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News Topics: Property Acquisitions & Divestitures

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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.

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.

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.

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.

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.

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.

Talisman Energy: Readying Iraqi Kurdistan Assets For Sale
Tuesday, August 12, 2014 Talisman says it still plans to sell all or a portion of its exploration properties in Iraq's Kurdistan region despite conflict in the area.

Singapore's KrisEnergy Buys Out Chevron In Cambodian Oil Block
Monday, August 11, 2014 KrisEnergy agrees a $65 million deal to buy out Chevron's interest in an offshore oil block in Cambodia and take over as the block's operator.

Oil Billionaire Hamm Sold Superior Energy Stake Citing Weak Returns
Monday, August 11, 2014 Harold Hamm recently sold his remaining stake in Superior Energy Services saying the stock wasn't providing the financial returns he'd hoped for, he told a court during his divorce trial.

Gabon Signs Offshore Oil Contracts With Six Companies
Friday, August 08, 2014 Gabon's oil ministry signs seven oil contracts with six companies as part of an offshore licensing round expected to attract at least $1.1B in investment to the sector.

Thai PTTEP Signs Deal for Myanmar Onshore Block Exploration Rights
Friday, August 08, 2014 Thailand's PTTEP signs a production sharing contract for onshore exploration and production rights over the MOGE 3 Block, Myanmar.

Peak O&G Terminates Deal with Cadco Over Cadlao Project in Palawan Basin
Thursday, August 07, 2014 Peak Oil & Gas reports that a conditional deal to settle a dispute over Service Contract 6 in northwest Palawan Basin, the Philippines has been terminated.

MOG Invites Bids for 5 Onshore, Offshore Blocks in Oman Bid Round 2014
Wednesday, August 06, 2014 Oman's Ministry of Oil & Gas invites bids for five onshore and offshore blocks in the Oman Bid Round 2014.

Serica Energy Completes Farm Out of Doyle Gas Prospect
Tuesday, August 05, 2014 UK junior Serica Energy completes the farm out of the Doyle gas prospect in the UK zone of the East Irish Sea.

EIA: Oil & Gas Cos Take on Debt, Sell Assets to Boost Cash Flow
Monday, August 04, 2014 Oil and gas companies are taking on debt and selling assets to make up for the shortfall between operational cash flow and cash being spent, according to a recent EIA report.

PetroChina to Seal Takeover of Athabasca Oil Sands Project by End-Sept
Monday, August 04, 2014 State oil giant PetroChina plans to pay the more than $1 billion it needs to complete a takeover of the Dover oil sands project from Canadian firm Athabasca Oil Corp by the end of September.

MX Oil Establishes Mexican Exploration Joint Venture
Friday, August 01, 2014 MX Oil establishes a joint venture with Geo Estratos to explore for hydrocarbons in Mexico.

Eni Inks PSCs for 2 Onshore Exploration Blocks in Myanmar
Friday, August 01, 2014 Eni inks production sharing contracts for RSF-5 and PSC-K exploration blocks in Myanmar.

Enel CEO Says Not Wise to Sell Russia Assets at Moment
Thursday, July 31, 2014 Italy's Enel is not considering the sale of its Russian assets at the moment, says its CEO.

NZEC Receives Copper Moki Mining Permit in New Zealand's Taranaki Basin
Wednesday, July 30, 2014 New Zealand Energy Corp. receives the Copper Moki Mining Permit (PEP 55491) in New Zealand's Taranaki Basin.

President Takes 100% Ownership of Puesto Guardian Fields
Wednesday, July 30, 2014 President Energy agrees to pay $6.9 million for the 50% stake in Argentina's Puesto Guardian concession that it does not already own.

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.

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.

UK Announces 14th Onshore Licensing Round
Monday, July 28, 2014 UK Energy Minister Matthew Hancock announces the country's 14th Landward Licensing Round.

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