News Topics: Property Acquisitions & Divestitures

By Region: Articles From:

Results50 articles shown

Statoil Buys Stake in Alfa Sentral Gas Field License on UKCS
Friday, October 02, 2015 Norway's Statoil pays $15 million for a 24-percent stake in the UK license that contains the Alfa Sentral gas and condensate field.

Petsec Energy Completes Acquisition of 29.75% Stake in Yemen's Block 7
Thursday, October 01, 2015 Australia's Petsec Energy completes acquisition of a 29.75 percent stake in Yemen's onshore Block 7 in the Al Barqa permit from Mitsui and AWE.

Penn West to Sell Weyburn Stake
Thursday, October 01, 2015 Penn West intends to sell its non-operated 9.5% working interest in the Weyburn field, located in southeast Saskatchewan, Canada, for $205 million.

MX Oil: 2H 2015 Likely to be Game-Changing
Wednesday, September 30, 2015 MX Oil CEO Stefan Olivier believes the second half of this year "is likely to be game-changing for MX Oil".

Mexico Gets Stronger Demand In Second Oil Auction, Eni Among Winners
Wednesday, September 30, 2015 Mexico awards 3 out of 5 production-sharing contracts in the second phase of its historic oil sector opening, comfortably beating the disappointing results of the first phase.

JV Partners Withdraw from Vietnam's Offshore Block 121
Wednesday, September 30, 2015 Joint venture partners in Vietnam's offshore Block 121 in the Phu Khanh Basin withdraw from the license following the unsuccessful drilling of the Whale prospect.

Egypt to Search for Oil in Iraq in First Foreign Venture
Wednesday, September 30, 2015 Egypt will search for oil outside its own borders for the first time after signing an agreement with Kuwait Energy for part of a concession in Iraq, according to the country's oil minister.

Shell to Explore for Oil, Gas in Block Offshore Bulgaria
Tuesday, September 29, 2015 Bulgaria picks Royal Dutch Shell to carry out deepwater oil and gas exploration of its Black Sea coast and plans to sign a contract by the end of October.

BG Acquires Repsol's Newfoundland Interests
Monday, September 28, 2015 BG Group acquires 3 non-operated positions offshore Newfoundland, Canada, from Repsol.

JV Partner Exercises Rights to Beach's Stake in Egypt Abu Sennan Concession
Monday, September 28, 2015 Australia's Beach Energy says a joint venture partner has exercised its pre-emptive rights for a stake in Egypt's Abu Sennan concession following the former's sale of its 22 percent interest to Rockhopper Exploration.

HALO to Acquire 85% Stake in Duyung PSC in Natuna Sea from Singapore's WNEL
Friday, September 25, 2015 Hague and London Oil to acquire 85 percent interest in Duyung Production Sharing Contract in the Natuna Sea, Indonesia from Singapore-based West Natuna Exploration.

Schlumberger Pulls Out of Eurasia Drilling Deal on Obstacles
Friday, September 25, 2015 Schlumberger will not pursue a $1.7 billion agreement to buy a minority stake in Eurasia Drilling beyond Sept. 30 after a lack of regulatory approvals stalled the deal.

Repsol Said to Consider Options for Its Gas Natural Stake
Thursday, September 24, 2015 Repsol is exploring options including a sale of part or all of its stake in Gas Natural SDG SA to shore up its balance sheet amid low oil prices, according to people familiar with the matter.

Quadrant Energy Withdraws from Coastal Permits in WA's Canning Basin
Wednesday, September 23, 2015 Quadrant Energy withdraws from the Coastal Permits in Western Australia's Canning Basin.

Europa Boosts Stake in Porcupine Licenses Following Kosmos Exit
Tuesday, September 22, 2015 Europa Oil & Gas intends to assume a 100% interest in, and operatorship of, licenses FEL 2/13 and FEL 3/13 in the Porcupine Basin, offshore Ireland, following Kosmos Energy's withdrawal from the Joint Operating Agreements for both licenses.

Sirius Raises Funds to Finance Ororo Field Development
Tuesday, September 22, 2015 Sirius Petroleum raises $1.55 million to help it finance its Ororo Field well permit application in Nigeria.

Pertamina Finalizing Plans to Acquire Blocks B, NSO in Indonesia
Monday, September 21, 2015 Pertamina is finalizing plans to acquire ExxonMobil's Blocks B and North Sumatra Offshore in Indonesia.

Egdon Completes PEDL005(R) Farm-Outs
Monday, September 21, 2015 Egdon Resources completes 2 separate farm-out agreements for License PEDL005(R), located in Lincolnshire, UK.

Total Sells Stake In Alberta Oil Sands Project To Canada's Suncor
Monday, September 21, 2015 Total sells 10% of its planned 180,000 barrels-per-day capacity Fort Hills project for around $230 million.

Exxon Said to Be on the Hunt for West Texas Shale Bargains
Friday, September 18, 2015 Exxon Mobil adjusts the way it structures shale acquisitions as the global energy giant expands in West Texas.

SOCAR Says Willing to Divest Part of Stake it Wants in Greek Gas Grid
Friday, September 18, 2015 Azerbaijani state energy firm SOCAR would be prepared to divest a percentage of Greek gas grid operator DESFA as part of deal to acquire stake.

New Govt Policy Induces ONGC to Consider Bids for Marginal Fields in India
Thursday, September 17, 2015 ONGC to consider bids for marginal oil and gas fields in India after the unveiling of a new government policy that made such developments more viable.

Mexico's Bid Round Hurt by Consortia Restrictions
Thursday, September 17, 2015 Restrictions on partnership flexibility hurt Mexico's recent bid round, says an oil company executive at a conference in London.

Mosman Sells 2% Royalty in its STEP Assets in NZ to Ridge Royalty Corp.
Wednesday, September 16, 2015 Mosman Oil and Gas sells 2 percent royalty in its proposed acquisition of a 70 percent interest in New Zealand's South Taranaki Energy Project assets to Canada's Ridge Royalty Corp. for $2.5 million.

Antilles Farms-Out 50% of Peru Block
Wednesday, September 16, 2015 Antilles Oil & Gas farms-out 50% of its acreage in Block 105, onshore Peru, to Uruguayan oil and gas fund Union Group.

Tower Resources Enters Cameroon with Thali PSC
Wednesday, September 16, 2015 Tower Resources will be exploring offshore Cameroon from 2016 after signing the Thali Production Sharing Contract at the offices of Societe Nationale des Hydrocarbures in Yaounde.

Genel Energy to Buy OMV Stake in Bina Bawi Field
Tuesday, September 15, 2015 Genel Energy signs an agreement with OMV to buy its 36% operated stake in the Bina Bawi field, located in the Kurdistan Region of Iraq.

Mexico Sets Minimum Bid Values For Upcoming Offshore Oil Auction
Monday, September 14, 2015 Mexico's finance ministry announces the minimum fiscal terms companies will be required to meet to win development rights in an upcoming oil auction.

Texas Energy Explorer Covey Park Said to Be Exploring a Sale
Friday, September 11, 2015 Covey Park Energy is working with Goldman Sachs Group to explore a sale, people with knowledge of the matter said.

Madagascar Oil Provides Strategic and Financing Update for Tsimiroro Block
Tuesday, September 08, 2015 Madagascar Oil provides an update on the company's search for strategic partners as well as financing initiatives for the Tsimiroro field in Madagascar.

Ramba Energy to Farm-Out Lemang Project in Indonesia
Monday, September 07, 2015 Ramba Energy enters into a memorandum of understanding with an investor to farm out a 25% working interest in the Lemang production sharing contract.

OMV, Gazprom Agree Joint Development Plan for Urengoy Field
Friday, September 04, 2015 OMV reaches an agreement with Gazprom to participate in the development of areas IV and V of the Achimov formation in the Urengoy oil, gas and condensate field in Siberia.

Mosman Oil & Gas Signs Deal to Acquire NZ Onshore Assets from Origin Energy
Friday, September 04, 2015 Mosman Oil and Gas signs agreement to acquire onshore producing assets in New Zealand from Origin Energy.

Rosneft Sells 15% Stake in Vankorneft to ONGC Videsh
Friday, September 04, 2015 Rosneft sells 15 percent interest in Vankorneft - the developer of Vankor oil and gas condensate field in Krasnoyarsk Territory in Russia - to India's ONGC Videsh.

Silk Road Fund to Obtain 9.9% Stake in Novatek's Yamal LNG Project
Thursday, September 03, 2015 Novatek signs a framework agreement for China's Silk Road Fund to obtain a 9.9% stake in its Yamal liquefied natural gas project.

Armour Acquires Origin Energy's Upstream Assets in Queensland's Surat Basin
Thursday, September 03, 2015 Armour Energy acquires Origin Energy's Roma Shelf upstream assets in Queensland's Surat Basin, Australia.

Indonesia Plans to Offer 21 Oil, Gas Blocks for Tender in 2016
Thursday, September 03, 2015 Indonesia plans to offer 21 conventional and unconventional oil and gas blocks in a tender in 2016.

Statoil Says Delivers Largest APA Application in 10 Years
Thursday, September 03, 2015 Statoil applies for exploration acreage in Norway's pre-defined licensing round (APA 2015).

India To Change Oil, Gas Exploration Rules; Offers Small Fields
Wednesday, September 02, 2015 India will auction 69 small and marginal oil and gas fields surrendered by state explorers, Oil Minister Dharmendra Pradhan says.

Central Petroleum Seals Deal to Acquire 50% Stake in Mereenie Field in NT
Wednesday, September 02, 2015 Central Petroleum completes acquisition of a 50 percent stake in the Mereenie oil and gas field in Amadeus Basin in Australia's Northern Territory.

Pilot Farms-in to Empire's Exploration Permits EP416, EP 480 in Perth Basin
Wednesday, September 02, 2015 Pilot Energy farms-in to Empire Oil & Gas's EP416 and EP480 exploration permits in the Perth Basin, Western Australia.

Brazil Oilworkers Tell Petrobras Open-Ended Strike To Start Friday
Tuesday, September 01, 2015 Brazil's largest oil-workers' union advised Petrobras that it plans to begin a open-ended strike against the state-run oil company starting at midnight on Friday.

Faroe Petroleum Acquires North Sea Interests for $20M
Tuesday, September 01, 2015 Faroe Petroleum announces its conditional acquisition of Roc Oil (GB Holdings) Limited for a payment that could total up to $20 million.

Trinity to Sell GU-1 Block for $2.8M
Tuesday, September 01, 2015 Trinity agrees to sell its 100 percent interest in the onshore Guapo-1 (GU-1) block to New Horizon Exploration Trinidad and Tobago Unlimited for $2.8 million.

PTTEP Sells 20% Stakes in 2 Blocks in Myanmar to MOECO, Palang Sophon
Monday, August 31, 2015 Thailand's PTTEP sells 20 percent interest in two onshore blocks in Myanmar to Japan's MOECO and Thai-based Palang Sophon Offshore.

Galilee Completes Acquisition of ATP 529P Permit in Queensland, Australia
Thursday, August 27, 2015 Galilee Energy completes the acquisition of the remaining 50 percent stake in ATP 529P in Galilee Basin om Queensland, Australia from AGL Energy.

NZOG Reports Full Year Net Loss of $4M, Eyes Under-Valued Assets
Thursday, August 27, 2015 New Zealand Oil & Gas reports a full year net loss of $4 million as it seeks to acquire under-valued assets.

China Oil Giants Seek to Join Spree of Global Energy Deals
Thursday, August 27, 2015 PetroChina signaled it's looking to join a wave of global energy deals as crude's collapse makes it the right time to buy and sell assets.

Tap Oil Signs PSC for Block M-7, Brings Myanmar 2013 Bid Round to a Close
Thursday, August 27, 2015 Tap Oil signs a production sharing contract for Block M-7 in Myanmar's Moattama Basin, formally bringing to a close the 20 blocks offered by the Ministry of Energy under the 2013 bid round.

Mosman Plans to Acquire New Zealand's Upstream Assets from Origin Energy
Wednesday, August 26, 2015 Mosman Oil and Gas plans to acquire New Zealand upstream oil and gas assets, including the Rimu, Kauri and Manutahi fields from Australia's Origin Energy.

Find More Articles with an Advanced Search
The results on this page are limited to showing the 50 most recent articles for this category, region, and date range combination. For more articles, please perform an Advanced Article Search.


Our Privacy Pledge
Most Popular Articles
Brent Crude Oil : $47.69/BBL 1.40%
Light Crude Oil : $44.74/BBL 0.77%
Natural Gas : $2.43/MMBtu 3.57%
Updated in last 24 hours