News Topics: Property Acquisitions & Divestitures
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Drillsearch Farms Out 45% Stake in Permit ATP 924P in Cooper Basin
Tuesday, July 29, 2014 Drillsearch farms out 45% stake in permit ATP 924P in the south west Queensland section of the Cooper Basin to Beach Energy.
Peak O&G Reaches Conditional Deal With Cadco in Dispute Over Cadlao Project
Tuesday, July 29, 2014 Peak Oil & Gas reaches conditional settlement with Cadco in a dispute over the farm-in agreement to the Cadlao Redevelopment Project in Service Contract 6 offshore the Philippines.
UK Announces 14th Onshore Licensing Round
Monday, July 28, 2014 UK Energy Minister Matthew Hancock announces the country's 14th Landward Licensing Round.
Lime Petroleum Relinquishes 3 Norwegian Licenses in the North Sea
Friday, July 25, 2014 Lime Petroleum relinquishes three Norwegian licenses, located offshore in the North Sea.
Reach Energy Plans to Acquire an Upstream Asset Within 2 Years of IPO
Friday, July 25, 2014 Reach Energy intends to acquire its first upstream oil and gas asset within two years of its initial public offering on Bursa Malaysia.
Sources: Eni to Revive Saipem Sale Plans
Friday, July 25, 2014 The new management of Italy's Eni plans to press on with the sale of a controlling stake in oil services subsidiary Saipem so it can focus on the more lucrative business of finding oil and gas, sources said.
Northern Petroleum Awarded Two Permits in Italy
Thursday, July 24, 2014 Northern Petroleum is awarded two permits, one onshore and one offshore, in Italy.
Oil Companies Begin Bidding For Blocks In Colombia Auction
Wednesday, July 23, 2014 Colombia begins block auction in an effort to raise output from around 1 million barrels per day and increase stagnant reserves.
Gabon Picks Seven Companies For Final Oil Block Talks
Monday, July 21, 2014 Gabon selects seven companies for a final round of negotiations as part of an offshore licensing round the government hopes will reverse a chronic decline in output, the country's oil ministry says.
Asian, Western Firms Bid for UAE Oilfields
Monday, July 21, 2014 Asian and western oil firms bid for the opportunity to take part in operating the United Arab Emirates' biggest oilfields after a deal with oil majors fell through earlier this year.
Salamander Inks Deal to Sell 40% Stake in 2 Blocks to Sona Off Thailand
Monday, July 21, 2014 Salamander Energy inks a sale and purchase agreement to dispose of 40 percent stake in B8/38 and G4/50 concessions in the Gulf of Thailand.
Sources: Murphy Oil's Malaysia Assets Draw Interest From Mitsubishi, ONGC
Friday, July 18, 2014 Mitsubishi submits a non-binding bid to buy Murphy Oil's Malaysian oil and gas assets valued at about $2.5 billion, a person familiar with the matter tells Reuters.
Larne Signs Farm-In Option Deal for NI License
Friday, July 18, 2014 Larne Oil and Gas signs a farm-in option contract with respect to two licenses in Northern Ireland.
Eco Atlantic to Farm-out Stake in Block 2012A Off Nambibia to Tullow Kudu
Friday, July 18, 2014 Eco Atlantic signs agreement with Tullow Oil's subsidiary Tullow Kudu to farm-out up to 40 percent stake in Block 2012A in the Walvis Basin, offshore Namibia.
BOEM to Offer 21 Million Acres in Next GOM Lease Sale
Thursday, July 17, 2014 Western Gulf of Mexico Lease Sale 238 on Aug. 20 will be the sixth offshore sale under the Administration's Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017.
Brightoil Eyes Upstream as Long-term Growth Driver after Bohai Buy
Wednesday, July 16, 2014 Brightoil expects its upstream business to be the key long-term growth driver for the group following its acquisition of oil blocks in China's Bohai Bay.
Leni Signs Deal to Acquire Trinidad Field
Wednesday, July 16, 2014 Leni Gas and Oil signs a deal that will see it add the Trinity-Inniss field to its onshore Trinidad production.
Rawson to Shortlist Firms to Farm-out 2 Exploration Blocks in Otway Basin
Tuesday, July 15, 2014 Rawson Resources to shortlist companies for the farm-out of exploration licenses PEL 154 and PEL 155 in Otway Basin, South Australia.
Lakes Oil to Acquire 100% Stake in PEPs 167, 175 in Victoria's Otway Basin
Monday, July 14, 2014 Lakes Oil inks agreement with Bass Strait Oil to acquire 100 percent interest in PEP 167 and PEP 175 in Otway Basin, Victoria, Australia.
Woodside Agrees to Acquire 70% Interest in Lake Tanganyika South Block
Monday, July 14, 2014 Woodside agrees to acquire a 70 percent interest in Lake Tanganyika South Block in western Tanzania.
Russia's Rosneft Agrees to Buy Weatherford's Russian, Venezuelan Assets
Sunday, July 13, 2014 Rosneft agrees to buy the Russian and Venezuelan drilling and well-servicing assets of Weatherford International.
Chesapeake Faces Trial On Bid-Rigging In Michigan Lease Sale
Thursday, July 10, 2014 A judge in Michigan has ruled that Chesapeake must face a criminal trial on a charge of bid-rigging with competitor Encana at a 2010 state land lease auction.
NZOG to Explore for Unconventional Oil, Gas Resources in Central Sumatra
Wednesday, July 09, 2014 New Zealand Oil & Gas partners Bukit Energy and Pacific Oil & Gas to explore for unconventional oil and gas resources in Central Sumatra, Indonesia.
Hibiscus Ups Stakes in VIC/L31, VIC/P57 Licenses in Gippsland Basin
Tuesday, July 08, 2014 Hibiscus Petroleum raises stakes in VIC/L31 production license and VIC/P57 exploration permit in Australia's Gippsland Basin.
Chevron Leaves Lithuania As Shale Gas Prospects Remain Uncertain
Tuesday, July 08, 2014 Chevron divests its assets in Lithuania and pulls out of the country.
Petroceltic Completes Sale of Stake in Algerian PSC
Tuesday, July 08, 2014 Petroceltic International completes the sale of an 18.375-percent interest in the Isarene production sharing contract in Algeria to Sonatrach.
Rice Acquires Marcellus Assets from Chesapeake
Monday, July 07, 2014 Rice Energy signs a definitive purchase and sale agreement to acquire approximately 22,000 net acres and 12 developed Marcellus wells in western Greene County, Pennsylvania, from Chesapeake and partners.
Lundin Petroleum Sells 15% Interest in PL359 to Wintershall Norge
Friday, July 04, 2014 Lundin Petroleum sells 15 percent interest in production license 359 offshore Norway to Wintershall Norge.
Woodside to Farm-in to Chariot's Rabat Deep Permits Offshore NW Morocco
Friday, July 04, 2014 Woodside finalizes an agreement with Chariot Oil & Gas to farm-in to the Rabat Deep permits in the prospective Doukkala Basin offshore north western Morocco.
Colombia's Ecopetrol Buys Stake In Angolan Blocks
Thursday, July 03, 2014 Ecopetrol buys a 10% stake in two blocks off the coast of Angola as part of an effort to diversify its portfolio.
Oil Basins Gets NOPTA's Approval to Acquire 25% Stake in Permit Vic/P47
Thursday, July 03, 2014 Oil Basins receives approval from the National Offshore Petroleum Titles Administrator for its acquisition of a 25 percent interest in permit Vic/P47 offshore Gippsland, Australia.
Total in Talks with PetroChina to Sell China Refinery Stake
Wednesday, July 02, 2014 Total is in talks with PetroChina about selling its stake in a Chinese refinery after nearly two decades of investment.
KrisEnergy Acquires Premier Oil's Stake in Sumatra's Block A Aceh for $40M
Tuesday, July 01, 2014 KrisEnergy acquires Premier Oil's stake in Block A Aceh production sharing contract in Sumatra, Indonesia for $40 million.
Greece Promises Tax Cut To Attract Oil And Gas Majors
Tuesday, July 01, 2014 Greece is planning to cut tax rates for oil and gas companies as it wants to attract them to help exploit its untapped offshore hydrocarbon resources, its energy minister says.
Way Clear for Origin Energy to Acquire Karoon's Stakes in 2 Permits Off WA
Tuesday, July 01, 2014 Karoon discloses that the way is clear for Origin Energy to acquire its interest in permits WA-315-P and WA-389-P in the Browse Basin offshore Western Australia.
Devon To Sell Oil And Gas Assets To Linn Energy For $2.3B
Monday, June 30, 2014 Devon Energy says it will sell all of its non-core US oil and gas properties to Linn Energy for $2.3 billion.
MOL Boosts North Sea Portfolio through Acquisition of 6 Licenses
Monday, June 30, 2014 Hungary's MOL Group buys six licenses from Premier Oil, boosting its North Sea portfolio.
Planet Gas Updates on Permit PEL 514 Farm-out in SA to Origin, Senex
Monday, June 30, 2014 Planet Gas updates on its farm out of permit PEL 514 in Cooper Basin in South Australia to Origin Energy and Senex Energy.
Eni Signs Agreement to Explore Block 122 in Phu Khanh Basin Off Vietnam
Friday, June 27, 2014 Eni signs agreement with PetroVietnam to explore Block 122 in the Phu Khanh Basin, offshore Vietnam.
Encana To Sell Bighorn Assets For About $1.8B
Friday, June 27, 2014 Encana agrees to sell its Bighorn operations in Canada to Jupiter Resources, which includes about 360,000 acres of land.
Petrobras Offshore Oil Rights May Cost 50% More Than Expected
Friday, June 27, 2014 Petrobras may have to pay as much as $10 billion by 2018, or 50 percent more than first announced, for new offshore oil rights that a cash-hungry government decided to sell the state-run oil company.
Det Norske, E.ON Swap Offshore Norway Assets
Thursday, June 26, 2014 Det norske oljeselskap agrees to swap assets with E.ON E&P Norge in order to increase its exposure to the Ivar Aasen deposit in the North Sea.
Blue Energy Wins Award of 4 Exploration Permits in Cooper Basin, Queensland
Thursday, June 26, 2014 Blue Energy wins award of 4 exploration permits in the Cooper Basin in Queensland, Australia.
Sona, Salamander Extend Period to Complete Sale of Thai Upstream Assets
Thursday, June 26, 2014 Sona Petroleum and Salamander Energy extend exclusivity period for the sale of a 40% stake in 2 oil and gas blocks in the Gulf of Thailand to the end of July.
GulfSlope Energy Scoops Up 21 Leases in GOM Sale
Wednesday, June 25, 2014 GulfSlope Energy receives notice of award that it has completed all requirements for 21 offshore lease blocks for which it was the high bidder at offshore lease sale 231.
Eni Awarded New Algerian Permits
Wednesday, June 25, 2014 Algeria awards Italy's Eni three new pemits to carry out prospecting activities in two basins in the south of the country.
Apache Signs Option Deal to Farm-in to 2 Permits Offshore North Australia
Wednesday, June 25, 2014 MEO Australia executes a binding option agreement allowing Apache Northwest to acquire a 70% stake in permits AC/P50 and AC/P51 in Vulcan Sub-Basin off northern Australia.
NZEC Relinquishes Castlepoint, Wairoa Permits in NZ's East Coast Basin
Tuesday, June 24, 2014 New Zealand Energy Corp. relinquishes the Castlepoint and Wairoa permits in the East Coast of New Zealand's North Island.
Brazil Gives Petrobras Subsalt Production Rights, Shares Fall
Tuesday, June 24, 2014 Brazil plans to sign over additional production rights to four fields that hold an estimated 10 to 14 billion barrels of oil directly to Petrobras, the National Energy Policy Council says.
Parties in Hibiscus' Australian Asset Acquisitions to Ink Deals Soon
Tuesday, June 24, 2014 Hibiscus Petroleum reports that the parties involved in its acquisition of upstream assets in Australia hope to ink the agreements within the next 2 weeks.
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