News Topics: Property Acquisitions & Divestitures
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Global Petroleum Sees Progress with Licenses
Friday, October 31, 2014 Global Petroleum presses on with license renewals and applications offshore Italy, East Africa and West Africa.
Exoma Energy Withdraws from Galilee JV Exploration Permits in Queensland
Friday, October 31, 2014 Exoma Energy withdraws from the Galilee Joint Venture exploration permits in Queensland, Australia.
Official: Algeria To Hold Oil And Gas Auction Within Weeks
Wednesday, October 29, 2014 Algeria is preparing a new auction of oil and gas blocks, an official says, after the North African country awarded just four of 31 fields last month in the first attempt to lure foreign investors since 2011.
UK Juniors Apply for Isle of Wight License
Wednesday, October 29, 2014 A group of UK-focused junior oil firms submit an application for a license covering an onshore area of the Isle of Wight in the 14th Landward Licence Round.
Eni Opts Out of Heron Area in Timor Sea, Keeps 50% Stake in Blackwood Area
Wednesday, October 29, 2014 Eni withdraws from the Heron Area of permit NT/P68 in the Timor Sea, but retains a 50 percent stake in the Blackwood Area.
Sona Secures $140M Loan for Acquisition of 2 Blocks in Gulf of Thailand
Wednesday, October 29, 2014 Sona Petroleum secures a $140 million loan facility to part finance its acquisition of two blocks in the Gulf of Thailand from Salamander Energy.
Empire O&G Bags 2 Onshore Exploration Blocks in Western Australia
Tuesday, October 28, 2014 Empire Oil & Gas bags two exploration blocks in Western Australia from the state's Department of Minerals and Petroleum.
BHP Billiton Eyes Sale Of US Shale Gas Assets In Profit Drive
Monday, October 27, 2014 BHP Billiton is planning to sell its Fayetteville shale gas assets in the US, in the latest effort to trim its portfolio in the region and focus on more profitable petroleum liquids.
India's ONGC on the Hunt for Overseas Producing Assets
Monday, October 27, 2014 India's Oil and Natural Gas Corporation wants to take advantage of falling oil prices to more than double its overseas output to 400,000 barrels per day by 2018.
Ophir Agrees to Acquire 7 Deepwater Blocks in Indonesia from Niko for $31M
Monday, October 27, 2014 Ophir Energy pens deal to acquire seven deepwater blocks in Indonesia from Niko Resources for $31 million.
Impact Scores a New License off West Africa
Friday, October 24, 2014 Impact Oil and Gas wins a new exploration license covering the AGC Profond block offshore Senegal and Guinea Bissau.
Ophir Energy Expands Offshore Gabon Footprint
Friday, October 24, 2014 Ophir Energy acquires two more blocks for exploration and production offshore Gabon.
Statoil Takes Reins at Offshore AU Permit
Friday, October 24, 2014 Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia.
Mozambique Offers More Gas And Oil Blocks Week After Election
Thursday, October 23, 2014 Mozambique opens up 15 new areas for exploration and production, a week after national elections which are expected to return the ruling Frelimo party to power.
Chariot Opts Not to Pursue License for Namibian Blocks
Thursday, October 23, 2014 Chariot Oil & Gas deems exploration in the northern blocks offshore Namibia too high risk to justify further spending on a new license.
NSE Divests Part of its Interest in Cooper Basin's Permit PEL 570 to Santos
Thursday, October 23, 2014 New Standard Energy divests part of its interest in permit PEL 570 in the Cooper Basin, South Australia to Santos.
Amerisur To Add Exploration License in Colombia
Wednesday, October 22, 2014 Amerisur presents to ANH a request for a partial assignment of interest, rights and obligations in the exploration contract Put-30.
Thailand Plans Feb Auction Of Petroleum Concessions At 29 Blocks
Wednesday, October 22, 2014 Thailand plans to kick off a new auction round next February for petroleum concessions on 29 onshore and offshore blocks in its effort to secure energy supplies, a senior energy ministry official says.
Lakes Oil Bags 2 Offshore Exploration Permits in Gippsland Basin
Tuesday, October 21, 2014 Lakes Oil bags two new exploration permits in the offshore Gippsland Basin, Victoria, Australia.
Cue Energy to Raise Stake in Kutei Basin's Mahakam Hilir PSC to 100%
Tuesday, October 21, 2014 Cue Energy to take full ownership of the Mahakam Hilir production sharing contract in Kutei Basin, Kalimantan, Indonesia by acquiring the remaining 60 percent stake from SPC Mahakam Hilir.
Shell Strikes Sales Deals For Nigerian Assets
Tuesday, October 21, 2014 Shell signs sales agreements for all the Nigerian oil assets it put up for sale following a 2013 review of its business in the West African country, a spokesman says.
Sona to Get MSC's Clearance Soon to Acquire Salamander's Thailand Assets
Monday, October 20, 2014 Sona Petroleum expects to receive clearance soon from the Malaysian Securities Commission to acquire 40 percent in Salamander Energy's two upstream assets in Thailand.
Tanzania To Pick Winners Of Oil, Gas Bids Before Year-End
Friday, October 17, 2014 Tanzania is in final stages of evaluating bids for oil and gas blocks it offered in its latest bidding round and plans to pick the winners before the end of this year, its upstream regulator says.
BOEM to Offer 44 Million Acres Offshore GOM
Thursday, October 16, 2014 BOEM Acting Director Walter Cruickshank announces the bureau will offer nearly 44 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development.
Chesapeake To Sell Oil, Gas Assets For $5.37B
Thursday, October 16, 2014 Chesapeake says it will sell some oil and gas assets in the Marcellus and Utica to Southwestern Energy for about $5.37 billion.
If RWE Unit Sale to Fridman Falters, Hungary's MOL Still Keen
Thursday, October 16, 2014 MOL Group says it is still interested in buying RWE's DEA unit – which holds 190 oil and gas licenses in Europe, the Middle East and North Africa – if its sale to Russian billionaire is not approved.
WHL Gets Seychelles Seismic Data, Farming-out Permit VIC/P67 Off Australia
Thursday, October 16, 2014 WHL Energy receives fast track data from the Junon 3D seismic survery acquired offshore Seychelles and has commenced a farm-out process for Australia's offshore permit VIC/P67.
Gazprom Neft Expands in Orenburg Region of Russia
Wednesday, October 15, 2014 Gazprom Neft completes the acquisition of OOO Yugra-Intek, giving it a license to produce oil in the Kuvaisky licensing area of the Orenburg region of southern Russia.
Eni Signs PSCs for Exploration Blocks 116, 124 Offshore Vietnam
Tuesday, October 14, 2014 Eni signs two production sharing contracts with PetroVietnam for exploration of blocks 116 and 124 offshore Vietnam.
Statoil Exits Shah Deniz Gas Project With Stake Sale To Petronas
Monday, October 13, 2014 Statoil sells 15.5% stake in the Shah Deniz project in Azerbaijan to Petronas for $2.25 billion.
North Sea Deal Activity Down During 3Q
Friday, October 10, 2014 Deal activity in the UK North Sea falls in 3Q 2014, according to new data from Deloitte's Petroleum Services Group.
Faroe Completes Acquisition of Schooner and Ketch Fields
Friday, October 10, 2014 Faroe Petroleum acquires from Tullow Oil majority interests in the Schooner and Ketch fields in the UK zone of the southern North Sea.
Uganda to auction new oil blocks by December
Friday, October 10, 2014 Uganda will auction new oil exploration acreage by December and compensate land owners at the site of a planned crude oil refinery, a government official says.
Encana To Sell Some Natural Gas Assets In Alberta For $541M
Wednesday, October 08, 2014 Encana says it would sell some of its natural gas assets in southern and central Alberta for about C$605 million as it focuses on more lucrative oil and natural gas liquids.
Rex Completes Acquisition of Stakes in 2 Licenses Offshore Norway
Wednesday, October 08, 2014 Rex completes acquisition of a 5 percent stake each in licenses PL591 and PL591B offshore Norway from North Energy.
Ivory Coast To Seek Investors For Deepwater Oil Blocks
Tuesday, October 07, 2014 Ivory Coast will seek investors in its available offshore oil acreage at a promotional event in Texas next week, a senior oil ministry official says.
Analysts: Oxy Sale Of Bakken Assets Would Make Strategic Sense
Tuesday, October 07, 2014 Any sale of Occidental's roughly 330,000 acres in North Dakota's oil-rich Bakken shale formation would make strategic sense for the company, which is likely eager to strike a deal, analysts say.
Chevron Sells 30% In Canadian Shale Assets For $1.5B
Monday, October 06, 2014 Chevron says it would sell a 30% stake in its Duvernay shale properties in Canada to Kuwait Foreign Petroleum Exploration Co. for $1.5 billion.
Petrosen Draft: Kosmos To Buy Into Senegal Offshore Blocks For $400M
Monday, October 06, 2014 Kosmos Energy is set to sign a $400 million "farm-in" agreement with Petrosen and Timis Corp to take a 60% stake in the Cayar and St. Louis offshore blocks that they operate.
Faroe Wins Irish Licensing Options
Monday, October 06, 2014 Faroe Petroleum wins three licensing options from the Irish government covering a shallow water area off the southern coast of Ireland in the Celtic Sea.
Kosmos to Buy into Senegal Offshore Blocks for $400M
Saturday, October 04, 2014 Kosmos Energy is set to spend $400 million on a farm-in deal to take a 60-percent stake in the Cayar and St Louis blocks, offshore Senegal, according to a draft Petrosen document.
Kommersant: Russia's Lukoil Sells its Stake in Venezuela Project to Rosneft
Friday, October 03, 2014 Lukoil sells its 20-percent state in a consortium developing a large oil project in Venezuela to its Russian peer, Rosneft.
Queensland Government Seeks Bids to Explore 2 Blocks in Bowen Basin
Friday, October 03, 2014 The Queensland state government issues a tender inviting firms to explore for petroleum and gas resources in the Bowen Basin of central and south-west Queensland, Australia.
Occidental's Board Approves Spin-Off Of California Unit
Thursday, October 02, 2014 Occidental Petroleum says its board of directors has approved the spin-off of its California oil and natural gas business to its shareholders.
Edgo Energy Signs PSA for Qarordon, Surkhsimo Blocks in Tajikistan
Wednesday, October 01, 2014 Edgo Energy signs production sharing agreements for Qarordon and Surkhsimo blocks in Tajikistan.
Dragon Oil, Enel Secure 2 Exploration Blocks in Algeria
Wednesday, October 01, 2014 Dragon Oil and Enel secure two exploration blocks - the Tinrhert Nord Perimeter and Msari Akabli Perimeter - in Algeria.
Apache Decides Not to Farm-in to AC/P50, AC/P51 Permits in Australia
Wednesday, October 01, 2014 Apache Northwest decides not to exercise option to farm-in to AC/P50 and AC/P51 exploration permits in the Vulcan Sub-Basin offshore northern Australia.
Algeria Awards 4 Out Of 31 Oil, Gas Blocks On Offer
Tuesday, September 30, 2014 Algeria awards four of 31 oil and gas field blocks on offer to foreign consortiums in its first attempt since a disappointing 2011 bid to draw investors to help offset its stagnate production.
BSO Completes Sale of Otway Basin Permits PEP 167, 175, Re-engages CEO
Tuesday, September 30, 2014 Bass Strait Oil completes sale of Otway Basin permits PEP 167 and PEP 175, while re-engaging Steven Noske as CEO.
Murphy Oil To Sell Nearly A Third Of Malaysian Assets For $2B
Tuesday, September 30, 2014 Murphy Oil says it would sell 30% of its oil and gas assets in Malaysia for $2 billion in cash to Pertamina as it cuts overseas holdings to focus on an improving home market.
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