News Topics: Property Acquisitions & Divestitures

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Premier Completes E.ON North Sea Asset Acquisition
Friday, April 29, 2016 Premier Oil plc completes the acquisition of UK North Sea assets from E.ON.

ConocoPhillips Tables Asset Sales As Rout Worsens Buyer's Market
Friday, April 29, 2016 ConocoPhillips is pulling some of its assets off the market as a prolonged industry downturn makes it harder to get the desired prices.

Australia's 3D Oil to Farm Out Stakes in T/49P Permit in the Otway Basin
Thursday, April 28, 2016 Australia's 3D Oil provides a quarterly update on its local upstream activities, including a plan to farm out interest in its T/49P permit in the Otway Basin off Tasmania.

Hutton Poland Secures Kolo License
Thursday, April 28, 2016 Hutton Poland Limited is formally awarded the Kolo License in Poland.

Sterling Exits Ambilobe Block, Offshore Madagascar
Thursday, April 28, 2016 Sterling Energy (UK) Limited issues a notice of withdrawal from the Ambilobe block, offshore Madagascar to its joint venture partner Pura Vida Mauritius.

Shareholders Reject Sona Petroleum's Acquisition of WA's Stag Oilfied
Wednesday, April 27, 2016 Sona Petroleum's shareholders vote overwhelmingly against the company's proposed acquisition of Stag Oilfield located off Western Australia for $25 million.

Lansdowne Fails to Farm-Out Celtic Sea Licenses
Tuesday, April 26, 2016 Lansdowne Oil & Gas fails to farm-out the SEL 5/07 and SEL 5/08 licenses in the Celtic Sea offshore the south coast of Ireland, "due to adverse industry conditions".

Norway's Aker Seeks More Investments, Says Billionaire Owner Roekke
Friday, April 22, 2016 Aker expects to conduct more acquisitions and other transactions in coming years, according to the firm's top owner.

Empire, AEGP Still in Talks to Close Deal for NT Petroleum Tenements
Friday, April 22, 2016 Empire Energy and AEGP are still in talks to close deal for the farmout of the former's Northern Territory petroleum tenements in Australia.

Shell Eyes $700M Exit from Gabon
Thursday, April 21, 2016 Royal Dutch Shell is working on selling out of its onshore assets in Gabon, according to two sources familiar with the matter, seeking to refocus its African presence.

WA DMP Approves Pilot Energy's Acquisition of Stake in EP437 Permit
Wednesday, April 20, 2016 Western Australian Department of Mines & Petroleum approves Pilot Energy's acquisition of an interest in the state's EP437 exploration permit.

Oil Firm Sequa Petroleum Calls Off Planned Deals with Total, OMV
Tuesday, April 19, 2016 Sequa Petroleum calls off 2 planned acquisitions of Norwegian offshore field interests, one from France's Total and the other from Austria's OMV, due to tough market conditions.

Independent Oil and Gas Acquires Blythe Discovery
Tuesday, April 19, 2016 Independent Oil and Gas signs a Sale and Purchase Agreement to acquire an additional 50 percent in blocks 48/22b and 48/23a in the Southern North Sea from Alpha Petroleum Resources Limited.

Egypt to Launch New Oil Exploration Round Next Week
Tuesday, April 19, 2016 Egypt plans to launch a new oil exploration round next week, offering 11 blocks in the Western desert and the Gulf of Suez.

Det Norske Acquires Centrica's North Sea Licenses
Monday, April 18, 2016 Det norske oljeselskap enters into an agreement with Centrica Resources to acquire the company's licenses in the Frigg Gamma Delta and Rind discoveries, both of which are located in the North Sea.

Beach Energy Updates on Sale of its Egyptian Subsidiary to Rockhopper
Monday, April 18, 2016 Australia's Beach Energy updates on the sale of its subsidiary Beach Egypt, owner of a 22 percent stake in Egypt's Abu Sennan Concession, to Rockhopper Exploration.

Beach Energy to Withdraw from the JV for BMG Gas Fields Off Gippsland
Friday, April 15, 2016 Beach Energy reveals plans to withdraw from the joint venture for the Basker, Manta and Gummy gas fields offshore Gippsland, Australia.

Ezra, EMAS Offshore to Sell 78.4% Stake in FPSO Lewek Emas
Friday, April 15, 2016 Ezra and its unit EMAS Offshore agree to sell their combined 78.4 percent stakes in FPSO Lewek Emas to a global infrastructure fund.

Mexico Oil Regulator Sweetens Terms For December Deepwater Auction
Friday, April 15, 2016 Mexico's oil regulator voted to improve the terms for its first-ever deepwater auction in December, giving energy companies and investors more flexibility to structure their bids as oil prices have slumped over the past two years.

Russian Finmin: Rosneft Stake to be Privatized Worth About $9.9B
Friday, April 15, 2016 Russian Finance Minister Anton Siluanov says in an interview with CNBC the government's current estimate of the value of the 19.5 percent stake in oil producer Rosneft, which it plans to privatize, is around $9.9 billion.

Indonesia's Pertamina Plans To Develop South China Sea Border Areas
Tuesday, April 12, 2016 Pertamina plans to explore for oil and gas in areas close to Indonesia's maritime border in the South China Sea.

Shell CEO Says May Sell Some North Sea Assets to Improve Portfolio
Tuesday, April 12, 2016 Royal Dutch Shell could sell some of its older, lower grade North Sea assets to improve the quality of its portfolio, according to its CEO Ben van Beurden.

Media: Noble Energy In Talks To Trim Stake In Tamar Gas Field
Monday, April 11, 2016 Texas-based Noble Energy is in talks with Israeli institutions to sell an 11 percent stake in Israel's Tamar natural gas field for at least $1 billion due to cash flow needs, Israeli media reports.

Metgasco Looks at New Business, Completing Sale of Northern Rivers Acreages
Monday, April 11, 2016 Metgasco looks at new business opportunities after almost completing the sale of its Northern Rivers acreages in New South Wales, Australia.

Marathon Oil Signs Deals To Sell $950M Of Assets
Monday, April 11, 2016 Marathon Oil signs agreements to sell non-core assets for $950 million.

Cooper Energy Says Buyers Keen to Acquire Tangai-Sukananti KSO in Sumatra
Friday, April 08, 2016 Cooper Energy says buyers appear keen on acquiring its 55 percent stake in the oil producing Tangai-Sukananti block in South Sumatran Basin, Indonesia.

London-Based Energy Firms Bolster African Portfolios
Thursday, April 07, 2016 London-based energy companies Independent Resources plc and Victoria Oil & Gas plc move to bolster their portfolios in Africa through increased working interests in projects in Tunisia and Cameroon, respectively.

Denmark Issues 16 Oil, Gas Licenses
Wednesday, April 06, 2016 Denmark issues 16 oil and gas exploration licenses in the North Sea, just days after A.P. Moller-Maersk threatens to shut down the country's main gas field.

Carnarvon Gains 100% Stake in Permit WA-521-P in Western Australia's NWS
Wednesday, April 06, 2016 Carnarvon Petroleum secures 100 percent interest in exploration permit WA-521-P, located on Western Australia's North West Shelf.

ADNOC Says 'Door Is Still Open' For UAE Oil Concession Talks
Monday, April 04, 2016 The chief executive of the Abu Dhabi National Oil Company (ADNOC) says in remarks published the door was still open for talks on awarding stakes in its 40-year onshore concession to develop the country's biggest oilfields.

Solo Concludes Kiliwani North Acquisition
Monday, April 04, 2016 Solo Oil concludes a deal with Aminex plc to acquire a further 3.825% interest in Tanzania's Kiliwani North Development License for a total cash consideration of $2.16 million.

Sona Gets More Time to Meet Conditions for Australia's Stag Oilfield Deal
Friday, April 01, 2016 Sona Petroleum gets an extension to satisfy conditions for the proposed acquisition of Stag Oilfield offshore Western Australia.

Rawson Resources Expands into Papua New Guinea, Granted PPL 549
Thursday, March 31, 2016 Rawson Resources expands into Papua New Guinea after being granted petroleum prospecting license (PPL) 549 in the North New Guinea Aitape Basin.

Italian Prosecutors Probe Shell over Nigeria Oil Deal
Wednesday, March 30, 2016 Italian prosecutors are investigating Royal Dutch Shell over allegations of international corruption in relation to a big Nigeria oil deal that also involved rival Eni, says a judicial source.

Eni Enters Offshore Morocco Exploration Permits
Wednesday, March 30, 2016 Eni signs a farm-in agreement with Chariot Oil & Gas to enter into Rabat Deep Offshore exploration permits I-VI, located in the Northern Atlantic Margin of Morocco.

Eni-Led Consortium Awarded Offshore Ghana License
Tuesday, March 29, 2016 A consortium comprising Eni, GNPC, Explorco, Vitol and Woodfields has been awarded a new exploration license in Cape Three Points Block 4, located in the Tano Basin offshore Ghana.

Sources: ExxonMobil In Talks To Buy Into Eni's Giant Mozambique Gas Field
Friday, March 25, 2016 Exxon Mobil is in talks to buy a stake of around 15 percent in Italian oil major Eni's giant Area 4 gas field in Mozambique, two sources familiar with the matter said.

PA Resources Completes Divestment of North Sea Assets
Thursday, March 24, 2016 PA Resources AB completes a transaction with Petrogas E&P to divest its portfolio of North Sea assets.

Kina Petroleum to Exit Papua New Guinea License
Thursday, March 24, 2016 Kina Petroleum Limited will exit exploration license PPL 337 after failing to encounter commercial quantities of hydrocarbons.

Cluff Signs Acquisition Agreement with Verus for North Sea Licenses
Wednesday, March 23, 2016 Cluff Natural Resources signs an agreement with Verus to acquire up to a 25% participating interest in 3 licenses located in the Central North Sea and the Moray Firth.

NZOG Submits Application to Exit Kaheru PEP 52181
Wednesday, March 23, 2016 New Zealand Oil & Gas submits an application to exit the Kaheru PEP 52181 permit offshore South Taranaki.

New Zealand Offers 5 Blocks for Exploration in 2016 Tender
Monday, March 21, 2016 New Zealand offers five offshore and onshore oil and gas blocks for exploration in the latest tender.

AWE Completes Sale of Stake in Sugarloaf AMI in Texas to CEP II for $190M
Thursday, March 17, 2016 Australia's AWE completes sale of its 10 percent stake in Sugarloaf Area of Mutual Interest in Texas to Carrier Energy Partners II for $190 million.

Norway Launches APA 2016 Licensing Round
Thursday, March 17, 2016 The Norwegian Ministry of Petroleum and Energy launches the APA (Awards in Predefined Areas) 2016 licensing round.

Russia's Rosneft Sells Nearly Half of Vankor Field to Indian Firms
Wednesday, March 16, 2016 Russian oil firm Rosneft signs a series of documents on selling stakes in Russian oil fields to Indian firms during a visit by its CEO Igor Sechin to India.

Elixir Continues Talks to Acquire 57.5% Stake in WA's Cliff Head Oil Field
Wednesday, March 16, 2016 Elixir Petroleum continues talks to acquire 57.5 percent stake in Cliff Head oil field offshore Western Australia from AWE.

Cote d'Ivoire Approves Ophir's Acquisition of 45% Stake in Block CI-513
Friday, March 11, 2016 Cote d'Ivoire approves Ophir Energy's acquisition of a 45 percent stake in offshore Block CI-513.

Providence Resources Commences Farm-Out Process at Druid/Drombeg
Friday, March 11, 2016 Providence Resources issues a call for oil and gas companies to farm-in to its Druid/Drombeg prospects, located on the South Porcupine basin offshore Ireland.

Sound Energy to Increase Sidi Moktar Stake
Thursday, March 10, 2016 Sound Energy agrees to acquire a further 50% operated interest in three onshore gas permits located in Morocco from PetroMaroc Corporation Plc.

Andalas Inks Conditional Farm-in Deal for Tuba Obi East Block in Sumatra
Thursday, March 10, 2016 Andalas Energy and Power enters into a conditional farm-in agreement for Tuba Obi East Block in South Sumatran Basin, Indonesia.

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