News Topics: Property Acquisitions & Divestitures

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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.

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.

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.

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".

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.

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.

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.

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.

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.

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.

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.

San Leon Sells 2 Polish Onshore Assets
Friday, November 18, 2016 San Leon Energy sells its interests in 2 Polish onshore assets to Palomar Natural Resources.

OMV CEO Hopes For Asset Swap Deal With Gazprom Before Year-End
Thursday, November 17, 2016 Austria's OMV is confident it can reach a basic agreement on a planned asset swap with Russia's Gazprom before year-end.

Egdon Increases Stake in PEDL201
Wednesday, November 16, 2016 Egdon Resources plc will acquire an additional 12.5% interest in PEDL201, in the Widmerpool Gulf onshore UK, from Corfe Energy limited for an all share consideration of $62,000.

Mitra Closes Stag Oilfield Acquisition
Monday, November 14, 2016 Mitra Energy Inc. confirms that Jadestone Energy (Australia) Pty Ltd, a wholly owned subsidiary of Mitra, has closed the acquisition of the Stag oilfield, located offshore Western Australia.

Mexico To Auction 14 Contracts For Onshore Oil Exploration In July
Monday, November 14, 2016 Mexico will auction 14 contracts for licenses to explore and extract hydrocarbons from onshore areas as part of the third phase of its Round Two oil tender, CNH says.

Hawkley Completes Sale of Ukraine Assets to Tomeas
Friday, November 11, 2016 Hawkley Oil & Gas Limited successfully completes the sale of its Ukraine assets to Tomeas Assets Ltd for a total consideration of $1 million.

Queensland Government Releases 2 New Exploration Areas
Friday, November 11, 2016 Australia's Queensland Government releases 2 new prospective areas for petroleum and gas exploration in Queensland's Bowen and Surat basins.

ConocoPhillips Aims To Sell Up To $8 Billion In Gas Assets
Thursday, November 10, 2016 ConocoPhillips will sell up to $8 billion in natural gas assets and trim its capital budget by 4% next year to provide funds to bolster operations.

Israel's Delek Group Wins Exploration Tender Offshore Canada
Thursday, November 10, 2016 Delek Group wins tender rights to explore a deep-water block offshore Newfoundland.

Iraq Oil Ministry Postpones Upstream Bidding Round To Mid 2017
Thursday, November 10, 2016 Iraq's oil ministry is postponing a bidding round for 12 small and medium-sized oil fields across three provinces from Nov. 30 to the middle of next year.

Norway's Statoil Says To Close Down Its R&D Office In Beijing
Wednesday, November 09, 2016 Norway's Statoil has decided to close down its Beijing-based research and development department as part of ongoing cost cuts.

Total Signs First Post-Sanctions Western Energy Deal With Iran
Tuesday, November 08, 2016 Total becomes the first western energy company to sign a major deal with Tehran since the lifting of international sanctions earlier this year.

Denmark's DONG Energy To Get Out Of Oil, Gas Business
Tuesday, November 08, 2016 Danish energy group DONG Energy plans to quit oil and gas to focus solely on offshore wind power, adding to the billions of dollars of North Sea assets currently up for sale.

OMV Sells UK Business In Retreat From Costly Exploration
Tuesday, November 08, 2016 OMV is selling its UK business to Siccar Point Energy, putting an end to the Austrian oil and gas group's exploration activities in Britain.

Oil Start-Up Wellesley Petroleum Eyes 30-40 Licenses Off Norway
Wednesday, November 02, 2016 Oil company start-up Wellesley Petroleum is aiming to secure a portfolio of around 30 to 40 licenses in oil and gas fields off Norway, it said on Wednesday.

DONG Energy Looks at Shedding Oil, Gas in Strategy Rethink
Wednesday, October 26, 2016 DONG Energy is looking at whether to jettison its oil and gas business, which it says will not form part of its long-term strategy as it shifts to wind power.

Indonesia's Pertamina Targets 42% Increase in 2017 Crude Output
Tuesday, October 25, 2016 Indonesia state oil firm Pertamina targets a 42-percent increase in crude oil production and a 17-percent increase in gas production in 2017, amid continued overseas expansion.

Shell Divests Non-Core Oil, Gas Properties in Canada for $1 Billion
Friday, October 21, 2016 Shell will sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada for a total consideration of approximately $1.037B.

Shell Selling 16 Assets Worth More Than $500M
Wednesday, October 19, 2016 Shell is currently offering 16 assets worth more than $500 million for sale as part of its vast $30 billion three-year asset sales program.

SM Energy To Buy Permian Basin Acreage For $1.6 Billion
Tuesday, October 18, 2016 SM Energy says it will buy 35,700 net acres in West Texas's Howard and Martin counties for about $1.6 billion.

Russia's Rosneft, Partners to Invest around $12.9B in India's Essar Oil
Saturday, October 15, 2016 Rosneft CEO Igor Sechin says his company will invest around $12.9 billion in India's Essar Oil.

Bidding Frenzy in Biggest US Oil Field Yields Record Deal
Friday, October 14, 2016 RSP Permian agrees to pay $2.4B in cash and stock for Silver Hill Energy Partners as increasing competition for drilling rights in the biggest US oil field pushes bids to new records.

Freeport To Sell California Energy Assets For Up To $742MM
Friday, October 14, 2016 Freeport-McMoRan says it would sell its onshore California oil and gas assets to Sentinel Peak Resources California for up to $742 million, as part of its strategy to cut debt.

Chevron Confirms Is In Discussions For Potential Bangladesh Sale
Thursday, October 13, 2016 Chevron confirms that the company is in "commercial discussions" regarding its Bangladesh assets.

Madagascar Delays Planned Tenders Of 40 Oil Blocks Until Next Year
Thursday, October 13, 2016 Madagascar will delay launching planned tenders on 40 offshore oil blocks until next year, the government's top official on extractive industries says.

Saudi Aramco Signs Deals To Let Turkish Firms Bid On Future Projects
Tuesday, October 11, 2016 Saudi Aramco signed memoranda of understanding Tuesday with 18 Turkish firms, enabling them to bid for Aramco projects in the years ahead.

Petrobras Says Deep-Water Opening Luring Big Oil to Brazil
Monday, October 10, 2016 International oil companies are reaching out to Brazil after it opened its most promising offshore region to increased competition.


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