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News Topics: Property Acquisitions & Divestitures

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Myanmar to Sign PSCs for Onshore Blocks Awarded in 2013 in Mid-May
Thursday, April 24, 2014 Myanmar expects to sign production sharing contracts awarded under onshore blocks bidding round 2013 in mid-May, a ministry official says.

Nido Prepares to Drill Baragatan-1 Well in SC63 in Palawan Basin in May
Thursday, April 24, 2014 Nido Petroleum discloses that preparations to drill the Baragatan-1 well in Service Contract 63 in north west Palawan Basin offshore the Philippines in May is in the final stages.

BP Sells Interests in Four North Slope Assets
Wednesday, April 23, 2014 BP announces that it has agreed to sell interests in four of its Alaska North Slope assets to Hilcorp.

PTTEP's Subsidiaries to Acquire Hess' Thai Upstream Assets for $1B
Wednesday, April 23, 2014 PTTEP's subsidiaries sign deal to acquire Hess' stakes in the Contract 4 Project in the Gulf of Thailand and in the Sinphuhorm project.

Technip Inks Deal to Sell 75% Stake in Seamec to HAL Offshore for $40M
Wednesday, April 23, 2014 Technip enters into an agreement to sell up to 75 percent stake in India-based diving support vessel provider Seamec to HAL Offshore for around $40 million.

Rosneft Says Discusses Oil, Gas Projects in Mozambique
Tuesday, April 22, 2014 Rosneft discusses the possibility of becoming involved in Mozambican oil and gas projects.

RH Petrogas Reduces Stake in Block SK331 in Sarawak
Monday, April 21, 2014 RH Petrogas's unit sells 49% of its stake in RHP Mukah, the operator of Block SK331 in Sarawak, Malaysia, to Tumbuh Tiasa Enterprises.

Vanguard Energy to Sell Texas Field
Friday, April 18, 2014 Vanguard Energy enters an agreement to sell all of Vanguard's working interests and related equipment at its only operating field, the Batson Dome Field.

Athabasca Sells Stake In Oil Sands Project To Partner PetroChina
Thursday, April 17, 2014 Athasbasca exercises an option to sell its 40% stake in the planned Dover oil sands project to its partner PetroChina for $1.20B after the project received final approvals.

Providence Offered Upgrade to its Newgrange Licensing Option
Thursday, April 17, 2014 Providence Resources is offered the opportunity to convert its Newgrange licensing option, offshore Ireland, into a Frontier Exploration Licence.

Ophir Gets Formal Approval to Farm-in to WHL's Offshore Seychelles Block
Wednesday, April 16, 2014 WHL Energy reveals that the Seychelles government has formally approved Ophir Energy's farm-in to its offshore Seychelles exploration project area.

Ruspetro Gets 20-Year Extension to Vostochno-Inginsky License
Tuesday, April 15, 2014 Ruspetro sees its Vostochno-Inginsky license in the Western Siberia extended to 2034.

Lukoil Sells Interest in Kazakhstan Projects to Sinopec
Tuesday, April 15, 2014 Russia's Lukoil sells stakes in four Kazakhstani hydrocarbon production projects to China's Sinopec.

France's Total Calls Time on Polish Shale License
Monday, April 14, 2014 France's Total chooses not to renew its only shale gas exploration license in Poland, according to a company spokesman.

BW Offshore Gives Up Polvo Field Stake
Monday, April 14, 2014 BW Offshore chooses to terminate letter of intent that would have allowed it to acquire 30 percent of the Polvo field, offshore Brazil.

Angola To Launch Tender For 10 New Onshore Oil Blocks On May 30
Monday, April 14, 2014 Angola will start the tender process for onshore oil exploration at 10 new blocks in the Congo Basin and Kwanza Basin on May 30, state oil firm Sonangol says.

UAE Energy Minister Hopes Western Partners Keep Oilfields Role
Friday, April 11, 2014 UAE Energy Minister hopes Western firms in charge of Abu Dhabi’s biggest oilfields would continue to keep a role, but that no firm will automatically retain concessions when they come up for renewal.

Bass Strait Oil Begins Divestment Process for its Gippsland Basin Assets
Thursday, April 10, 2014 Bass Strait Oil begins formal divestment process for its offshore Gippsland Basin portfolio offshore Victoria, Australia, comprising permits Vic/P41 and Vic/P68.

Australia Invites Bids for 30 Offshore Exploration Blocks
Wednesday, April 09, 2014 Australia's Department of Industry invites bids for 30 blocks under the 2014 Offshore Petroleum Exploration Acreage Release.

Government Awards Exploration Permit WA-497-P off Western Australia to AWE
Wednesday, April 09, 2014 The Australian government awards permit WA-497-P offshore Western Australia to AWE as part of the 2013 Offshore Petroleum Exploration Acreage Release.

Strike Energy Assumes Full Interest in PEL 96 in South Australia
Tuesday, April 08, 2014 Strike Energy assumes full interest in permit PEL 96 in South Australia after Australian Gasfields failed to rectify its non-payment of a joint venture cash call.

Kea Farms out Puka Permit, Onshore New Zealand
Monday, April 07, 2014 Junior explorer Kea Petroleum farms out its PEP 51153 license, which includes the Puka discovery, onshore New Zealand.

Thai PTTEP Signs Petroleum Exploration Deal with Brazil's BG
Friday, April 04, 2014 PTTEP signs an agreement with BG E&P Brasil for a 25-percent stake in four deep-water blocks in Brasil.

Specialist Subsea Services Buys New FMC ROVs
Friday, April 04, 2014 Specialist Subsea Services (S3) announces the purchase of two new ROVs from FMC Technologies Schilling Robotics.

WHL Receives Nod to Farm Out 75% Stake in Seychelles Block to Ophir
Friday, April 04, 2014 WHL Energy receives regulatory approval for the farm-out of a 75% interest in its Seychelles exploration block to Ophir Energy.

Green Dragon Gas Inks Deal with CNOOC's Unit CUCBM for 5 PSCs in China
Thursday, April 03, 2014 Green Dragon Gas enters into an agreement with China United Coalbed Methane Corporation regarding five production sharing contracts in China.

OMV Enters Namibian Exploration Project
Thursday, April 03, 2014 Austria's OMV enters offshore Namibia to take part in exploration project.

MOG Awarded Costs after Court Victory
Thursday, April 03, 2014 Leni Gas & Oil is ordered to pay all Mediterranean Oil & Gas's legal costs following the failure of Leni's case against MOG over the 2012 Maltese license deal between the two firms.

Statoil Farms down Angola Pre-Salt Block to Genel
Thursday, April 03, 2014 Statoil farms down a 15% interest in pre-salt block 39, offshore Angola, to a joint venture involving Genel Energy.

France's Total Gets Rights to Explore Russian Shale Oil
Thursday, April 03, 2014 Total secures the rights to explore shale oil blocks in West Siberia, according to an official.

New Zealand Launches 2014 Block Offer for Petroleum Exploration
Wednesday, April 02, 2014 New Zealand launches the country's third Block Offer for petroleum exploration, comprising 8 onshore and offshore exploration permits.

Croatia Launches First Offshore Licensing Round
Wednesday, April 02, 2014 Croatia's Minister of Economy Ivan Vrdoljak officially opens Croatia's first offshore license round.

Empire O&G Withdraws from EP 437 in Perth Basin, Appoints Ken Aitken as CEO
Tuesday, April 01, 2014 Empire Oil & Gas withdraws from permit EP 437 in the onshore Perth Basin, Western Australia.

Roc Oil Acquires 50% Interest in a PSC offshore Malaysia
Tuesday, April 01, 2014 Roc Oil acquires a 50% interest in a production sharing contract comprising three fields offshore Malaysia.

Nido Terminates SPAs with Colossal for Upstream Assets in the Philippines
Monday, March 31, 2014 Nido Petroleum announces that termination of sale and purchase agreements inked with Colossal Petroleum for some of its upstream assets offshore the Philippines.

Encana To Sell Nat Gas Assets To TPG Capital For $1.8B
Monday, March 31, 2014 Encana says it will sell some natural gas assets in Wyoming's Jonah field to a TPG Capital affiliate, as it focuses on regions rich in oil and natural gas liquids.

Apache To Sell Western Canada Assets In Liquids Push
Monday, March 31, 2014 Apache says it would sell natural gas assets in western Alberta and British Columbia to focus on more lucrative liquids production.

Cooper Energy Acquires 65% Interest in BMG Project in Gippsland Basin
Monday, March 31, 2014 Cooper Energy acquires 65% interest in Basker-Manta-Gummy gas and liquids project in the Gippsland Basin offshore Australia.

Top Chinese Oil Firm CNPC To Participate In Mexico Oil Opening
Friday, March 28, 2014 CNPC will compete for future oil and gas development rights in Mexico, a top company executive says, which could happen as soon as the end of this year.

Statoil Gets Nod To Take Vale's Stake In Brazil Blocks
Friday, March 28, 2014 Brazil approves Statoil's acquisition of a stake in an offshore oil concession from Vale.

Mexico Plans A Mix Of Areas For First International Oil Tender
Friday, March 28, 2014 Mexico will offer up a geological mix of prospective oil blocks when it launches its first international public tender as part of a landmark energy reform, a top Energy Ministry official says.

Oil Search Fights Sale Of PNG Gas Field Stake To France's Total
Friday, March 28, 2014 Oil Search issues a notice of dispute to an InterOil entity pursuant to the Elk/Antelope PRL 15 joint venture agreement in Papua New Guinea.

Sources: Nigeria's Taleveras, Aiteo Bid $2.85B For Shell Block
Friday, March 28, 2014 Taleveras and Aiteo have made the highest bid for the biggest of 4 Shell assets up for sale, but the oil major is holding out while it tries to persuade them to team up with Seplat.

Myanmar Expects Next Bidding Round for Offshore Blocks in 2015
Thursday, March 27, 2014 Myanmar expects the next bidding round for offshore oil and gas exploration blocks to take place at the earliest 12-18 months from now, a deputy energy minister says.

Myanmar Awards Block M07 in Moattama Basin to Tap Oil and its JV Partners
Thursday, March 27, 2014 Tap Oil reports that it has been awarded shallow water Block M07 in the Moattama basin, offshore Myanmar by the Ministry of Energy in Myanmar.

Lucas Energy To Farm Out Eagle Ford Acreage
Wednesday, March 26, 2014 Lucas Energy announces an LOI with a private independent operator to farm out acres on its Karnes County Eagle Ford leasehold.

Trial over Malta Dispute to Deliver Judgment Thursday
Wednesday, March 26, 2014 London's Commercial Court will deliver its judgment Thursday in the case regarding 2012's Malta Area 4 license deal between Mediterranean Oil & Gas and Leni Gas & Oil.

Australia's NSW Government Freezes Coal Seam Gas Exploration Licenses
Wednesday, March 26, 2014 How coal seam gas exploration licenses are granted in the Australian state of New South Wales is set for a major overhaul.

Total Seals Deal for Smaller Stake in Papua New Guinea Bloc
Wednesday, March 26, 2014 French oil giant Total agrees to buy a 40-percent stake in Papua New Guinea's largest undeveloped gas field from InterOil Corp.

Shell, Statoil, Total, Others Win Myanmar Oil, Gas Exploration Blocks
Wednesday, March 26, 2014 International oil majors including Shell, Statoil, ConocoPhillips and Total win rights to explore for oil and gas off Myanmar, according to the Southeast Asian country's Ministry of Energy.

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