News Topics: Property Acquisitions & Divestitures
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Ministry of Energy Awards Exploration Block 44 in Zambia to Swala Energy
Thursday, September 18, 2014 The Ministry of Energy awards exploration rights in Block 44 in Zambia to Swala Energy.
Genie's Unit Signs Agreement for More Oil Shale Exploration in Mongolia
Wednesday, September 17, 2014 Genie Energy's subsidiary signs agreement for additional oil shale exploration in Mongolia.
Bill Barrett To Sell Gas Assets, Buy Oil Properties
Tuesday, September 16, 2014 Bill Barrett Corporation plans to exchange most of its acreage in Wyoming's Powder River Basin for oil-producing assets in Colorado.
Apache Seeks To Sell Some Alberta Oil Properties
Tuesday, September 16, 2014 Apache says it plans to sell some of its oil and gas properties in Western Canada as it continues to winnow its portfolio of international assets.
Brazil To Hold Oil Rights Auction In First Half Of 2015
Monday, September 15, 2014 Brazil will hold the 13th round of its oil rights auctions in the first half of next year, a senior mines and energy ministry official says.
Oil Min: Congo Preparing Tender For Several Oil Blocks
Monday, September 15, 2014 Democratic Republic of Congo plans to issue a tender for oil blocks in its western coastal basin, its oil minister says, as it seeks to boost investment in the sector.
China Rongsheng Completes Acquisition of Stakes in Kyrgyzstan's Oil Fields
Friday, September 12, 2014 China Rongsheng Heavy Industries completes acquisition of Central Point Worldwide, which holds stakes in four oil fields in Kyrgyzstan.
Statoil Sells Norway Assets to Wintershall
Friday, September 12, 2014 Statoil farms down its Aasta Hansteen, Asterix and Polarled fields, while exiting its Vega and Gjoa fields in order to increase "flexibility".
Norway Wins Interest from 47 Oil Firms in Licensing Round
Thursday, September 11, 2014 Norway receives applications from 47 energy firms, including most majors operating in the country, for oil and gas licenses in mature areas.
CNOOC Invites Bids for 33 Exploration Blocks Offshore China
Thursday, September 11, 2014 CNOOC invites foreign companies to bid for 33 oil and gas exploration blocks located offshore China.
Senex Agrees to Swap Surat Basin Gas Assets in Queensland with QGC JV
Thursday, September 11, 2014 Senex Energy agrees to swap its gas assets in Surat Basin, Queensland, Australia with the QGC joint venture.
Maersk Tests Water For Angola Oil Sale-Jyllands Posten
Tuesday, September 09, 2014 Maersk Oil is testing the water for the sale of a significant part of its stake in the deepwater Chissonga project in Angola, Jyllands Posten reports.
Encana To Raise C$2.6B In Sale Of PrairieSky Stake
Monday, September 08, 2014 Encana will sell its remaining stake in PrairieSky Royalty in a C$2.6 billion ($2.37 billion) deal as it continues to raise funds to increase oil production.
Sasol Eyes Angola, Ghana and Tanzania Opportunities
Monday, September 08, 2014 South Africa's Sasol is eyeing potential expansion into Angola, Ghana and Tanzania but Mozambique remains its immediate focus, says its chief executive.
Official: BP, CNPC Raise Shares in Iraq's Rumaila Oilfield
Sunday, September 07, 2014 BP and China's CNPC raise their stakes in a joint venture formed to develop the Rumaila oilfield.
Statoil Farms into Repsol Licenses, Offshore Colombia
Friday, September 05, 2014 Norway's Statoil agrees to farm into two Repsol licenses offshore Colombia.
Gulfsands' Acquisition of Chorbane Interests Approved
Friday, September 05, 2014 Gulfsands Petroleum's acquisition of its minority interests in the Chorbane permit, onshore Tunisia is approved by the country's authorities.
Tullow Sells Dutch Gas Assets to Mercuria Energy
Friday, September 05, 2014 Tullow Oil agrees to sell its gas assets in Netherlands blocks L12, L15, Q4 and Q5 for $81.1 million to Mercuria Energy Group.
ERM Power to Sell West Australian Gas Assets to Empire O&G for $15M
Monday, September 01, 2014 ERM Power agrees to dispose of its Western Australian gas assets to Empire Oil & Gas for $15.26 million.
Santos Acquires 25% Stake in Sabah's Deepwater Block S from Inpex
Monday, September 01, 2014 Inpex agrees to transfer 25 percent interest in deepwater Block S offshore Sabah, Malaysia to Santos.
Crew Energy To Sell Alberta Assets For C$150M
Thursday, August 28, 2014 Crew Energy says it would sell its liquids-rich assets in Princess, Alberta for C$150 million to focus on the development of its core Montney properties in British Columbia.
Shell Sells Some Nigerian Onshore Oil Fields
Wednesday, August 27, 2014 Shell says it has reached deals on some of the four Nigerian oil fields it has offered for sale as the oil major pushes ahead with divesting global assets to cut costs.
Strike Energy Secures Block CO2013-B in South Australia's Cooper Basin
Wednesday, August 27, 2014 Strike Energy secures Block CO2013-B in South Australia's Cooper Basin exploration acreage released by the state government.
Australia's Northern Territory Government Awards EP145 to Trident Energy
Wednesday, August 27, 2014 Trident Energy receives the grant of permit EP145 in Australia's Northern Territory from the authorities, paving the way for Mosman Oil and Gas to acquire the firm.
Hibiscus Clears Australian FIRB's Hurdle to Take 25% Stake in Kitan Field
Friday, August 22, 2014 Hibiscus Petroleum moves nearer to completing its acquisition of a 25 percent stake in Kitan oil field after Australia's Foreign Investment Review Board raised no objections.
AziPac to Acquire 25% Stake in Block 127 in Vietnam's Phu Khanh Basin
Friday, August 22, 2014 AziPac agrees to acquire 25 percent interest in Block 127 production sharing contract in the Phu Khanh Basin, offshore Vietnam from Mitra Energy.
China Rongsheng Acquires Stakes in Kyrgyzstan's Oil Fields for $282M
Friday, August 22, 2014 China Rongsheng Heavy Industries acquires 60 percent interest in Central Point Worldwide for $282 million, giving it stakes in four oil fields adjacent to the Fergana Valley in Kyrgyzstan.
Atlantic Farms Out PL528 Stake to Repsol
Friday, August 22, 2014 Repsol has agreed to buy a 6% stake in Norwegian production license PL528/528b from Atlantic Petroleum.
Talisman To Proceed With Kurdistan Sale Despite Big Oil Find
Friday, August 22, 2014 Talisman says it still plans to sell its oil properties in Iraq's Kurdistan region, even after its partner announced a massive oil discovery on its properties.
3D Oil Completes Sale of a 20% Stake in Otway Basin's T/49P Permit
Thursday, August 21, 2014 3D Oil completes the sale of 20 percent stake in T/49P exploration permit in Otway Basin, offshore Tasmania, Australia to Beach Energy.
Basis Point: Petrovietnam Seeking $1.8B Loan for Murphy Oil Malaysia Stake
Thursday, August 21, 2014 Petrovietnam is in talks with banks for a seven-year loan of up to $1.8 billion to back its bid to buy a stake in Murphy Oil's Malaysian oil and gas assets, Thomson Reuters publication Basis Point reports, citing sources.
Inpex to Transfer 1.2% Interest in Ichthys LNG Project to Kansai Electric
Wednesday, August 20, 2014 Inpex agrees to transfer 1.2 percent of its equity interest in the Ichthys liquefied natural gas project offshore Western Australia to Kansai Electric Power Co.
Lower Tertiary Trend Remains Focus of Western Gulf Bidding
Wednesday, August 20, 2014 Operators focus bidding on Lower Tertiary and US-Mexico transboundary tracts in BOEM's Western Gulf of Mexico Lease Sale 238.
Cashed-up Woodside Petroleum Sees Juicier M&A Prospects
Wednesday, August 20, 2014 Woodside Petroleum, armed with $4.3 billion to spend to fill a gap in its growth prospects, sees the chance of snaring an acquisition improving as rivals step up asset sales and competing bidders dwindle.
Norway To Award Oil Licenses In New Offshore Areas In 2016
Tuesday, August 19, 2014 Norway will award oil and gas licenses in new offshore areas, including in an important Arctic zone bordering Russia, in the first half of 2016, the oil and energy ministry says.
Hibiscus' CHPL Exercise Option to Acquire Permit VIC/L31 in Gippsland Basin
Monday, August 18, 2014 Hibiscus Petroleum's unit Carnarvon Hibiscus exercises option to acquire the remaining interest in permit VIC/L31 in the Gippsland Basin off Victoria, Australia from 3D Oil for $14.05 million.
MEO Further Extends Notice Dates for Eni's Farm-in to Permit NT/P68
Friday, August 15, 2014 MEO Australia agreed to further extend the notice dates for Eni Australia to farm-in to permit NT/P68 in the Timor Sea, off northern Australia.
Sources: Linn Energy Taps Banks For $2B Oil Asset Sale
Friday, August 15, 2014 Linn Energy hires banks to sell its oil production assets in the Texas Panhandle and western Oklahoma in an auction that could raise as much as $2 billion, according to people familiar with the matter.
Eland Agrees to Buy 40% Interest in Ubima Field
Friday, August 15, 2014 Eland Oil & Gas agrees to buy a 40-percent interest in Nigeria's Ubima field from Allgrace Energy.
Petronas Signs PSC for Offshore Block F14 in Southern Gabon
Friday, August 15, 2014 Petronas signs a production sharing contract for Block F14 offshore southern Gabon.
Reach Energy Whets Investor Appetite for Malaysian SPACs
Friday, August 15, 2014 Reach Energy, set up by veterans in Malaysia's oil and gas industry, made its market debut in Kuala Lumpur after completing the country's largest-ever initial public offering by a special purpose acquisition company (SPAC.)
AWE to Farm-in for 40% Interest in Bohai Bay's Block 09/05
Thursday, August 14, 2014 AWE to acquire 40 percent interest in Block 09/05 in Bohai Bay, offshore China from Roc Oil.
Fastnet Improves Farm-in Options for its Deep Kinsale Prospect
Thursday, August 14, 2014 Irish explorer Fastnet Oil & Gas extends its option agreement with a Petronas subsidiary to farm into its Deep Kinsale Prospect, offshore Ireland.
Source: Petrovietnam Eyes Stake in Murphy Oil's Malaysian Assets
Thursday, August 14, 2014 Petrovietnam has bid for a stake in Murphy Oil's Malaysian oil and gas assets, challenging other suitors including Mitsubishi and Indian state oil companies, a person with direct knowledge of the plan says.
Shell Sells More US Gas Assets Amid Cost Cutting Drive
Thursday, August 14, 2014 Shell announces the sale of onshore US shale gas assets as the energy company restructures its North America production and reins in costs.
NGE's Sale of a 50% Stake in PNG's PPL 269 to Santos Nearer to Completion
Wednesday, August 13, 2014 New Guinea Energy's sale of a 50 percent interest in permit PPL 269 in Papua New Guinea for up to $40 million to a subsidiary of Santos moves closer towards completion.
ONGC Videsh Signs PSCs for Onshore Blocks B-2, EP-3 in Myanmar
Tuesday, August 12, 2014 ONGC Videsh signs production sharing contracts for onshore blocks B-2 and EP-3 in Myanmar.
Origin Completes Acquisition of 2 Permits in WA's Browse Basin from Karoon
Tuesday, August 12, 2014 Origin Energy completes acquisition of Karoon Gas' 40 percent interest in exploration permits WA-315-P and WA-398-P in Western Australia's Browse Basin.
3D Oil Shareholders Agree to Transfer 20% Stake in Permit VIC/P57 to HIREX
Tuesday, August 12, 2014 3D Oil shareholders agree to transfer 20 percent stake in exploration permit VIC/P57 located offshore Victoria, Australia to Hirex.
KrisEnergy, Eni Execute Deed for Transfer of Neon's Stake in Vietnam Blocks
Tuesday, August 12, 2014 KrisEnergy and Eni execute deed for the transfer of Neon Energy's working interest in Blocks 105 and 120 offshore Vietnam to both firms.
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