News Topics: Property Acquisitions & Divestitures

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Total Sells Gabon Assets to Perenco for $350MM
Monday, February 27, 2017 Total S.A. signs an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco for a total value of around $350 million.

Thailand's PTT Interested In Petronas Offshore Gas Stake
Wednesday, February 22, 2017 Thailand's PTT Pcl is interested in bidding for a stake in the SK316 offshore gas block in Malaysia's state of Sarawak, Chief Executive Thewin Wongwanich says.

Abu Dhabi Awards China's CEFC 4% Of Oil Concession For $900MM
Monday, February 20, 2017 Abu Dhabi awards the final 4% interest in its onshore oil concession.

India Awards 31 Oil And Gas Blocks
Wednesday, February 15, 2017 India approves the award of operating licenses for 31 small oil and gas fields.

Eni Completes Sale of 10% Shorouk Concession Interest
Tuesday, February 14, 2017 Eni SpA completes the sale of a 10% interest in the Shorouk concession offshore Egypt to BP plc.

Brazil Court Suspends $5.2B Sale Of Petrobras Unit To Brookfield
Friday, February 10, 2017 A Brazilian federal court suspended the $5.2B sale of state-controlled Petrbras' natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management Inc.

Norwest Achieves Farm-Out of 160MM Barrel Xanadu Prospect
Friday, February 10, 2017 Norwest Energy NL enters agreements to achieve the full farm-out of its 160 million barrel Xanadu TP/15 prospect, located in the offshore northern Perth Basin of Western Australia.

White & Case Advises Saudi Aramco On World's Biggest IPO
Thursday, February 09, 2017 Saudi Aramco appoints international law firm White & Case as legal adviser for its planned initial public offering (IPO), expected to be the world's biggest.

MOL Group Acquires New Licenses in Hungary
Tuesday, February 07, 2017 MOL Group expands its exploration portfolio by acquiring new licenses in Hungary.

Trading Giant Glencore Extends Major Libyan Oil Deal
Monday, February 06, 2017 Glencore extends a deal with Libya's state oil firm to be the sole marketer of one third of the country's current crude oil production, sources familiar with the matter say.

Banking Sources: Shell Looking to Sell Stake in Danish Venture
Monday, February 06, 2017 Royal Dutch Shell is seeking to sell its stake in Denmark's offshore oil and gas consortium for around $1 billion in what would mark the company's effective exit from the country, three banking sources said.

Shell Nears Another $5B In Sales To Ease Debt Load
Thursday, February 02, 2017 Shell is nearing deals to divest $5 billion of assets.

Statoil Completes Sale of Entire Oil Sands Operations in Alberta, Canada
Wednesday, February 01, 2017 Statoil completes the sale of its entire oil sands operations in the Canadian province of Alberta to Athabasca Oil Corporation.

Shell Sells Thailand Gas Field Stake To Kuwait's Kufpec For $900MM
Tuesday, January 31, 2017 Royal Dutch Shell says it will sell its stake in Thailand's Bongkot gas field to Kuwait Foreign Petroleum Exploration Company for $900 million.

Shell To Sell North Sea Assets To Chrysaor For $3.8B
Tuesday, January 31, 2017 Shell agrees to sell a package of oil and gas fields to private equity-backed Chrysaor for $3.8 billion.

Lebanon Relaunches First Oil and Gas Licensing Round
Friday, January 27, 2017 Lebanon relaunches its first oil and gas exploration and production licensing round after a three-year delay.

Albania's State Oil Firm Takes Over Fields From Partner
Thursday, January 26, 2017 Albania's state-owned Albpetrol says it reclaimed two oil zones from its output-sharing partner GBC Oil after it failed to pay Albpetrol more than $20 million.

Nigeria Court Orders Temporary Forfeiture Of Oilfield In Corruption Probe
Thursday, January 26, 2017 A Nigerian court has ordered the temporary forfeiture of assets and the transfer of operations of a long-disputed oilfield owned by Shell and Eni, among others, to the federal government.

Halcon Resources Buys Into Delaware, Permian Basin With $705M Acquisition
Wednesday, January 25, 2017 Independent exploration and production company, Halcon Resources, sells Eagle Ford assets and buys Delaware acreage in the white-hot Permian Basin.

BP to Sell Stake in UKCS Magnus Field, Sullom Voe Terminal
Tuesday, January 24, 2017 BP plc agrees to sell part of its interests in the Magnus oil field and Sullom Voe Terminal (SVT) to EnQuest.

China To Tender More Xinjiang Oil, Gas Blocks To Non-State Firms
Monday, January 23, 2017 China will auction about 30 oil and gas blocks in the northwestern region of Xinjiang this year to investors outside the top state energy firms, state media reported.

Sound Energy Looks to Buy OGIF's Assets in Eastern Morocco
Thursday, January 19, 2017 Sound Energy signs a non-binding heads of agreement for the acquisition of all of Oil & Gas Investment Fund's (OGIF's) assets in Eastern Morocco.

Leviathan Partners Look To Sell 14.8 Bcm of Gas to Israel's Edeltech
Tuesday, January 17, 2017 The partners involved in Israel's giant Leviathan natural gas field enter talks to supply 14.8 billion cubic metres of natural gas over 17 years to Edeltech, an Israeli private power provider.

ExxonMobil's $5.6B Acquisition Validates Permian as Core Operator Strategy
Tuesday, January 17, 2017 ExxonMobil's acquisition of Delaware Basin assets in the Permian represents good shareholder value and validates the industry's acquisition focus on the Delaware.

Brazil May Hold Second Sub-Salt Oil Licensing Round This Year
Tuesday, January 17, 2017 Brazil may hold a second licensing round this year for new oil exploration areas in an offshore region known as the sub-salt.

Russia's Lukoil CEO, His Deputy Sell Shares Worth $16.4 MM
Friday, January 13, 2017 Lukoil's CEO Vagit Alekperov and his deputy Leonid Fedun sell Lukoil shares worth $16.375 million in total.

Anadarko Sells Out of Upstream Eagle Ford in $2.3B Deal
Friday, January 13, 2017 Sanchez Energy and Blackstone Group buy Anadarko Petroleum's remaining Eagle Ford acreage, bringing Anadarko's divestitures to more than $7 billion since early 2016.

Parsley Energy Expands In Permian With $607MM Acquisitions
Tuesday, January 10, 2017 Parsley Energy says it will buy acreage in the Permian Basin for about $607 million.

China's CEFC Agrees With Kazakh State Oil Unit On Stake Transfer
Monday, January 09, 2017 Private group CEFC China Energy has signed a new deal with a unit of Kazakhstan's state oil and gas company owning assets mainly in Europe to go ahead with a stake transfer that was agreed a year earlier.

Lebanon To Restart Oil, Gas Licensing Round After Three-Year Delay
Thursday, January 05, 2017 Lebanon intends to restart its first oil and gas licensing round after a 3-year delay.

Norway Oil Minister Will Continue To Provide New Acreage For Exploration
Thursday, January 05, 2017 Norway must continue to provide energy firms with new opportunities to explore for oil and gas, the country's newly appointed minister of petroleum and energy told Reuters.

New Lebanese Govt OKs Oil Decrees To Start Stalled Tender Process
Wednesday, January 04, 2017 Lebanon's new government passes two decrees concerning oil and gas exploration blocks.

SM Energy To Sell Some Eagle Ford Assets For $800M
Tuesday, January 03, 2017 U.S. oil and gas producer SM Energy Co said on Tuesday it would sell certain assets in the Eagle Ford shale of South Texas to a unit of KKR for $800 million.

Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects
Tuesday, January 03, 2017 The National Iranian Oil Company (NIOC) revealed that several European oil and gas companies will be eligible to bid for the country's new oil and gas projects.

Statoil Increases Byrding Project Interest
Tuesday, January 03, 2017 Statoil announced Tuesday that it has completed a transaction to acquire a 24% interest in the Byrding project, located on the Norwegian Continental Shelf, from Wintershall Norge.


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