News Topics: Property Acquisitions & Divestitures

Thursday, May 23, 2013 Marathon Oil says discussions to sell its 20% outside-operated stake in the Athabasca Oil Sands Project in Alberta were unsuccessful and talks with a prospective buyer have been terminated.

Thursday, May 23, 2013 Occidental may consider selling its overseas assets or splitting into three separate companies in order to fund a stock buyback and improve its share price, Chief Executive Steve Chazen tells investors.

Thursday, May 23, 2013 Osaka Gas buys stakes in natural gas assets in Papua New Guinea from Horizon Oil.

Thursday, May 23, 2013 Virginia Senators Mark Warner and Tim Kaine introduce legislation that would open up acreage offshore Virginia for energy leasing.

Wednesday, May 22, 2013 Laredo sells assets to raise capital for drilling activities in the Permian basin.

Wednesday, May 22, 2013 Qatar Petroleum International and Total sign a framework of Agreement whereby QPI will participate in Total E&P Congo through its subscription to a 15% share capital increase of this company.

Wednesday, May 22, 2013 Tangiers Petroleum executes a farm-out agreement for two Australian exploration permits located in the Bonaparte Basin.

Tuesday, May 21, 2013 Europa says it is relinquishing licenses in Romanian and the Saharawi Arab Democratic Rebublic to focus on projects in Western Europe.

Monday, May 20, 2013 Xcite Energy sells data related to its Bentley wells in the North Sea for $15 million.

Friday, May 17, 2013 Greenland's new government clarifies its stance on allowing more offshore oil exploration.

Friday, May 17, 2013 Petroceltic says it is closer to farming out a further 18.375-percent interest in its Isarene Permit that contains the Ain Tsila, onshore Algeria.

Thursday, May 16, 2013 Indonesia's PT Pertamina is evaluating the acquisition of an oil and gas asset in Oman.

Thursday, May 16, 2013 New Zealand Oil & Gas acquires a 50-percent interest in an exploration permit for the Canterbury basin, offshore New Zealand.

Thursday, May 16, 2013 Petrobras, BP and Total rank among companies winning exploration blocks offshore Brazil in the nation's 11th bidding round, the first since December 2008.

Thursday, May 16, 2013 Salamander signs Production Sharing Contracts (PSC) for the Northeast Bangkanai and West Bangkanai license areas.

Wednesday, May 15, 2013 Statoil wins six offshore licenses in Brazil's 11th licensing round.

Tuesday, May 14, 2013 Brazil saw record bidding at its first oil auction in five years as the growing promise of oil finds along the equator attracted huge interest in exploration blocks at the mouth of the Amazon River.

Tuesday, May 14, 2013 CNOOC pulls out of an auction of oil and natural gas exploration concessions in Brazil, the country's ANP says.

Tuesday, May 14, 2013 Afren and Lekoil have completed a farm-out agreement for OPL 310 license situated offshore Nigeria.

Tuesday, May 14, 2013 Dana Gas reports a 17-percent jump in the first quarter profit as it pre-qualifies for Lebanon's first offshore licensing round.

Tuesday, May 14, 2013 OMV improves production for the first quarter. The firm expects production for the whole of 2013 to be broadly similar as 2012.

Tuesday, May 14, 2013 Statoil farms into four exploration licenses operated by BP offshore South Australia.

Monday, May 13, 2013 Europa Oil & Gas reports that an 85-percent farm out of its Irish licensing options to Kosmos Energy has been given the go-ahead by the Irish government.

Monday, May 13, 2013 Ithaca Energy farms out half of its 40-percent share in UK license P1792 to Royal Dutch Shell.

Monday, May 13, 2013 Statoil agrees to swap 10-percent stake in production license 395 for 10 percent in Total's PL 535 asset.

Friday, May 10, 2013 ONGC hopes to complete its $5.5B deal to buy a minority stake in an oil field in Kazakhstan from ConocoPhillips, and plans to raise $4 billion in foreign debt to part fund the acquisition.

Thursday, May 09, 2013 Myanmar deputy minister says he wants to see more participation of local firms in the country's oil and gas sector, but they are not yet well developed enough to play a big role.

Thursday, May 09, 2013 Due to recent events, BLM has delayed oil and natural gas leasing in California.

Thursday, May 09, 2013 Nostra Terra announces a progress update on the High Plain Prospect, located in Texas.

Wednesday, May 08, 2013 ATR is seeking potential acquisitions at the world's largest oil show in Houston this week at the 2013 Offshore Technology Conference.

Wednesday, May 08, 2013 Petronas is the latest Asian state-owned oil company to snap up significant stakes in overseas oil-and-gas assets.

Wednesday, May 08, 2013 Union Jack Oil farms into onshore license in Lincolnshire, UK.

Tuesday, May 07, 2013 Cairn takes 38-percent stake, and assumes operatorship of, Spanish Point, offshore Ireland.

Tuesday, May 07, 2013 Seadrill enters into an agreement to sell the companies that own and operate the tender rig T15 to Seadrill Partners.

Monday, May 06, 2013 HRT says it will acquire a 60% stake in the offshore Polvo heavy oil field from the local unit of BP for $135 million.

Monday, May 06, 2013 OGX could announce as soon as Tuesday the sale of a 40% stake in the Tubarao Martelo oil field for around $850 million to Petronas.

Friday, May 03, 2013 Junior explorer Fastnet Oil & Gas reports that it has been awarded the East Mizzen Licensing Option over several blocks in the North Celtic Sea Basin.

Friday, May 03, 2013 Clayton Williams Energy, Inc. announced it has closed the previously reported transaction to monetize its Wolfberry oil and gas reserves.

Wednesday, May 01, 2013 Petrobras signs a Sale and Purchase Agreement (SPA) for the sale of the 20 percent stake the company holds in exploratory blocks in the Gulf of Mexico.

Tuesday, April 30, 2013 Seadrill and SapuraKencana complete the previously announced transaction pursuant to the conditional SPA.

Monday, April 29, 2013 San Leon Energy has been awarded two new exploration licenses in Spain.

Monday, April 29, 2013 Southwestern Energy signs a definitive purchase agreement to acquire natural gas properties in Pennsylvania.

Sunday, April 28, 2013 New Zealand's second ever offer of onshore and offshore oil and gas exploration permits opens for bidding May 24, Energy and Resources Minister Simon Bridges says.

Friday, April 26, 2013 Hess completes the sale of 100 percent of its Russian subsidiary Samara-Nafta to LUKOIL for a total consideration of $2.05 billion.

Friday, April 26, 2013 ANP says that two more names have been added to the list of oil companies approved to participate in a much-anticipated auction of oil and natural gas exploration concessions next month.

Thursday, April 25, 2013 Taiwan's CPC Corporation agrees to buy 30 percent of the rights to an onshore gas block in Myanmar from Sinopec.

Wednesday, April 24, 2013 BOEM will offer more than 21 million acres offshore Texas in Western Gulf Lease Sale 223 this coming August.

Wednesday, April 24, 2013 Australia's Woodside Petroleum is aiming to finalize a $1.2 billion deal to buy a 30-percent stake in Israel's Leviathan gas field.

Tuesday, April 23, 2013 DNO International will conduct an extensive seismic program across Block SL18, onshore Somaliland, after signing a production sharing contract with the country's government.

Monday, April 22, 2013 Dana Gas and Eni announce successful bids in the Egyptian Natural Gas Holding Company 2012 International Bid Round.