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News Topics: Property Acquisitions & Divestitures

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Energy Minister: Indonesia's Pertamina To Operate Mahakam Block From 2018
Friday, March 27, 2015 Indonesia's Pertamina will operate the Mahakam natural gas block offshore East Kalimantan, according to the country's energy minister.

Cue Energy Gets Approval to Farm-in for 12.5% Stake in Sumatra's Mahato PSC
Thursday, March 26, 2015 Cue Energy receives government approval for the farm-in agreement with Bukit Energy for a 12.5 percent stake in the Mahato Production Sharing Contract in Central Sumatra, Indonesia.

Hess, Petroceltic Pull Out of Kurdistan License
Wednesday, March 25, 2015 Petroceltic and its partner Hess have chosen to pull out of the Dinarta license in Iraqi Kurdistan after drilling difficulties.

Chevron Signs PSC for Block A5 in Rahkine Basin Offshore Myanmar
Wednesday, March 25, 2015 Chevron signs production sharing contract for Block A5 in the Rakhine Basin offshore Myanmar with Myanma Oil & Gas Enterprise.

Shell Completes $1.7B Sale of Nigerian Assets
Wednesday, March 25, 2015 SPDC announces it has completed the assignment of its interest in OML 29 and the Nembe Creek Trunk Line (OML29 and NCTL) and related facilities in the Eastern Niger Delta.



Malaysia's Cliq Energy Buys into Kazakhstan Oilfields for $117M
Tuesday, March 24, 2015 Malaysia's Cliq Energy buys into Kazakh oilfields for $117 million.

Linn, Quantum Energy Tie Up to Buy Oil, Gas Assets
Tuesday, March 24, 2015 Quantum Energy Partners will invest up to $1 billion in new entity for the acquisition and development of oil and gas assets.

Woodside Inks 4 PSCs for Blocks Awarded in 2013 Myanmar Offshore Bid Round
Monday, March 23, 2015 Woodside inks four production sharing contracts for blocks awarded in the 2013 Myanmar Offshore Bid Round.

Indonesian Government Tells Pertamina to Resubmit Mahakam Block Proposal
Friday, March 20, 2015 Indonesia's Ministry of Energy and Mineral Resources tells Pertamina to resubmit proposal on taking over operations at the Mahakam block offshore East Kalimantan.

Minister: India Expects to Raise $3.6B from Share Sale in Four Companies
Friday, March 20, 2015 India could raise $3.6 billion from the sale of stakes in four state-run firms including Oil and Natural Gas Corp (ONGC) and National Aluminium Co Ltd (NALCO), Junior Finance Minister Jayant Sinha says.

Shell Completes Divesting 30% Stake in Nigeria's OML 18 to Eroton for $737M
Friday, March 20, 2015 Shell completes divesting 30 percent stake in OML 18 and related facilities in the Eastern Niger Delta, Nigeria to Eroton for $737 million.

Central Gulf Sale 235 Attracts $539M in High Bids
Wednesday, March 18, 2015 Despite lower oil prices, bidding in Central Gulf Lease Sale 235 underscores "steady, continued interest" in US Gulf of Mexico leasing.

Rey Resources Considers Next Move in Concluding Acquisition of Derby Block
Wednesday, March 18, 2015 Rey Resources considers its next move in concluding the acquisition of the Derby Block in the Canning Basin, Western Australia.

Shell, Statoil, Petronas Gain Exploration Blocks in Indonesia Bid Round
Wednesday, March 18, 2015 Shell, Statoil, Petronas Carigali and Pertamina are among the successful firms in the latest bidding round for 11 oil and gas blocks in Indonesia.

Albania To Sell State Oil Firm, Offer Oil Blocks
Tuesday, March 17, 2015 Albania wants to try again to privatize its state oil company this year, and will soon begin offering its blocks for oil and gas exploration, Prime Minister Edi Rama says.

MEO Confirms Farm-out of 30% Stake in Permit WA-488-P Offshore WA
Tuesday, March 17, 2015 MEO Australia says an international exploration company agreed to exercise its option to farm-in for a 30 percent interest in permit WA-488-P offshore Western Australia.

KUFPEC Inks Exploration Agreement for Pakistan's Paharpur Block
Monday, March 16, 2015 KUFPEC signs exploration agreement with the Pakistani Ministry of Petroleum and Natural Resources for the Paharpur Block in Pakistan.

Shell Pulling Back from Shale in South Africa
Monday, March 16, 2015 Shell is pulling back from its shale projects in South Africa due to lower energy prices although it is still seeking an exploration license for the onshore Karoo Basin, its country manager says.

Kea Relinquishes Mercury Permit in Taranaki Basin, Offshore New Zealand
Friday, March 13, 2015 Kea Petroleum relinquishes Mercury permit in PEP 52333, offshore Taranaki, New Zealand.

Orca Energy to Sell Cooper Basin Assets in South Australia to Senex Energy
Friday, March 13, 2015 Orca Energy agrees to sell its upstream assets in South Australia's Cooper Basin to Senex Energy for $1.5 million.

Pemex Plans To Compete In Mexico's First Two Oil Tenders
Thursday, March 12, 2015 Pemex plans to take part in the first two public tenders of the so-called Round One opening of the country's oil and gas industry, a senior executive says.

ONGC Videsh in Talks to Acquire Stakes in 2 Fields in Siberia
Thursday, March 12, 2015 ONGC Videsh commences discussions to acquire stakes in 2 fields in Siberia, Russia, according to India's oil minister.

UK Oil & Gas Completes Acquisition of Onshore, Offshore Interests
Thursday, March 12, 2015 UK Oil & Gas completes the acquisition of interests in offshore license P1916 and onshore license PEDL126 on the UK Continental Shelf.

NGE Completes Sale of a 50% Stake in PPL 269 in Papua New Guinea to Santos
Wednesday, March 11, 2015 New Guinea Energy completes the sale of a 50 percent stake in petroleum prospecting license 269 in Papua New Guinea to Santos.

Cue Energy Takes Full Ownership of Kutei Basin's Mahakam Hilir PSC
Wednesday, March 11, 2015 Cue Energy completes the acquisition of a 60 percent interest in Mahakam Hilir production sharing contract in Kutei Basin, Kalimantan, Indonesia.

Russian Oligarch Steps Up Efforts To Salvage North Sea Deal
Wednesday, March 11, 2015 Russian billionaire Mikhail Fridman's LetterOne fund says it submitted detailed information to the British government as it tries to salvage a deal to buy North Sea assets from RWE and avoid a legal clash.

KrisEnergy Takes Over as Operator of Vietnam's Offshore Block 105
Tuesday, March 10, 2015 KrisEnergy takes over as field operator of Vietnam's offshore Block 105 from Eni.

Tap Oil Adds Two Exploration Blocks Offshore Western Australia
Tuesday, March 10, 2015 Tap Oil gains two Western Australian exploration blocks offered under the 2014 Offshore Petroleum Exploration Acreage Release.

UK Oil & Gas Boosts its Stake in Horse Hill
Monday, March 09, 2015 UK Oil & Gas Investments increases its stake in the onshore UK Horse Hill discovery.

Government: Bids on Peru's Biggest Oil Block to Start in April
Friday, March 06, 2015 Bidding on the rights to develop Peru's biggest oil block will begin next month, and a winner will likely be announced in August, state energy agency Perupetro says.

Northern Petroleum Agrees Cascina Alberto Farm-Out with Shell
Thursday, March 05, 2015 Junior oil firm Northern Petroleum agrees to farm out 80 percent of its Cascina Alberto permit, onshore Italy, to Royal Dutch Shell.

ACCC Clears Woodside's Acquisition of Apache's Stakes in LNG Projects
Thursday, March 05, 2015 Woodside edges closer to completing its $2.75 billion acquisition of Apache's interests in Australia's Wheatstone and Balvanes projects as well as the Kitimat project in Canada.

Eneabba Gas Pens Deal for Option to Acquire EP 477 Permit in Perth Basin
Wednesday, March 04, 2015 Eneabba Gas pens agreement for option to acquire 100 percent stake in exploration permit 477 in the Perth Basin, Western Australia.

Wintershall Completes Takeover of Vega Field in the North Sea
Wednesday, March 04, 2015 Germany's Wintershall completes the takeover from Statoil of the operatorship of the Vega subsea oil and gas field offshore Norway.

Lukoil May Quit Most West African Projects As No Large Discoveries Made
Wednesday, March 04, 2015 Russia's Lukoil may leave almost all of its projects in West Africa as it has made no large discoveries there, according to Interfax.

Brazil Plans New Oil-Rights Auction In The Second Half
Tuesday, March 03, 2015 Brazil plans to hold its 13th round auction of oil and natural gas exploration and production rights in the second half of 2015, Mines and Energy Minister Eduardo Braga says.

Oil Hedge Helps Oando Prepay Debt After ConocoPhillips' Deal
Tuesday, March 03, 2015 Oando has prepaid $238 million out of the $753 million it borrowed to part finance the acquisition of ConocoPhillips' Nigerian oil and gas business, the company says.

Otto Pares Stake in Philippines' SC55, Secures Drillship for Hawkeye-1 Well
Monday, March 02, 2015 Otto Energy farms out a 15 percent stake in Service Contract 55 off the Philippines to Red Emperor Resources and signs a letter of intent for Maersk Venturer to drill the Hawkeye-1 exploration well in the block.

Petrobras to Sell $13.7B in Assets in 2015 and 2016
Monday, March 02, 2015 Petróleo Brasileiro SA plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts by Brazil's largest state-controlled company to reduce debt and protect cash.

Bounty Terminates Deal to Buy Stakes in Empire's Carnarvon Basin Permits
Friday, February 27, 2015 Bounty Oil & Gas terminates agreement to acquire the stakes of Empire Oil & Gas' Carnarvon Basin permits in Western Australia.

RWE To Complete DEA Disposal Very Soon
Friday, February 27, 2015 RWE says closure of the sale of its oil and gas unit DEA to Russian tycoon Mikhail Fridman is imminent; media reports completion date as March 1.

Aminex Gets Approval to Pare Stake in Tanzania's Kiliwani North License
Thursday, February 26, 2015 The Tanzanian government approves Aminex's sale of up to a 13 percent interest in Kiliwani North Development License in Tanzania to Solo Oil.

Inpex Secures Stakes in 2 Exploration Permits Offshore Western Australia
Wednesday, February 25, 2015 Inpex secures stakes in two exploration permits offshore Western Australia, near its Ichthys liquefied natural gas project.

Lime Petroleum Acquires 30% Stake in PL338C off Norway from Lundin
Wednesday, February 25, 2015 Lime Petroleum acquires 30 percent interest in PL338C offshore Norway from Lundin Petroleum.

Lundin Farms Out Gemini Prospect Offshore Norway
Tuesday, February 24, 2015 Lundin Petroleum agrees to farm out a 30% working interest in Norway's PL338C license to Lime Petroleum.

Thailand Puts Bidding For Oil, Gas Concessions On Hold
Tuesday, February 24, 2015 Thailand's military government will delay bidding for new oil and gas concessions indefinitely, pending an amendment to a petroleum law, Prime Minister Prayuth Chan-ocha says.

Uganda Offers Six Petroleum Blocks In First Competitive Licensing Round
Tuesday, February 24, 2015 Uganda is offering 6 petroleum blocks in its first competitive licensing round for oil exploration in the Albertine Graben area, the Energy and Mineral Development Ministry says.

Chevron Says Plans To Give Up Romania Shale Gas Project
Monday, February 23, 2015 Chevron says it will give up shale gas exploration plans in Romania, after an assessment showed the Black Sea state does not compete favorably with other investment opportunities.

UKOG Signs Deal to Increase Stake in Markwells Wood to 100%
Friday, February 20, 2015 UK Oil & Gas signs a deal that see its acquire a 40% interest in the Markwells Wood license in England's Weald Basin, raising its stake in the license to 100%.

Minister: Croatia Gets 7 Bids For Onshore Oil/Gas Exploration
Wednesday, February 18, 2015 Croatia receives 7 bids at an international tender for onshore exploration of oil and gas in the northern Drava river basin and east of the country, Economy Minister Ivan Vrdoljak says.

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