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News Topics: Property Acquisitions & Divestitures

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Indonesia Plans to Produce 825,000 Bopd in 2015, Up 4% YOY
Thursday, January 29, 2015 Indonesia plans to produce 825,000 barrels of oil per day in 2015, up 4% from last year, while a decision on contract extension for the Mahakam block is expected in February.

Total Signs 40-Year Onshore Oilfield Deal with Abu Dhabi
Thursday, January 29, 2015 Total will take a 10% stake in 15 onshore oilfields in Abu Dhabi.

Octanex Drops Claim on Onshore Derby Block in WA's Canning Basin
Wednesday, January 28, 2015 Octanex drops claim on onshore Derby Block in Western Australia's Canning Basin.

Chevron Teams Up with BP, ConocoPhillips in GOM Leases
Wednesday, January 28, 2015 Chevron announces it will work with BP and ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico.

Indonesia Plans to Offer 8 Oil, Gas Exploration Blocks in 2015
Thursday, January 22, 2015 Indonesia plans to offer eight oil and gas exploration blocks this year through direct negotiation and regular tender, according to an official of the energy and mineral resources ministry.

Faroe, Lundin, Cairn Score Norway License Wins
Wednesday, January 21, 2015 Faroe Petroleum and Lundin Petroleum issue details of licenses they have secured in Norway's latest offshore licensing round.

Cairn Completes Catcher Farm-out to Dyas UK
Wednesday, January 21, 2015 Cairn Energy completes the farm-out of a 10-percent interest in its Catcher development, offshore UK, to Dyas UK Limited.

Source: Brazil's HRT to Buy Stake in Shell's Campos Fields
Tuesday, January 20, 2015 Brazil's HRT reaches an agreement to buy offshore assets of Shell in the Campos Basin, a source with knowledge of the deal says.

Norway Moves Arctic Ice Edge North, Oil Firms On Alert
Tuesday, January 20, 2015 Norway's energy ministry launches an Arctic-focused oil and gas licensing round.

Eni Gets 3-Year Exploration Extension for Block 15/06, Angola
Monday, January 19, 2015 Italy's Eni obtains a three-year extension to the exploration period for its Block 15/06 concession, offshore Angola.

Noreco, North Energy Agree Norwegian Sea Asset Transfer
Monday, January 19, 2015 Noreco agrees to transfer 30-percent ownership in PL484 in the Norwegian Sea to North Energy.

Armour Energy Adds 2 Tenements to Boost its Presence in Queensland
Friday, January 16, 2015 Armour Energy increases its tenements in Queensland, Australia after succeeding in the tender for ATP 1087 and ATP(A) 1107.

Shale Firm Cuadrilla Wins UK Exploration Permits
Friday, January 16, 2015 The UK's Environment Agency grants permits to shale gas firm Cuadrilla Resources to carry out exploration at a site in northwest England.

Statoil Hands Back 3 Greenland Exploration Licenses
Wednesday, January 14, 2015 Statoil hands back three of its four Greenland offshore oil and gas exploration licenses in another sign of cost cutting by energy firms amid the plunge in oil prices.

Sea Oil Gets More Time from POE to Complete Thai Onshore Block Acquisition
Wednesday, January 14, 2015 Pan Orient Energy gives more time to Sea Oil to complete its $42.5 million acquisition of Block L53/48 in Thailand.

Sona Petroleum Scraps Plans to Buy Stake in Salamander's Thai Assetss
Wednesday, January 14, 2015 Malaysia's Sona Petroleum scraps plans to buy a stake in two oil and gas blocks from Salamander Energy Plc in the Gulf of Thailand for $280 million.

Northcote Doubles Shoats Creek Stake with NAP USA Acquisition
Wednesday, January 14, 2015 US onshore-focused junior Northcote Energy agrees to buy NAP USA, increasing its interest in the Shoats Creek and Zink Ranch fields.

Newfield to Retain China Assets
Tuesday, January 13, 2015 Newfield Exploration says it concludes its marketing process for its China business and now plans to retain the assets.

KrisEnergy Completes Acquisition of Sumatra's Block A Aceh PSC
Tuesday, January 13, 2015 KrisEnergy completes acquisition of Block A Aceh production sharing contract in Sumatra, Indonesia from Premier Oil.

PNOC-EC to Farm-in to Phillippines' SC55, Otto Seeks Rig to Drill Hawkeye-1
Friday, January 09, 2015 Otto Energy reveals that PNOC-EC will farm-in for a 15 percent interest in Service Contract 55 offshore the Philippines, with the firm seeking a rig to drill the Hawkeye-1 well later this year.

Egypt Signs Six New Oil And Gas Exploration Deals
Friday, January 09, 2015 Egypt signs six new oil and gas exploration contracts worth hundreds of millions of dollars with foreign and Egyptian companies, the oil ministry says.

Frontier Considers Plan for Drilling in Oman's Block 38
Friday, January 09, 2015 Frontier Resources International considering plans to exploration drilling in Oman's Block 38, while seeking partners to farm-in to the acreage.

Roxi in Talks to Sell Stake in Galaz Block to Xinjiang Zhundong for $100M
Friday, January 09, 2015 Roxi Petroleum enters into talks to dispose of its interest in the Galaz Contract Area in central Kazakhstan to China's Xinjiang Zhundong Petroleum Technology Co. for around $100 million.

Philippines DOE Approves PNOC-EC's Transfer of 10% Stake in SC 63 to Nido
Friday, January 09, 2015 The Philippines Department of Energy approves the transfer of 10 percent stake in Service Contract 63 offshore the Philippines by PNOC-EC to Nido Petroleum.

Rey Resources Terminates Deal to Acquire 50% Interest in EP 487 in WA
Monday, January 05, 2015 Rey Resources terminates a planned acquisition of a 50 percent interest in permit EP 487 in Western Australia's Canning Basin.

Eni, Rockhopper Give Further Details of Croatia License Award
Monday, January 05, 2015 Eni and Rockhopper Exploration provide further details of their award of Block 9 in the Adriatic Sea off Croatia.

BOURBON Ends Talks to Sell OSVs to Malaysia's Tanjung Offshore
Wednesday, December 31, 2014 BOURBON ends talks to sell nine offshore supply vessels operating in Malaysia to Tanjung Offshore.

Tap Oil Gets More Time to Acquire Stake in Otway Basin's Permit VIC/P67
Monday, December 29, 2014 WHL Energy extends timeline for Tap Oil to acquire a 10 percent stake in exploration permit VIC/P67 in Australia's Otway Basin.

Thai PTTEP Eyes Acquisitions in 2015, Mainly in Thailand, Asia
Friday, December 26, 2014 Thailand's PTT Exploration and Production Pcl says it will be looking for acquisitions in 2015, mainly in Thailand and Asia.

Tellus, Senex Amend Latter's Farmin Agreement for 3 PRLs in Cooper Basin
Friday, December 26, 2014 Tellus Resources and Senex Energy amend the latter's farmin deal for three petroleum retention licenses in South Australia's Cooper Basin.

Cue Completes Sale of Assets in PNG to National Petroleum Co. for $7M
Friday, December 26, 2014 Cue Energy completes the sale of its assets in Papua New Guinea (PNG) to the National Petroleum Company of PNG for $7 million.

Chariot, Woodside Farm-Out Approved by Moroccan Government
Wednesday, December 24, 2014 A farm-out deal that will see Woodside take a stake in the Rabat Deep Offshore permits held by Chariot Oil & Gas is approved by the Moroccan authorities.

India's Reliance, Partners Abandon East Coast Oil and Gas Block
Wednesday, December 24, 2014 Reliance Industries and its partners have relinquished an oil and gas block off India's east coast due to access restrictions and uncertainty over long-term natural gas pricing, one of the company's joint-venture partners Hardy Oil and Gas said.

Statoil to Reduce Stake in U.S. Shale Formation, Realizes $394M
Tuesday, December 23, 2014 Statoil agrees to reduce its working interest in the non-operated Marcellus shale formation in the US following a $394-million deal with Southwestern Energy.

Premier Completes North Sea Asset Sales
Monday, December 22, 2014 Premier Oil completes the sale of North Sea assets to MOL Group and Lundin Petroleum.

Norway Delays Arctic-Focused Oil Licensing Round Until 2015
Friday, December 19, 2014 Norway's government delays the launch of its Arctic-focused oil and gas licensing round until next year, the oil ministry says.

Independent Gets Cronx Extension
Thursday, December 18, 2014 Independent Oil & Gas reports that the UK government has extended the Cronx license by 12 months and that it expects to complete the acquisition of Cronx by June 30 next year.

Solo Oil Purchase of Tanzanian License Can Go Ahead
Wednesday, December 17, 2014 Tanzanian Ministry of Energy and Minerals confirms that Aminex can sell a 13-percent interest in the Kiliwani North Development Licence to Solo Oil.

Ivory Coast Signs Deals with ExxonMobil for Two Oil Blocks
Wednesday, December 17, 2014 Ivory Coast signs production sharing agreements with Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea.

Apache To Sell Stakes In 2 LNG Projects To Woodside For $2.75B
Monday, December 15, 2014 Apache says it would sell its stakes in two LNG projects, Wheatstone LNG in Australia and Kitimat LNG in Canada, to Australia's Woodside for $2.75 billion.

Peru Opens Bidding On Seven Energy Blocks In Amazon
Monday, December 15, 2014 Peru opens international bidding on seven energy blocks in the Amazon that will require a total investment of $3.15 billion, the government says.

TAG Oil Adds 2 Exploration Permits to its Upstream Assets in New Zealand
Friday, December 12, 2014 TAG Oil adds two new exploration permits to its upstream assets in the onshore Taranaki Basin, New Zealand.

Malaysia's Petronas Says Open to Selling Assets in Africa
Thursday, December 11, 2014 Petronas says it is ready to divest certain assets in Africa if growth prospects are limited.

CNOOC, KUFPEC Ink PSCs for 3 Offshore Blocks in South China Sea
Thursday, December 11, 2014 CNOOC inks production sharing contracts for three offshore blocks in the South China Sea with Kuwait's KUFPEC.

Goodrich, Oasis Petroleum Cut Spending For 2015 As Oil Slides
Wednesday, December 10, 2014 Goodrich Petroleum and Oasis Petroleum expect to spend much less on exploration and production next year, joining a list of US oil and gas companies cutting capital spending as oil prices plunge.

First Mexican Shallow-Water Oil And Gas Contracts Seen By Mid-July
Wednesday, December 10, 2014 Mexico's initial shallow-water oil and gas contracts will offer companies a share of output with average production costs estimated at about $20 per barrel, the National Hydrocarbons Commission says.

Thailand's Mermaid Maritime Raising $500M for Offshore Marine M&A
Tuesday, December 09, 2014 Thai company Mermaid Maritime is building up its cash holdings ahead of moves for merger and acquisition in the offshore marine sector.

Chevron, Statoil, ONGC Secure Exploration Permits in NZ's Block Offer 2014
Tuesday, December 09, 2014 New Zealand awards 15 exploration permits as part of Block Offer 2014 to nine companies, including Chevron, Statoil and ONGC Videsh.

Mosman Wins Three NZ Exploration Permits
Tuesday, December 09, 2014 Mosman Oil & Gas is awarded three additional permits in New Zealand's latest Block Offer.

Ophir Energy Inks PSC for Block AD-03 in Myanmar's Rakhine Basin
Monday, December 08, 2014 Ophir Energy inks production sharing contract with the Myanmar Ministry of Energy for Block AD-03 in the Rakhine Basin offshore Myanmar.

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