake in OMV's Norwegian unit for a 25% stake in a part of Gazprom's Urengoy gas field.

Oilex Looks to up Cambay Stake to 100%
Tuesday, December 13, 2016 Oilex Ltd announced Tuesday that it has submitted a conditional offer for an additional 55% interest in India's Cambay production sharing contract.

Norway Launches 2017 Mature-Areas Oil Licensing Round
Tuesday, December 13, 2016 Norway launched its 2017 licensing round for so-called mature areas on Tuesday, allowing oil and gas firms access to up to 87 new offshore exploration blocks.

Eni to Sell 30% Stake in Zohr to Rosneft
Monday, December 12, 2016 Eni has agreed to sell a 30% participating interest in offshore Egypt's Shourouk Concession, where the supergiant gas field Zohr is located, to Rosneft.

Israel Approves Energean Purchase of Karish, Tanin Fields
Wednesday, December 07, 2016 The Petroleum Council of Israel approves the acquisition of 100% of the Karish and Tanin natural gas fields by Energean Oil & Gas from Delek Drilling and Avner.

Faroe Completes Acquisition of DONG North Sea Asset Interests
Wednesday, December 07, 2016 Faroe Petroleum completes its acquisition of interests in 5 Norwegian North Sea producing oil and gas fields from DONG E&P Norge AS.

Mexico Oil Auction Succeeds in Drawing World's Biggest Drillers
Tuesday, December 06, 2016 Mexico's first competitive deepwater oil auction surpasses expectations as eight of the 10 blocks are awarded to some of the world's top oil firms.

ExxonMobil Pulls Out Of 3 Exploration Blocks In Kurdistan
Tuesday, December 06, 2016 ExxonMobil has pulled out of half of the 6 exploration blocks it operated in the Kurdistan region, the Iraq Oil Report reported.

Chesapeake to Sell Haynesville Asset for $450M
Monday, December 05, 2016 U.S.-based natural gas producer Chesapeake Energy Corp says it will sell a part of its acreage in the Haynesville shale area for $450 million in a private sale.

Trump Advisors Aim to Privatize Oil-Rich Indian Reservations
Monday, December 05, 2016 A group of advisors to President-elect Donald Trump on Native American issues wants to free oil and gas resources on reservations from "a suffocating federal bureaucracy".

BHP Billiton Named as Pemex's First Deepwater Oil Partner
Monday, December 05, 2016 BHP Billiton will pay $624 million to be Petroleos Mexicanos' first private partner in producing oil and natural gas in the deep waters of the Gulf of Mexico.

Russia's Rosneft Offers $9.4B In Local Bonds And Eyes Egyptian Investment
Monday, December 05, 2016 Rosneft opened the books for a $9.4 billion bond sale to raise money for foreign projects, and said it was interested in an offshore concession in Egypt.

Private Equity Funds, Former Oil Execs Eye Southeast Asia Energy Assets
Friday, December 02, 2016 Flush with cash, private equity-backed firms and former oil industry executives are eyeing energy assets in Southeast Asia.

Egypt Accepts Six Bids For Oil And Gas Exploration
Friday, December 02, 2016 Egypt has accepted 6 bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said on Friday.

Centrica Sells Trinidad And Tobago Gas Assets To Shell
Wednesday, November 30, 2016 British utility Centrica said on Wednesday it has agreed to sell its gas assets in Trindad and Tobago for $30 million to Royal Dutch Shell.

Thai Petroleum Concession Auction Faces Delay
Monday, November 28, 2016 Thailand's military government will complete an auction in 2018 for expiring oil and gas contracts held by Chevron Corp and PTT Exploration and Production, the country's energy minister says.

Sources: Shell Considering Selling its Iraq Oil Assets
Monday, November 28, 2016 Royal Dutch Shell is considering selling out of its oil fields in Iraq as part of its global $30 billion asset disposal programme, industry sources said.

Silverback Exploration To Sell Oil And Gas Assets For $855M
Monday, November 28, 2016 Privately held Silverback Exploration LLC will sell oil and gas assets for $855 million to Centennial Resource Development Inc, which is backed by energy private equity fund Riverstone Holdings LLC.

Eni Aims to Cut Stake in Zohr Field to 50 pct, Could Happen Quickly
Monday, November 28, 2016 Italian energy group Eni plans to reduce its stake in the giant Zohr gas field offshore Egypt to 50 percent, Chief Executive Claudio Descalzi said.

BP Buys Interests in 2 North Sea Prospects
Monday, November 28, 2016 BP buys interests in 2 North Sea exploration prospects, Jock Scott and Craster, after purchasing parts of several licenses to the east and west of Shetland.

Eni Agrees To Sell 10% Stake In Egypt Concession To BP
Friday, November 25, 2016 Eni has agreed to sell a 10% stake in the Shorouk concession offshore Egypt to BP, the Italian oil and gas group said in a statement on Friday.

African Petroleum Exits Liberia
Wednesday, November 23, 2016 West Africa-focused independent energy firm, African Petroleum, announces that the production sharing contracts for blocks LB-08 and LB-09 in Liberia have expired and will not be extended.

Statoil Acquires Petrobras' Operated Interest in BM-S-8 Offshore Brazil
Wednesday, November 23, 2016 Statoil acquires Petrobras' 66% operated interest in the BM-S-8 offshore license in Brazil's Santos basin.

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