News Topics: Property Acquisitions & Divestitures

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China to Allow Non-State Firms to Bid for Xinjiang Oil Blocks in Trial
Tuesday, July 07, 2015 China will allow private domestic enterprises to bid for a handful of oil and gas blocks in the far-western region of Xinjiang.

ExxonMobil Selling Cook Inlet Assets, Remains Committed to Alaska
Tuesday, July 07, 2015 ExxonMobil's subsidiary XTO Energy sells Cook Inlet production assets to Hilcorp for undisclosed price.

LINN Exits Permian with $281M Deal, Completes Strategic Funding Initiatives
Monday, July 06, 2015 LINN Energy exits the Permian Basin and seals deals with private capital to fund acquisitions and development.

Four Firms Exit Initial Offshore Tender In Mexican Oil Opening
Monday, July 06, 2015 Four companies have bowed out of the initial installment of Mexico's so-called Round One oil auction, the first step in the country's historic sector opening, regulator CNH says.

Providence Increases Stake in Dunquin South Prospect
Monday, July 06, 2015 Independent explorer Providence Resources agrees to buy Atlantic Petroleum's four-percent stake in Frontier Exploration Licence 3/04, which lies in the Porcupine Basin offshore west Ireland.

Australian Energy Retailer AGL Writes Down Coal-Seam Gas Assets
Monday, July 06, 2015 AGL Energy, Australia's No. 2 energy retailer, says it will sell three coal-seam gas licences back to the government and write down the value of several more underperforming projects, cutting its net profit by $443 million.

Minister: Indonesia Expects Total to Make Decision on Mahakam within Days
Friday, July 03, 2015 Total will decide over the next few days how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block, according to the country's energy minister.

FourPoint Acquires Chesapeake's Western Anadarko Assets
Thursday, July 02, 2015 Chesapeake Energy sells western Anadarko assets to FourPoint Energy for $840 million.

Maersk Venturer to Mobilize to Hawkeye-1 Well in Palawan Basin in Late July
Thursday, July 02, 2015 The Maersk Venturer drillship will mobilize to drill the Hawkeye-1 exploration well in Service Contract 55 in the Palawan Basin, offshore Philippines in late July.

Norway Decides on Johan Sverdrup Ownership Interests
Thursday, July 02, 2015 The Norwegian government decides on how the Johan Sverdrup field will be split among its five owners.

Israel Plans to Let Noble, Delek Keep Control of Leviathan Gas Field
Tuesday, June 30, 2015 Israel's Energy Ministry unveils a plan for the country's natural gas sector that would leave the largest offshore project, Leviathan, in the control of the Noble/Delek consortium.

NSE Sells Australia's Cooper Basin, U.S. Assets to Sundance Energy for $18M
Monday, June 29, 2015 New Standard Energy agrees to sell its Australia's Cooper Basin assets and Colorado Country Project in the United States to Sundance Energy for $18.4 million.

Kea Agrees to Dispose Assets
Friday, June 26, 2015 Kea Petroleum has conditionally agreed to sell its 70% interest in PEP51153, which could lead to the firm being classified as an investing company under AIM rules.

Sefton Partners UTAS to Acquire Producing Oil, Gas Assets in Indonesia
Friday, June 26, 2015 Sefton Resources signs development agreement with UTAS Petroleum Services to acquire producing upstream oil and gas assets in Indonesia.

Chevron Selling 40% Stakes in Two More Nigerian Oil Blocks
Wednesday, June 24, 2015 Chevron says it was selling its 40% stakes in two more Nigerian shallow water offshore oil blocks, Oil Mining Leases (OML) 86 and 88 in the Niger Delta area.

Germany's E.ON Puts North Sea, Algeria Assets on the Block
Tuesday, June 23, 2015 German utility E.ON wants to sell its North Sea and Algerian oil and gas assets, according to several banking sources, and hopes to raise around $2 billion as it restructures.

Qatar Petroleum Eyes Foreign Expansion After Restructuring
Tuesday, June 23, 2015 Qatar Petroleum plans to expand overseas after a restructuring that included the takeover of its foreign investment arm and the firing of some foreign workers.

Petro Matad Completes Farm-out of Blocks IV and V in Central Mongolia
Monday, June 22, 2015 Petro Matad announces that it has completed its farm-out of Blocks IV and V, located in Central Mongolia, to BG Group.

Total, Inpex to Share 30% Stake in Indonesia's Mahakam Gas Block
Friday, June 19, 2015 Indonesia says it will allocate Total and Japan's Inpex a 30 percent stake in the offshore Mahakam oil and gas block once the French major's operating rights to Indonesia's top gas field expire in December 2017.

Roxi Receives Almost Half Payment Due for its Galaz Asset in Kazakhstan
Friday, June 19, 2015 Roxi Petroleum receives $10.4 million of the $23 million it is due for the sale of its Galaz asset in Kazakhstan.

Wintershall Sells Norwegian Assets to Tellus Petroleum
Thursday, June 18, 2015 German independent oil firm Wintershall is disposing of its holdings in selected fields on the Norwegian Continental Shelf in order to optimize its portfolio of assets.

Upstream M&A Deal Values Continue To Slip
Thursday, June 18, 2015 GlobalData figures show mergers and acquisitions activity is still reined in by low oil prices and depressed market.

PetroVietnam Completes Acquisition of Chevron's Assets in Vietnam
Thursday, June 18, 2015 PetroVietnam completes acquisition of Chevron's assets in Vietnam, giving it ownership of two offshore gas blocks and a stake in a pipeline firm.

Bahamas Petroleum Corporation: Governor-General Signs License Renewal
Wednesday, June 17, 2015 Bahamas Petroleum Corporation says the Caribbean island's Governor-General has signed a license renewal addendum for the firm's four southern licenses.

Beach Energy Exits Stake in Romanian Block to Focus on Australia
Wednesday, June 17, 2015 Australia's Beach Energy withdraws from Block 28 Est Cobalcescu in Romania to focus on growing its business at home.

Shell-BG $70B Deal Crosses Key Milestone With US Clearance
Tuesday, June 16, 2015 US regulators have given the green light for Shell's proposed $70 billion acquisition of British rival BG Group, the first clearance for the biggest deal in the energy sector in over a decade.

Trap Oil Looks at Selling Some North Sea Assets to Survive
Friday, June 12, 2015 Junior operator Trap Oil is in talks to sell some of its assets in order to fund its activities.

Inpex Says No Talks Held on Pertamina's Interest in Masela Block
Thursday, June 11, 2015 Inpex is not in discussions with Pertamina regarding the latter's interest in acquiring a stake in the Masela Block, offshore eastern Indonesia.

Hess To Sell Half Of Bakken Midstream Assets For $2.68B
Thursday, June 11, 2015 Hess says it will sell half of its Bakken midstream assets to Global Infrastructure Partners for $2.68 billion.

With American Energy Buy, Gulfport Grows Utica Footprint
Wednesday, June 10, 2015 Gulfport Energy expands its dry gas Utica acreage by almost 30% in first half of 2015.

Official: Pertamina Interested in Stake in Inpex Abadi FLNG Project
Wednesday, June 10, 2015 Pertamina is interested in acquiring a stake in the Abadi floating liquefied natural gas project currently being developed by Inpex and Shell, an energy ministry official says.

MX Oil and Geo Estratos Express Formal Interest in Mexico's Bid Round One
Tuesday, June 09, 2015 MX Oil and local partner Geo Estratos become formally listed as interested parties in phase three of Mexico's Bid Round One by the Comission Nacional de Hydrocarburos.

Gulfport Acquires Additional Acreage in Utica
Tuesday, June 09, 2015 Gulfport Energy Corp. enters into agreements to acquire additional acreage in the Utica Shale.

Hybrid ROV-AUV Technology Could Aid Oil, Gas in Remote Offshore Ops
Monday, June 08, 2015 A technology that allows underwater vehicles to perform ROV and AUV functions could change oil and gas industry operations in subsea operations and Arctic exploration.

Sound Enters Morocco with Farm-In Deal
Monday, June 08, 2015 Sound Oil enters into the Moroccan oil and gas sector after agreeing to farm into the onshore Tendrara license.

Central Acquires 50% Stake in NT's Mereenie Field from Santos for $37.4M
Thursday, June 04, 2015 Central Petroleum acquires a 50 percent operating interest in the Mereenie oil and gas field in the Amadeus Basin, Northern Territory, Australia from Santos for $34.7 million.

Sterling Energy Acquires 13.5% Stake in Block C-10 Offshore Mauritania
Thursday, June 04, 2015 Sterling Energy acquires a 13.5 percent stake in Block C-10 offshore Mauritania.

Frontier in Talks to Farm Out Stakes in Oman's Block 38
Wednesday, June 03, 2015 Frontier Resources International is in talks with Middle East firms to farm out stakes in Oman's Block 38.

Eneabba Gas Seals Deal for 50% Interest in Permit EP 447 in Perth Basin
Tuesday, June 02, 2015 Eneabba Gas acquires GCC Methane, giving the company a 50 percent interest in production permit EP447 in Perth Basin, Western Australia.

Hibiscus Aborts Plan to Buy Talisman's Stake in JPDA 06-105 Off Timor-Leste
Tuesday, June 02, 2015 Hibiscus Petroleum terminates plan to acquire Talisman Resources, which has a 25 percent stake in the Kitan oil field in JPDA 06-105 block in the Australia-Timor Leste Joint Petroleum Development Area north east of Darwin, Australia.

Rey Resources Acquires 50% Stake in Derby Block in WA's Canning Basin
Tuesday, June 02, 2015 Rey Resources completes acquisition of a 50 percent interest in the Derby block in permit EP 487 in the Canning Basin, Western Australia.

Croatia Awards Six Onshore Oil And Gas Exploration Licenses
Tuesday, June 02, 2015 Three companies will share six licenses to explore for oil and gas in Croatia's northern Drava river basin and in the east of the country, the Zagreb government announced.

Israel's Delek Looks to Increase Stake in Cyprus Gas Field
Monday, June 01, 2015 Israeli conglomerate Delek Group is in talks to buy an additional 19.9% stake of the Aphrodite gas field, offshore Cyprus.

Eni Says Audit into Nigerian Oil Deal Finds No Evidence of Wrongdoing
Monday, June 01, 2015 An external audit into a $1.3-billion Nigerian oil and gas license deal made in 2011 finds no evidence of illegal conduct, Eni reports.

Egypt Signs Exploration Deal with Italy's Eni Worth $2B
Monday, June 01, 2015 Egypt's oil ministry says it has signed a $2-billion energy exploration deal with Italy's Eni.

PPP Drops Plans to Sell Stakes in NZ's Tui Oil and Vietnam's CRD Projects
Friday, May 29, 2015 Pan Pacific Petroleum drops plans to sell its stakes in New Zealand's Tui oil project and Vietnam's Ca Rong Do project.

Indonesia's Pertamina Proposes to Take over Sanga-Sanga Oil Block
Friday, May 29, 2015 Pertamina has put forward a proposal for it to take over the Sanga-Sanga oil block, Wiratmaja Puja, director general oil and gas at Indonesia's Energy Ministry, tells reporters.

Premier Oil Exits Onshore Block 2B in Kenya
Friday, May 29, 2015 Premier Oil withdraws from onshore Block 2B in Kenya.

Galp, Petrobras Return Caramba Oil Prospect
Thursday, May 28, 2015 Galp Energia and Petrobras return the Caramba oil block to Brazil's ANP regulator after finding it is not commercially viable.

Ithaca Energy Shares Slide after Disclosing North Sea Dispute
Thursday, May 28, 2015 UK North Sea-focused Ithaca Energy says it has received a legal claim regarding its Greater Stella Area oilfield in the North Sea.

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