News Topics: Property Acquisitions & Divestitures

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PETRONAS Awards SK410B PSC Offshore Malaysia to PTTEP-led JV
Friday, July 22, 2016 PETRONAS awards the SK410B Production Sharing Contract offshore Malaysia to a joint venture comprising Thailand's PTTEP, KUFPEC and PETRONAS Cargali.

Exxon to Buy Gas Explorer InterOil for Up to $3.6 Billion
Thursday, July 21, 2016 Exxon Mobil agrees to buy natural gas explorer InterOil for as much as $3.6 billion to acquire discoveries in Papua New Guinea that will feed the buyer's existing gas-export plant.

Indonesia Invites Bids for 14 Conventional Oil & Gas Blocks
Thursday, July 21, 2016 Indonesia's Ministry of Energy and Mineral Resources issues invitation for energy companies to bid for 14 conventional oil and gas blocks.

US Silica Acquires East Texas Mine Unit for $210M
Tuesday, July 19, 2016 US Silica expands its frac sand capacity and product offering with its acquisition of NBR Sand for $220 million.

Iran to Name International Oil Companies Eligible to Take Part in Tenders
Monday, July 18, 2016 Iran will issue a preliminary list of international energy firms eligible to take part in tenders to develop its oil and gas fields within the next two weeks, according to an oil official.

EnQuest in Talks to Sell 20% Stake in Kraken Oilfield to Israel's Delek
Monday, July 18, 2016 EnQuest is in talks to sell a 20-percent stake in the North Sea's Kraken oilfield to Israeli conglomerate Delek Group, according to the companies.

Queensland Court Judges in Favor of Armour in Farm-out Deal with AEGP
Friday, July 15, 2016 The Supreme Court of Queensland delivers judgement in favor of Armour Energy over the farm-out agreement for the Northern Territory tenements in Australia to AEGP.

Woodside Taps into Big Oil Find off Senegal for Growth
Thursday, July 14, 2016 Australia's Woodside Petroleum expands its push into West Africa, agreeing to buy ConocoPhillips' deepwater stakes off Senegal.

Oil Firm Det Norske Looking for More Deals in 'Very Interesting' Market
Thursday, July 14, 2016 Norway's Det norske sees scope for further transactions after its planned merger with BP's Norwegian business.

Woodside to Buy ConocoPhillips' Senegal Holdings for $350M
Wednesday, July 13, 2016 Woodside Petroleum agrees to buy ConocoPhillips' deepwater stakes off Senegal, including one of the world's most promising recent oil finds, for $350 million.

Hercules Offshore Sells Jackup at 94% Loss
Tuesday, July 12, 2016 Hercules sells jackup Hercules 267 as it continues to liquidate its assets after filing for bankruptcy a second time.

Shell CEO Says Interested In Yuzhno-Kirinskoye Field
Monday, July 11, 2016 Royal Dutch Shell is interested to take part in developing Russia's Yuzhno-Kirinskoye field, Chief Executive Ben van Beurden told Russia's Vedomosti daily newspaper in an interview.

Blackhawk Acquires Surge Reduction Line From Allamon
Friday, July 08, 2016 Blackhawk acquires the surge reduction business line of Allamon Tool Company.

Faroe Petroleum Secures LO 16/23
Thursday, July 07, 2016 Faroe Petroleum confirms it has been awarded Licensing Option 16/23 under Ireland's 2015 Atlantic Margin Licensing Round.

Brazil 2017 Subsalt Oil Rights Sale To Unlock Stalled Fields
Wednesday, July 06, 2016 Brazil says it will sell 4 areas in its prolific subsalt region by mid-2017 to speed up development of offshore oil and gas discoveries.

Malaysia's Reach Energy Closes in on Acquisition of Kazakh Onshore Block
Tuesday, July 05, 2016 Kazakhstan's Ministry of Energy approves MIE Holding's transfer of a 60 percent stake in Palaeontal B.V. to Malaysia's Reach Energy, with the latter edging closer to acquiring its first upstream asset.

Sources: Petrobras To Sell 'Junk' Fields As Big Finds Delayed
Tuesday, July 05, 2016 Petrobras' plans to sell 'junk' oil fields off the coast of Brazil's Sergipe and Ceara states will do little to boost the economic prospects of the regions, hampered by company cutbacks and delays at larger discoveries nearby, sources say.

Israel's Harel To Buy Tamar Gas Field Stake From Noble
Tuesday, July 05, 2016 Harel Insurance Investments and Financial Services and the Israel Infrastructure Fund (IIF) are to buy 3% of the Tamar natural gas field from Texas-based Noble Energy for $369 million.

Horse Hill License Extensions Secured
Tuesday, July 05, 2016 Horse Hill Developments Limited, operator of the Horse Hill-1 well, revealed Tuesday that the Horse Hill licenses PEDL137 and PEDL246 have been granted extensions.

MEO Grants Rouge Rock Option to Acquire Stake in 2 Permits Off NW Australia
Tuesday, July 05, 2016 MEO Australia grants option to Rouge Rock to acquire 45 percent stake each in exploration permit AC/P50 and AC/P51 in the Vulcan sub-basin off north west Australia subject to completion of the remaining work programs.

MEO Farms Out 50% Stake in Permit WA-454-P in Bonaparte Gulf to Origin
Monday, July 04, 2016 MEO Australia farms out its 50 percent interest in WA-454-P exploration permit in the Bonaparte Gulf offshore northern Australia to Origin Energy.

Europa Relinquishes Part of PEDL 181
Monday, July 04, 2016 Europa Oil & Gas (Holdings) plc relinquishes part of PEDL 181 in the East Midlands Petroleum Province after entering the second term of the asset, which runs until June 30, 2019.

PNG Awards 5 Unconventional Exploration Licenses to South Pacific Resources
Monday, July 04, 2016 South Pacific Resources reported that its applications for five unconventional hydrocarbon prospecting licenses in Papua New Guinea have been reserved by the government.

Lundin Completes Edvard Grieg Acquisition
Friday, July 01, 2016 Lundin Petroleum AB completes the acquisition of an additional 15% interest in the Edvard Grieg field, PL338 and interests in associated pipeline assets, from Statoil Petroleum AS.

Energean Reaches Deal for Montenegro Blocks
Thursday, June 30, 2016 Energean Oil & Gas has reaches an agreement with the Ministry of Economy of Montenegro to secure offshore blocks 4219-26 and 4218-30.

Papua New Guinea Awards Petroleum Prospecting License 549 to Rawson
Thursday, June 30, 2016 Papua New Guinea's Ministry of Petroleum and Energy awards Petroleum Prospecting License 549 to Australia's Rawson Resources.

Statoil Acquires JX Nippon Utgard Stake
Tuesday, June 28, 2016 Statoil acquires JX Nippon's 45% equity share in, and operatorship of, the UK license for the Utgard field.

Indonesia's Pertamina To Sign First Upstream Deal With Iran
Monday, June 27, 2016 Indonesia's state energy company Pertamina will sign a deal to purchase a stake in an oil and gas block in Iran within a week, an official at Indonesia's energy ministry says.

Providence Offered LO 16/27 Offshore Ireland
Thursday, June 23, 2016 Providence Resources plc is offered Licensing Option 16/27 in the Porcupine Basin, offshore Ireland, as part of the second phase of the Atlantic Margin Licensing Round.

Colombia's Ecopetrol Offers 20 Blocks In Auction Launch
Thursday, June 23, 2016 Colombia's state oil company Ecopetrol offers 20 oil and gas blocks for auction, part of a company plan to cut back amid low global crude prices.

Malaysia's Reach Energy Closer to Completing Deal for Kazakhstan's Block
Tuesday, June 21, 2016 Malaysia's Reach Energy edges closer to completing a $154.9 million deal to acquire Palaeontol B.V., which owns an onshore oil and gas block in southwest Kazakhstan.

IOG Completes Blythe Acquisition
Tuesday, June 21, 2016 Independent Oil and Gas plc completes the acquisition of the other 50% of the license covering Blocks 48/22b and 48/23a in the Southern North Sea, containing the Blythe gas discovery.

Encana Sells Gordondale Oil And Gas Assets To Birchcliff For C$625M
Tuesday, June 21, 2016 Encana Corp reaches an agreement to sell its Gordondale oil and gas assets in northwestern Alberta to Birchcliff Energy Ltd for C$625 million ($487.98 million).

Tokyo Gas Buys Eagle Ford Shale Stake, Despite Loss from Prior US Purchase
Tuesday, June 21, 2016 Tokyo Gas buys a 25-percent stake in an Eagle Ford shale gas formation.

Triangle Energy Buys Cliff Head Oil Field Offshore Perth Basin for $2.4M
Tuesday, June 21, 2016 Triangle Energy acquires 57.5 percent stake in Cliff Head Oil field located offshore West Australia for $2.4 million.

Sound Acquires 55% Interest in Meridja Permit, Onshore Morocco
Monday, June 20, 2016 Sound Energy has exercised its option to acquire a 55 percent participating interest in the Meridja exploration permit, onshore Morocco, from Oil & Gas Investment Fund S.A.S.

SDX Energy Quits Cameroon Concession In 'Sensible' Move
Thursday, June 16, 2016 SDX Energy announces its withdrawal from the Bakassi West concession in Cameroon, following the completion of drilling activities on the Manatee-1X well.

Chariot Oil & Gas Exits Mauritania License
Thursday, June 16, 2016 Chariot Oil & Gas Limited elects not to enter into the First Renewal Phase of the C-19 license in Mauritania.

AWE Scraps Plans to Sell Cliff Head Oil Field in WA's Perth Basin to Elixir
Thursday, June 16, 2016 AWE scraps plans to sell stake in Cliff Head oil field in Western Australia to Elixir Petroleum after reaching deal with a third party.

Sources: U.S. KKR, Mexico's Pemex Agree to $1.2B Sale, Leaseback
Thursday, June 16, 2016 U.S. private equity fund KKR and Mexico's Pemex are wrapping up details on a $1.2 billion sale and leaseback agreement, according to sources familiar with the operation, as the distressed state-owned oil company scrambles for extra cash.

Exxon, BHP Examining Sale of Joint Australia Oil and Gas Assets
Wednesday, June 15, 2016 Exxon Mobil Corp. and BHP Billiton Ltd. are studying plans to sell depleting energy assets in Australia, including the largest oil field ever discovered in the nation.

Devon Sells Texas Land to Pioneer, Undisclosed Buyer for $858M
Wednesday, June 15, 2016 U.S. shale oil producer Devon Energy Corp said it would sell Texas acreage to Pioneer Natural Resources Co and an undisclosed buyer for $858 million, as the pace of asset sales picks up on recovering oil prices.

India's Videocon Considers Divesting Upstream Assets to Repay Debts
Monday, June 13, 2016 India's Videocon Industries explores option of divesting its upstream assets to repay debts amid recent gains in global oil prices.

Australia's Bounty Closes Deal with Bridgeport for Surat Basin Assets
Monday, June 13, 2016 Australia's Bounty Oil & Gas closes agreement with Bridgeport to acquire additional stakes in Petroleum Lease 2 in the southern Surat Basin, Queensland and exits PL 214 Utopia Joint Venture.

Europa Completes FEL 2/13, 3/13 Acquisition
Monday, June 13, 2016 Europa Oil & Gas plc now has a 100% interest in, and operatorship of, FEL 2/13 and 3/13 after the Irish Minister of Energy grants consent for the transfer of ownership from Kosmos Energy Ireland.

Union Jack Oil to Acquire PEDL182 Interest in Broughton North Prospect
Monday, June 13, 2016 Union Jack Oil plc reaches an agreement with Egdon Resources plc to acquire an 8.33% interest in PEDL182, located in Lincolnshire, UK, which contains the Broughton North Prospect.

Mexico Plans Next Bidding Round For Energy Opening By End-July
Thursday, June 09, 2016 The next bidding round in the opening of Mexico's oil and gas sector will be called by the end of July and consist of 15 shallow water blocks for exploration and extraction in the Gulf of Mexico, Energy Minister Pedro Joaquin Coldwell says.

Europa Formally Accepts 4 New Licenses in Atlantic Margin Round
Wednesday, June 08, 2016 Europa Oil & Gas (Holdings) plc confirms that it has formally accepted the award of 4 new Licensing Options as part of phase two of the 2015 Atlantic Ireland licensing round.

World's Top Three Shipyards Seek To Raise $7.3B In Revamp
Wednesday, June 08, 2016 The world's three biggest shipyards plan to raise a combined $7.3 billion selling assets and cutting jobs as they seek to pare debt as part of a restructuring following losses last year.

ACL, Lamara Acquire Tangai-Sukananti KSO in South Sumatra Basin for $4.3M
Tuesday, June 07, 2016 Cooper Energy signs agreement to sell 55 percent interest in the producing Tangai-Sukananti KSO in South Sumatra Basin, Indonesia to ACL International and Lamara Energy for $4.3 million.

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