News Topics: Property Acquisitions & Divestitures
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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.
NZOG, Octanex Relinquishes PEP 53473 in New Zealand's Taranaki Basin
Tuesday, September 30, 2014 New Zealand Oil & Gas and Octanex relinquish petroleum exploration permit 53473 in the offshore Taranaki basin, New Zealand.
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.
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.
Rift Energy Seeks Partner for Block L19 in Kenya
Tuesday, September 30, 2014 Rift Energy plans to farm out part of its stake in Block L19 in Kenya to fund the exploration program in the production sharing contract.
Dana Gas Successful in Bids for 2 Onshore Concessions in Nile Delta
Monday, September 29, 2014 Dana Gas succeeds in bidding for North El Salhiya (Block 1) and El Matariya (Block 3) onshore concessions in the Nile Delta, Eqypt.
Swala Energy Refers Dispute with CEPSA Over Block 12B to Arbitration
Monday, September 29, 2014 Swala Energy refers to arbitration a dispute with CEPSA Kenya Ltd. in connection with the latter's withdrawal from Block 12B in Kenya.
Cairn Farms Out 10% Stake in Catcher Project and Adjacent Acreage to Dyas
Thursday, September 25, 2014 Cairn Energy farms out 10 percent interest in the Catcher development and adjacent acreage in the UK North Sea to Dyas.
Lundin to Acquire 50% Stake in PM328 Offshore Peninsular Malaysia
Thursday, September 25, 2014 Lundin Petroleum to acquire a 50 percent operating stake in PM328 offshore peninsular Malaysia.
Eni Secures 3 New Exploration Blocks in Egypt
Thursday, September 25, 2014 Eni secures three new exploration licenses in Egypt as it grows its footprint in Africa.
Total Sells Stake In US Shale Gas Transport Firm For Up To $450M
Tuesday, September 23, 2014 Total has agreed to sell its 25% stake in Cardinal Gas Services, a gas transport company operating in Ohio's Utica shale gas basin, to a group of Korean companies.
PTTEP to Acquire 20% Interest in Concession BM-ES-23 Offshore Brazil
Monday, September 22, 2014 PTTEP to acquire a 20 percent interest in Concession BM-ES-23 in the Espirito Santo Basin offshore Brazil from Shell.
Ramba to Sell 25% Stake in Lemang PSC in Sumatra to Risco for $157.5M
Monday, September 22, 2014 Ramba Energy signs letter of offer to sell a 25 percent stake in Lemang production sharing contract in Riau and Jambi provinces, South Sumatra, Indonesia to Risco Energy Investments for $157.5 million.
Greece Ratifies Energean's Licenses for Ioannina, Katakolon Blocks
Monday, September 22, 2014 The Greek Parliament ratifies license agreements for Energean to explore and produce from the Ioannina and Katakolon blocks in western Greece.
Tomoka: Kerogen Makes Fourth Year Oil Exploration Lease Payment
Monday, September 22, 2014 Tomoka announces that Kerogen has made the fourth year payment for its eight-year oil exploration lease in Hendry County, Florida.
Egypt Awards Oil and Gas Exploration Blocks
Friday, September 19, 2014 Egypt signs oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, the petroleum ministry says.
ExxonMobil Extends Permian Position
Thursday, September 18, 2014 ExxonMobil enters a non-monetary exchange agreement with LINN Energy to add 17,800 net acres in the Permian Basin.
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".
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.
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.
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.
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.
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.
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.
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