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News Topics: Property Acquisitions & Divestitures

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Cue Energy to Raise Stake in Kutei Basin's Mahakam Hilir PSC to 100%
Tuesday, October 21, 2014 Cue Energy to take full ownership of the Mahakam Hilir production sharing contract in Kutei Basin, Kalimantan, Indonesia by acquiring the remaining 60 percent stake from SPC Mahakam Hilir.

Lakes Oil Bags 2 Offshore Exploration Permits in Gippsland Basin
Tuesday, October 21, 2014 Lakes Oil bags two new exploration permits in the offshore Gippsland Basin, Victoria, Australia.

Sona to Get MSC's Clearance Soon to Acquire Salamander's Thailand Assets
Monday, October 20, 2014 Sona Petroleum expects to receive clearance soon from the Malaysian Securities Commission to acquire 40 percent in Salamander Energy's two upstream assets in Thailand.

Tanzania To Pick Winners Of Oil, Gas Bids Before Year-End
Friday, October 17, 2014 Tanzania is in final stages of evaluating bids for oil and gas blocks it offered in its latest bidding round and plans to pick the winners before the end of this year, its upstream regulator says.

If RWE Unit Sale to Fridman Falters, Hungary's MOL Still Keen
Thursday, October 16, 2014 MOL Group says it is still interested in buying RWE's DEA unit which holds 190 oil and gas licenses in Europe, the Middle East and North Africa if its sale to Russian billionaire is not approved.



BOEM to Offer 44 Million Acres Offshore GOM
Thursday, October 16, 2014 BOEM Acting Director Walter Cruickshank announces the bureau will offer nearly 44 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development.

Chesapeake To Sell Oil, Gas Assets For $5.37B
Thursday, October 16, 2014 Chesapeake says it will sell some oil and gas assets in the Marcellus and Utica to Southwestern Energy for about $5.37 billion.

WHL Gets Seychelles Seismic Data, Farming-out Permit VIC/P67 Off Australia
Thursday, October 16, 2014 WHL Energy receives fast track data from the Junon 3D seismic survery acquired offshore Seychelles and has commenced a farm-out process for Australia's offshore permit VIC/P67.

Gazprom Neft Expands in Orenburg Region of Russia
Wednesday, October 15, 2014 Gazprom Neft completes the acquisition of OOO Yugra-Intek, giving it a license to produce oil in the Kuvaisky licensing area of the Orenburg region of southern Russia.

Eni Signs PSCs for Exploration Blocks 116, 124 Offshore Vietnam
Tuesday, October 14, 2014 Eni signs two production sharing contracts with PetroVietnam for exploration of blocks 116 and 124 offshore Vietnam.

Statoil Exits Shah Deniz Gas Project With Stake Sale To Petronas
Monday, October 13, 2014 Statoil sells 15.5% stake in the Shah Deniz project in Azerbaijan to Petronas for $2.25 billion.

Faroe Completes Acquisition of Schooner and Ketch Fields
Friday, October 10, 2014 Faroe Petroleum acquires from Tullow Oil majority interests in the Schooner and Ketch fields in the UK zone of the southern North Sea.

North Sea Deal Activity Down During 3Q
Friday, October 10, 2014 Deal activity in the UK North Sea falls in 3Q 2014, according to new data from Deloitte's Petroleum Services Group.

Uganda to auction new oil blocks by December
Friday, October 10, 2014 Uganda will auction new oil exploration acreage by December and compensate land owners at the site of a planned crude oil refinery, a government official says.

Rex Completes Acquisition of Stakes in 2 Licenses Offshore Norway
Wednesday, October 08, 2014 Rex completes acquisition of a 5 percent stake each in licenses PL591 and PL591B offshore Norway from North Energy.

Encana To Sell Some Natural Gas Assets In Alberta For $541M
Wednesday, October 08, 2014 Encana says it would sell some of its natural gas assets in southern and central Alberta for about C$605 million as it focuses on more lucrative oil and natural gas liquids.

Ivory Coast To Seek Investors For Deepwater Oil Blocks
Tuesday, October 07, 2014 Ivory Coast will seek investors in its available offshore oil acreage at a promotional event in Texas next week, a senior oil ministry official says.

Analysts: Oxy Sale Of Bakken Assets Would Make Strategic Sense
Tuesday, October 07, 2014 Any sale of Occidental's roughly 330,000 acres in North Dakota's oil-rich Bakken shale formation would make strategic sense for the company, which is likely eager to strike a deal, analysts say.

Chevron Sells 30% In Canadian Shale Assets For $1.5B
Monday, October 06, 2014 Chevron says it would sell a 30% stake in its Duvernay shale properties in Canada to Kuwait Foreign Petroleum Exploration Co. for $1.5 billion.

Faroe Wins Irish Licensing Options
Monday, October 06, 2014 Faroe Petroleum wins three licensing options from the Irish government covering a shallow water area off the southern coast of Ireland in the Celtic Sea.

Petrosen Draft: Kosmos To Buy Into Senegal Offshore Blocks For $400M
Monday, October 06, 2014 Kosmos Energy is set to sign a $400 million "farm-in" agreement with Petrosen and Timis Corp to take a 60% stake in the Cayar and St. Louis offshore blocks that they operate.

Kosmos to Buy into Senegal Offshore Blocks for $400M
Saturday, October 04, 2014 Kosmos Energy is set to spend $400 million on a farm-in deal to take a 60-percent stake in the Cayar and St Louis blocks, offshore Senegal, according to a draft Petrosen document.

Kommersant: Russia's Lukoil Sells its Stake in Venezuela Project to Rosneft
Friday, October 03, 2014 Lukoil sells its 20-percent state in a consortium developing a large oil project in Venezuela to its Russian peer, Rosneft.

Queensland Government Seeks Bids to Explore 2 Blocks in Bowen Basin
Friday, October 03, 2014 The Queensland state government issues a tender inviting firms to explore for petroleum and gas resources in the Bowen Basin of central and south-west Queensland, Australia.

Occidental's Board Approves Spin-Off Of California Unit
Thursday, October 02, 2014 Occidental Petroleum says its board of directors has approved the spin-off of its California oil and natural gas business to its shareholders.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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