News Topics: Property Acquisitions & Divestitures

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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.

Roxi Receives Almost Half Payment Due for its Galaz Asset in Kazakhstan
Friday, June 19, 2015 Roxi Petroleum receives $10.4 million of the $23 million it is due for the sale of its Galaz asset in Kazakhstan.

Wintershall Sells Norwegian Assets to Tellus Petroleum
Thursday, June 18, 2015 German independent oil firm Wintershall is disposing of its holdings in selected fields on the Norwegian Continental Shelf in order to optimize its portfolio of assets.

Upstream M&A Deal Values Continue To Slip
Thursday, June 18, 2015 GlobalData figures show mergers and acquisitions activity is still reined in by low oil prices and depressed market.

PetroVietnam Completes Acquisition of Chevron's Assets in Vietnam
Thursday, June 18, 2015 PetroVietnam completes acquisition of Chevron's assets in Vietnam, giving it ownership of two offshore gas blocks and a stake in a pipeline firm.

Bahamas Petroleum Corporation: Governor-General Signs License Renewal
Wednesday, June 17, 2015 Bahamas Petroleum Corporation says the Caribbean island's Governor-General has signed a license renewal addendum for the firm's four southern licenses.

Beach Energy Exits Stake in Romanian Block to Focus on Australia
Wednesday, June 17, 2015 Australia's Beach Energy withdraws from Block 28 Est Cobalcescu in Romania to focus on growing its business at home.

Shell-BG $70B Deal Crosses Key Milestone With US Clearance
Tuesday, June 16, 2015 US regulators have given the green light for Shell's proposed $70 billion acquisition of British rival BG Group, the first clearance for the biggest deal in the energy sector in over a decade.

Trap Oil Looks at Selling Some North Sea Assets to Survive
Friday, June 12, 2015 Junior operator Trap Oil is in talks to sell some of its assets in order to fund its activities.

Inpex Says No Talks Held on Pertamina's Interest in Masela Block
Thursday, June 11, 2015 Inpex is not in discussions with Pertamina regarding the latter's interest in acquiring a stake in the Masela Block, offshore eastern Indonesia.

Hess To Sell Half Of Bakken Midstream Assets For $2.68B
Thursday, June 11, 2015 Hess says it will sell half of its Bakken midstream assets to Global Infrastructure Partners for $2.68 billion.

With American Energy Buy, Gulfport Grows Utica Footprint
Wednesday, June 10, 2015 Gulfport Energy expands its dry gas Utica acreage by almost 30% in first half of 2015.

Official: Pertamina Interested in Stake in Inpex Abadi FLNG Project
Wednesday, June 10, 2015 Pertamina is interested in acquiring a stake in the Abadi floating liquefied natural gas project currently being developed by Inpex and Shell, an energy ministry official says.

MX Oil and Geo Estratos Express Formal Interest in Mexico's Bid Round One
Tuesday, June 09, 2015 MX Oil and local partner Geo Estratos become formally listed as interested parties in phase three of Mexico's Bid Round One by the Comission Nacional de Hydrocarburos.

Gulfport Acquires Additional Acreage in Utica
Tuesday, June 09, 2015 Gulfport Energy Corp. enters into agreements to acquire additional acreage in the Utica Shale.

Hybrid ROV-AUV Technology Could Aid Oil, Gas in Remote Offshore Ops
Monday, June 08, 2015 A technology that allows underwater vehicles to perform ROV and AUV functions could change oil and gas industry operations in subsea operations and Arctic exploration.

Sound Enters Morocco with Farm-In Deal
Monday, June 08, 2015 Sound Oil enters into the Moroccan oil and gas sector after agreeing to farm into the onshore Tendrara license.

Central Acquires 50% Stake in NT's Mereenie Field from Santos for $37.4M
Thursday, June 04, 2015 Central Petroleum acquires a 50 percent operating interest in the Mereenie oil and gas field in the Amadeus Basin, Northern Territory, Australia from Santos for $34.7 million.

Sterling Energy Acquires 13.5% Stake in Block C-10 Offshore Mauritania
Thursday, June 04, 2015 Sterling Energy acquires a 13.5 percent stake in Block C-10 offshore Mauritania.

Frontier in Talks to Farm Out Stakes in Oman's Block 38
Wednesday, June 03, 2015 Frontier Resources International is in talks with Middle East firms to farm out stakes in Oman's Block 38.

Hibiscus Aborts Plan to Buy Talisman's Stake in JPDA 06-105 Off Timor-Leste
Tuesday, June 02, 2015 Hibiscus Petroleum terminates plan to acquire Talisman Resources, which has a 25 percent stake in the Kitan oil field in JPDA 06-105 block in the Australia-Timor Leste Joint Petroleum Development Area north east of Darwin, Australia.

Eneabba Gas Seals Deal for 50% Interest in Permit EP 447 in Perth Basin
Tuesday, June 02, 2015 Eneabba Gas acquires GCC Methane, giving the company a 50 percent interest in production permit EP447 in Perth Basin, Western Australia.

Rey Resources Acquires 50% Stake in Derby Block in WA's Canning Basin
Tuesday, June 02, 2015 Rey Resources completes acquisition of a 50 percent interest in the Derby block in permit EP 487 in the Canning Basin, Western Australia.

Croatia Awards Six Onshore Oil And Gas Exploration Licenses
Tuesday, June 02, 2015 Three companies will share six licenses to explore for oil and gas in Croatia's northern Drava river basin and in the east of the country, the Zagreb government announced.

Eni Says Audit into Nigerian Oil Deal Finds No Evidence of Wrongdoing
Monday, June 01, 2015 An external audit into a $1.3-billion Nigerian oil and gas license deal made in 2011 finds no evidence of illegal conduct, Eni reports.

Egypt Signs Exploration Deal with Italy's Eni Worth $2B
Monday, June 01, 2015 Egypt's oil ministry says it has signed a $2-billion energy exploration deal with Italy's Eni.

Israel's Delek Looks to Increase Stake in Cyprus Gas Field
Monday, June 01, 2015 Israeli conglomerate Delek Group is in talks to buy an additional 19.9% stake of the Aphrodite gas field, offshore Cyprus.

PPP Drops Plans to Sell Stakes in NZ's Tui Oil and Vietnam's CRD Projects
Friday, May 29, 2015 Pan Pacific Petroleum drops plans to sell its stakes in New Zealand's Tui oil project and Vietnam's Ca Rong Do project.

Indonesia's Pertamina Proposes to Take over Sanga-Sanga Oil Block
Friday, May 29, 2015 Pertamina has put forward a proposal for it to take over the Sanga-Sanga oil block, Wiratmaja Puja, director general oil and gas at Indonesia's Energy Ministry, tells reporters.

Premier Oil Exits Onshore Block 2B in Kenya
Friday, May 29, 2015 Premier Oil withdraws from onshore Block 2B in Kenya.

Galp, Petrobras Return Caramba Oil Prospect
Thursday, May 28, 2015 Galp Energia and Petrobras return the Caramba oil block to Brazil's ANP regulator after finding it is not commercially viable.

Ithaca Energy Shares Slide after Disclosing North Sea Dispute
Thursday, May 28, 2015 UK North Sea-focused Ithaca Energy says it has received a legal claim regarding its Greater Stella Area oilfield in the North Sea.

Woodside Withdraws from Lake Tanganyika South Block in Tanzania
Wednesday, May 27, 2015 Woodside withdraws from Lake Tanganyika South block in Tanzania.

Exxon, Chevron Clear to Bid on Mexican Shallow-Water Blocks
Tuesday, May 26, 2015 Mexico approves 19 companies and seven groups to bid on 14 shallow-water exploration blocks as the country prepares to allow private producers to drill in its waters for the first time since 1938.

Egypt Extends Mediterranean Gas Exploration Tender by Two Months
Tuesday, May 26, 2015 Egypt extends its tender for natural gas exploration in the Mediterranean Sea by two months, with four new blocks up for grabs.

Vanguard Steps Up M&A
Tuesday, May 26, 2015 Vanguard Natural Resources looks for growth opportunities through acquisition of rivals in neighboring acreage.

Indonesia Plans to Offer More Oil, Gas Blocks for Bidding This Year
Monday, May 25, 2015 Indonesia plans to offer more oil and gas blocks for bidding in a new round planned later this year, according to a local daily.

Mexico Pushes Back Release Of First Oil Tender Contract, Bid Terms
Monday, May 25, 2015 Mexico's oil sector regulator, CNH, votes to delay the publication of the final production-sharing contract and bid terms for its initial shallow-water tenders.

Questerre Inks MOU with MEMR to Appraise, Develop Jordan's Oil Shale Blocks
Monday, May 25, 2015 Questerre Energy inks a memorandum of understanding with Jordan's Ministry of Energy and Mineral Reosurces to appraise and develop oil shale in the country.

NZEC Relinquishes PEP 52976 Permit in New Zealand's East Coast Basin
Friday, May 22, 2015 New Zealand Energy Corp. relinquishes permit PEP52976 in the East Coast Basin of New Zealand's North Island.

MEO Farm-out 30% Stake in WA-488-P Permit to Rex International Holding
Thursday, May 21, 2015 MEO farm-out 30 percent stake in WA-488-P exploration permit offshore Western Australia to Rex International Holding.

More Buyers than Sellers Idles Upstream M&A Market
Thursday, May 21, 2015 Many upstream companies are interested in M&A, but want to hold off activity until stability returns to commodity markets.

Mexico's Round One to Attract Smaller Players
Thursday, May 21, 2015 Acreage offered for bidding in the next phase of Mexico's Round One will most likely attract smaller, private and equity-backed companies, Wood Mackenzie tells Rigzone.

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