News Topics: Property Acquisitions & Divestitures

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Savannah Signs PSC with Niger for R3/R4 License Area
Friday, July 31, 2015 Savannah Petroleum signs a Production Sharing Contract (PSC) with the government of Niger for the country's R3/R4 license area.

Pryce Gases to Buy Stake in SC55, Maersk Venturer to Spud Hawkeye-1 Soon
Thursday, July 30, 2015 Pryce Gases to acquire a 10 percent stake in Service Contract 55 offshore the Philippines as the Maersk Venturer drillship prepares to drill the Hawkeye-1 well in the block.

Russia's Rosneft, US Exxon Jointly Bid for Fields in Mozambique
Thursday, July 30, 2015 Russia's Rosneft and ExxonMobil jointly apply to participate in a tender for hydrocarbon fields in Mozambique.

Marathon, OMV Hand Back Croatia Oil Exploration Licences
Wednesday, July 29, 2015 Marathon Oil and OMV return seven offshore oil and gas licenses to Croatia.

Mexico To Postpone Deep Water Auction, Adjust Next Oil Tender Terms
Wednesday, July 29, 2015 Mexico will postpone auctions for deepwater oil exploration and production contracts and adjust the terms of upcoming tenders.

Billionaire Ambani Said to Weigh Sale of US Shale Holdings
Wednesday, July 29, 2015 Indian billionaire Mukesh Ambani's Reliance Industries is weighing a sale of its US shale gas investments, people with knowledge of the matter said.

Total Sells West of Shetland Assets after Robust 2Q Performance
Wednesday, July 29, 2015 French oil major Total is to sell minority interests in a handful of West of Shetland fields after producing a robust performance during the second quarter of 2015.

Vermilion Energy Enters Farm-in Agreement in Germany
Tuesday, July 28, 2015 Vermilion Energy enters into a farm-in agreement with Mobil Erdgas-Erdol and BEB Erdgas und Erdol.

Goodrich Sells Chunk of Eagle Ford: More Buying Time for Rebound
Monday, July 27, 2015 Goodrich Petroleum is selling key acreage in the Eagle Ford Shale to buy some liquidity and pay off some debt. But questions remain about whether it's enough to survive commodity prices.

Sterling Sees Acquisition Opportunities amid Low Oil Price
Monday, July 27, 2015 Africa-focused Sterling Energy intends to take advantage of the low oil price by buying 'quality' exploration assets from distressed players in the oil and gas sector.

Red Emperor Completes Otto Energy Farm-in Agreement
Monday, July 27, 2015 Red Emperor Resources completes its farm-in agreement with Otto Energy Limited, following a formal notification of approval from the Department of Energy of the Republic of the Philippines.

OGA Names Final Winners from 28th Offshore Licensing Round
Monday, July 27, 2015 The UK's Oil and Gas Authority announces the remaining winners from the 28th Offshore Licensing Round, which covers 353 blocks on the UK Continental Shelf.

Mexico's Pemex To Submit Rest Of Deep Water Tie-Up Requests In August
Friday, July 24, 2015 Pemex plans to submit the remaining requests for tie-ups with private companies in five deep water fields in the Gulf of Mexico in early August, a senior executive at the state-run oil company says.

Roxi Petroleum Agrees BNG Royalty Cancellation Deal
Friday, July 24, 2015 Roxi Petroleum enters into an agreement with Canamens Limited and Sector Spesit IV, a sub-fund of Sector Umbrella Trust, to cancel future royalty payments due to them from production at Roxi's BNG asset, located in Kazakhstan.

Iran Eyes $185B Oil, Gas Projects after Sanctions
Thursday, July 23, 2015 Iran outlines plans for the rebuilding of its core industries and trade links in the wake of a nuclear agreement with world powers, saying it is targeting $185 billion of oil and gas projects.

Europa Raises Funds Ahead of UK, Irish License Awards
Thursday, July 23, 2015 Europa raises funds ahead of license round awards in the UK and Ireland.

Oil Firms May Retain Clear-Up Costs For Hard-to-Sell N. Sea Assets
Tuesday, July 21, 2015 Oil companies trying to sell ageing North Sea oilfields are considering shouldering hundreds of millions of dollars in future dismantling costs in order to help find buyers.

San Leon Energy Drops Polish Licenses to Cut Costs
Tuesday, July 21, 2015 San Leon Energy removes a number of Polish licenses from its portfolio, in order to reduce costs.

Angola Requests Bids for 10 Onshore Oil Blocks
Monday, July 20, 2015 Sonangol requests prequalified bidders to submit bids for 10 onshore oil blocks, as Africa's second largest crude exporter aims to open up new exploration opportunities.

Noble Takes Rosetta-and its Eagle Ford Assets-Under its Wing
Monday, July 20, 2015 With board support from both companies, Noble Energy and Rosetta Resources complete merger.

Kommersant: France's Total Eyes LNG, Oil Projects in Iran
Friday, July 17, 2015 France's Total is eyeing liquefied natural gas and oil projects in Iran, Russian business daily Kommersant reports.

Genesis Buys Enterprise Offshore Pipelines for $1.5 Billion
Thursday, July 16, 2015 Genesis Energy agrees to buy the offshore Gulf of Mexico pipeline and service business of Enterprise Products Partners LP for about $1.5 billion in cash.

Israel's Delek Confident of Quick Sale of Tanin, Karish Gas Fields
Thursday, July 16, 2015 The owners of the Karish and Tanin natural gas fields offshore Israel say they are confident of meeting a disposal timeframe proposed by the country's government.

Det Norske to Appeal Sverdrup Oilfield Ownership, 2Q Earnings Lag
Wednesday, July 15, 2015 Norway's Det norske oljeselskap plans to appeal a government decisions giving it a smaller stake in the giant Johan Sverdrup oilfield.

First Phase Of Historic Mexico Oil Auction Misses Expectations
Wednesday, July 15, 2015 Mexico auctions only two of 14 blocks in its initial offshore oil and gas tender, falling far short of the government's modest expectations.

Caliera Awaits Approval of its Acquisition of 70% Stake in PEP 51153 in NZ
Wednesday, July 15, 2015 MEO Australia says Kea Petroleum's shareholders have approved the sale of a 70-percent stake in PEP 51153 in New Zealand's onshore Taranaki Basin to Caliera.

Greece Will Not Extend 2nd International Licensing Round
Tuesday, July 14, 2015 Greek Energy Ministry tells Rigzone its July 14 deadline for companies to tender for oil and gas will not be extended.

Peru Delays Bids For Country's Most Productive Oil Block
Monday, July 13, 2015 Peru will delay bidding for the rights to develop the country's largest oil block, which is located in the Amazon jungle, at the request of three companies involved in the process.

Petrobras In Uncharted Territory With $58 Billion Sale: Real M&A
Friday, July 10, 2015 Petrobras' $58 billion asset sale proposal is unprecedented for the oil industry, and for good reason. It may be impossible to pull off.

Premier Oil Puts Pakistan Assets on Block After 'Attractive' Offer
Thursday, July 09, 2015 Premier Oil puts its Pakistan business up for sale after receiving an "attractive" offer from an unnamed party, Chief Executive Tony Durrant says.

Brazil Sees $870 Million in Exploration Spending From Auction
Thursday, July 09, 2015 Oil companies are expected to invest about $870M to complete minimum exploration work at concessions Brazil plans to auction in October, according to the country's oil regulator.

China to Allow Non-State Firms to Bid for Xinjiang Oil Blocks in Trial
Tuesday, July 07, 2015 China will allow private domestic enterprises to bid for a handful of oil and gas blocks in the far-western region of Xinjiang.

ExxonMobil Selling Cook Inlet Assets, Remains Committed to Alaska
Tuesday, July 07, 2015 ExxonMobil's subsidiary XTO Energy sells Cook Inlet production assets to Hilcorp for undisclosed price.

Providence Increases Stake in Dunquin South Prospect
Monday, July 06, 2015 Independent explorer Providence Resources agrees to buy Atlantic Petroleum's four-percent stake in Frontier Exploration Licence 3/04, which lies in the Porcupine Basin offshore west Ireland.

LINN Exits Permian with $281M Deal, Completes Strategic Funding Initiatives
Monday, July 06, 2015 LINN Energy exits the Permian Basin and seals deals with private capital to fund acquisitions and development.

Four Firms Exit Initial Offshore Tender In Mexican Oil Opening
Monday, July 06, 2015 Four companies have bowed out of the initial installment of Mexico's so-called Round One oil auction, the first step in the country's historic sector opening, regulator CNH says.

Australian Energy Retailer AGL Writes Down Coal-Seam Gas Assets
Monday, July 06, 2015 AGL Energy, Australia's No. 2 energy retailer, says it will sell three coal-seam gas licences back to the government and write down the value of several more underperforming projects, cutting its net profit by $443 million.

Minister: Indonesia Expects Total to Make Decision on Mahakam within Days
Friday, July 03, 2015 Total will decide over the next few days how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block, according to the country's energy minister.

FourPoint Acquires Chesapeake's Western Anadarko Assets
Thursday, July 02, 2015 Chesapeake Energy sells western Anadarko assets to FourPoint Energy for $840 million.

Maersk Venturer to Mobilize to Hawkeye-1 Well in Palawan Basin in Late July
Thursday, July 02, 2015 The Maersk Venturer drillship will mobilize to drill the Hawkeye-1 exploration well in Service Contract 55 in the Palawan Basin, offshore Philippines in late July.

Norway Decides on Johan Sverdrup Ownership Interests
Thursday, July 02, 2015 The Norwegian government decides on how the Johan Sverdrup field will be split among its five owners.

Israel Plans to Let Noble, Delek Keep Control of Leviathan Gas Field
Tuesday, June 30, 2015 Israel's Energy Ministry unveils a plan for the country's natural gas sector that would leave the largest offshore project, Leviathan, in the control of the Noble/Delek consortium.

NSE Sells Australia's Cooper Basin, U.S. Assets to Sundance Energy for $18M
Monday, June 29, 2015 New Standard Energy agrees to sell its Australia's Cooper Basin assets and Colorado Country Project in the United States to Sundance Energy for $18.4 million.

Kea Agrees to Dispose Assets
Friday, June 26, 2015 Kea Petroleum has conditionally agreed to sell its 70% interest in PEP51153, which could lead to the firm being classified as an investing company under AIM rules.

Sefton Partners UTAS to Acquire Producing Oil, Gas Assets in Indonesia
Friday, June 26, 2015 Sefton Resources signs development agreement with UTAS Petroleum Services to acquire producing upstream oil and gas assets in Indonesia.

Chevron Selling 40% Stakes in Two More Nigerian Oil Blocks
Wednesday, June 24, 2015 Chevron says it was selling its 40% stakes in two more Nigerian shallow water offshore oil blocks, Oil Mining Leases (OML) 86 and 88 in the Niger Delta area.

Germany's E.ON Puts North Sea, Algeria Assets on the Block
Tuesday, June 23, 2015 German utility E.ON wants to sell its North Sea and Algerian oil and gas assets, according to several banking sources, and hopes to raise around $2 billion as it restructures.

Qatar Petroleum Eyes Foreign Expansion After Restructuring
Tuesday, June 23, 2015 Qatar Petroleum plans to expand overseas after a restructuring that included the takeover of its foreign investment arm and the firing of some foreign workers.

Petro Matad Completes Farm-out of Blocks IV and V in Central Mongolia
Monday, June 22, 2015 Petro Matad announces that it has completed its farm-out of Blocks IV and V, located in Central Mongolia, to BG Group.

Total, Inpex to Share 30% Stake in Indonesia's Mahakam Gas Block
Friday, June 19, 2015 Indonesia says it will allocate Total and Japan's Inpex a 30 percent stake in the offshore Mahakam oil and gas block once the French major's operating rights to Indonesia's top gas field expire in December 2017.

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