News Topics: Property Acquisitions & Divestitures
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Rose Petroleum Confirms Weiden Basin License
Wednesday, March 12, 2014 Rose Petroleum confirms that its acquisition of a license in Bavaria, southeast Germany, is not complete after the statutory period for legal challenges expires.
Global Energy Signs Colombian Farm-out Deal
Monday, March 10, 2014 Global Energy Development agrees a farm-out deal with Everest Hill Energy Group of a 50-percent of a license it holds located within the Middle Magdalena Basin, Colombia.
Swala Energy to Farm Out 25% Stake in Kenya's Block 12B
Monday, March 10, 2014 Swala Energy inks deal to farm out a 25 percent stake in Block 12B on the Nyanza Rift, Kenya to an international oil and gas company.
Italy's Edison In Talks To Buy Two Israeli Gas Fields
Thursday, March 06, 2014 Edison is in talks to buy 2 Israeli gas fields from Noble Energy and Delek Drilling, which are estimated to hold up to 70Bcm in total, two sources say.
Murphy Oil and OMV to Drill in Namibia
Thursday, March 06, 2014 Independent explorer Murphy Oil and Austria's OMV will search for oil and gas off Namibia's coast, the country's petroleum commissioner says.
Rawson Resources to Acquire 100% Interest in PRL13 in Otway Basin
Thursday, March 06, 2014 Rawson Resources signs agreement with Adelaide Energy to acquire 100 percent interest in Petroleum Retention License 13 in Otway Basin, South Australia.
Independent Oil & Gas Buys Cronx Discovery
Wednesday, March 05, 2014 Independent Oil & Gas buys UK license block 48/22a, which contains the 'Cronx' gas discovery.
BP To Establish US Shale Assets As Separate Unit
Tuesday, March 04, 2014 BP plans to separate its onshore US oil and gas assets into a new wholly-owned business to improve the competitiveness of its shale gas portfolio there.
Ophir Signs Deal to Acquire 75% Stake in WHL Energy's Seychelles Assets
Tuesday, March 04, 2014 Ophir Energy signs agreement to acquire a 75 percent interest in WHL Energy's exploration interests offshore the Seychelles.
EnQuest Completes Greater Kittiwake Acquisition
Monday, March 03, 2014 EnQuest completes the acquisition of several assets in the North Sea's Greater Kittiwake Area, boosting its production by 2,000 barrels per day.
Loyz Acquires 20% Stake in 3 Onshore Blocks in Thailand for $65M
Monday, March 03, 2014 Loyz Energy acquires 20% stake in 3 onshore concessions in Thailand's Phetchabun Basin from Carnarvon Petroleum for $65 million.
OMV Signs Two New Exploration Licences in Pakistan
Friday, February 28, 2014 OMV and its joint venture partner Pakistan Petroleum Limited have signed two new exploration licences in Pakistan, OMV says.
Total To Sell its 10% Stake in Azeri Shah Deniz II Gas Field
Friday, February 28, 2014 Total is in talks to sell its 10% stake in the Shah Deniz II gas field, making it the second energy major to reduce its exposure to a project promoted to help Europe diversify its supplies.
KrisEnergy to Operate Sakti PSC off Java, Exits Block G3/48 off Thailand
Thursday, February 27, 2014 KrisEnergy will be operator of Sakti production sharing contract offshore East Java, Indonesia, but withdraws from taking a 60 percent interest in Block G3/48 in the Gulf of Thailand.
Oil Search Positions for LNG Expansion with $900M PNG Buy
Thursday, February 27, 2014 Oil Search agrees to acquire a stake for $900MM in Papua New Guinea's biggest undeveloped gas fields, giving it the upper hand to influence plans for gas projects in a country eyed by several energy giants.
Pan Orient Energy Updates on Operations in Thailand, Indonesia
Thursday, February 27, 2014 Pan Orient Energy provides an update on operations at its upstream assets in Thailand and Indonesia.
Sources: Malaysia's Petronas to Sell Vietnam Oilfields for $300M
Thursday, February 27, 2014 Petronas wants to sell its stakes in five offshore oilfields in Vietnam for a combined $300 million, two company sources say, as the Malaysian state oil firm streamlines its assets and raises funds for expansion.
Oil Basins Receives Offer to Explore Derby Block in Western Australia
Wednesday, February 26, 2014 Oil Basins gets offer to explore onshore permit 5/07-8 EP in Western Australia from the state's Department of Mines and Petroleum.
Williams Partners To Buy Williams Co's Alberta Assets For $1.2B
Wednesday, February 26, 2014 Williams Partners says it will buy Williams Companies Inc's assets in Alberta, Canada for about $1.2 billion.
Iraq Approves Major Oil Contracts For Eni; Angola Exits
Tuesday, February 25, 2014 Iraq approves major contracts for Eni's giant oilfield project in its south, just hours after it threatened to pull out if red tape was not cut and Sonangol quit projects in the north due to security concerns.
Oil Search Plans Big Acquisition, InterOil PNG Fields Stake Seen Likely
Tuesday, February 25, 2014 Oil Search says it was close to sealing a significant acquisition, sparking speculation it had reached a deal to buy into rival InterOil's gas fields in Papua New Guinea.
Adriatic Oil Gives Up North Sea License
Monday, February 24, 2014 Adriatic Oil relinquishes P1921 license that covers two blocks on the Inner Moray Firth, UK North Sea.
Chesapeake Considers Sale, Spinoff of Oilfield Services
Monday, February 24, 2014 Chesapeake Energy considers a spin off or sale of its oilfield services decision as the company continues to shed non-core assets to enhance liquidity.
Lime Norway Acquires 20% Stake in License PCL509CS in the North Sea
Monday, February 24, 2014 Lime Petroleum Norway, a unit of Malaysian Hibiscus Petroleum's jointly-controlled entity Lime Petroleum, acquires 20 percent stake in PCL509CS in the North Sea.
Nido Ups Participating Interest in Baronang PSC in Natuna Sea to 15%
Monday, February 24, 2014 Nido Petroleum increases its participating interest in the Baronang Production Sharing Contract (PSC) in the Natuna Sea, Indonesia to 15 percent.
Origin to Farm-in to 2 Unconventional Gas Blocks in Cooper-Eromanga Basin
Monday, February 24, 2014 Origin Energy agrees to farm-in to two unconventional gas blocks in the Cooper-Eromanga Basin in South Australia.
Nexus Updates on Plans to Divest its Crux, Longtom Assets in Australia
Friday, February 21, 2014 Nexus Energy updates on the company's plan to divest its Crux and Longtom assets in Australia.
Murphy's Potential Sale of Upstream Assets in Malaysia Attracts Local Firms
Friday, February 21, 2014 Murphy Oil's potential sale of a 30 percent interest in upstream assets in Malaysia draws interest from local petroleum companies.
Noble Energy Plans to Sell China Oilfield Stake
Friday, February 21, 2014 Independent oil firm Noble Energy plans to sell its majority stake in an oilfield it owns with Sinopec off northeast China, according to a source.
WSJ: Noble Energy Plans China Oilfield Stake Sale
Friday, February 21, 2014 Noble Energy hires merger-advisory firm Lazard Ltd to sell its majority stake in an oil field it owns with Sinopec just off northeastern China, the Wall Street Journal reported, citing people familiar with the matter.
Oil Basins Acquires 25% Interest in Permit Vic/P47 offshore Gippsland
Friday, February 21, 2014 Oil Basins acquires 25 percent interest in permit Vic/P47 offshore Gippsland, Australia.
Brightoil Petroleum to Finance Anadarko Blocks Purchase through Cash, Loans
Thursday, February 20, 2014 Brightoil Petroleum plans to finance its acquisition of Andadarko Petroleum Corporation's oil blocks in China's Bohai Bay through cash and loands.
Central Petroleum to Acquire Magellan's Australian Assets for $32M
Wednesday, February 19, 2014 Central Petroleum agrees to acquire Magellan Petroleum's onshore assets in Australia for $31.5 million.
Colombia Prepares Shale Debut With Launch Of 2014 Oil Round
Wednesday, February 19, 2014 Colombia says it will for the first time auction areas potentially containing non-conventional or shale crude in its 2014 oil round in July.
Devon Sells Some Gas Assets As Oil Focus Pays Off
Wednesday, February 19, 2014 Devon says it would sell some liquids-rich natural gas assets in Canada for about $2.8B and posted a better-than-expected profit as it ramps up production of more lucrative oil.
Dana Proceeds with First Offshore Exploration Block in Egypt
Tuesday, February 18, 2014 Dana Gas signs a deal that will see it explore the North El Arish (Block 6) Concession Area, its first block offshore Egypt.
Brightoil Petroleum to Buy Anadarko's China Unit for $1.1B
Tuesday, February 18, 2014 Brightoil Petroleum Holdings agrees to buy Anadarko's China unit for $1.08B in a major push into the upstream segment.
FAR Gets Government Nod to Farm-out Stake to Milio in Kenya Block L6
Monday, February 17, 2014 FAR receives government approval for Milio International to farm in to Block L6 in Kenya's Lamu basin.
MOG and Leni Go to Court over Malta Deals
Monday, February 17, 2014 Mediterranean Oil & Gas and Leni Gas & Oil are to meet in the High Court in London over deals made in the summer of 2012 concerning the Area 4 PSC offshore Malta.
Indian Firm Signs Contracts To Explore For Oil, Gas Off Bangladesh
Monday, February 17, 2014 ONGC Videsh signs two production sharing contracts (PSC) to explore oil and gas in Bangladeshi waters.
Sources: Murphy Oil Eyes Sale of Up to $3B Worth of Asia Assets
Friday, February 14, 2014 Murphy Oil is considering selling of some of its Asian oil and gas assets in a deal that could fetch up to $3 billion, people familiar with the matter say, as it joins other U.S. energy companies in scaling back from the region.
Norway To Offer 61 Blocks In New Licensing Round
Friday, February 14, 2014 Norway plans to offer oil firms a total of 61 blocks for oil and gas exploration in the 23rd licensing round on its continental shelf, the country's oil and energy ministry says.
Occidental Petroleum To Spin Off California Assets
Friday, February 14, 2014 Occidental Petroleum says it will spin off its California assets into a separately traded company, creating the state's largest natural gas producer.
Salamander Resumes Production at Bualuang Oil Field in the Gulf of Thailand
Friday, February 14, 2014 Salamander Energy announces that production has resumed at Bualuang oil field in the Gulf of Thailand.
NGE Agrees to Sell Stake in PPL 269 to Santos
Thursday, February 13, 2014 New Guinea Energy agrees to sell 50% interest in petroleum prospecting license 269 in Papua New Guinea to Santos for around $40 million.
Egypt Signs Oil, Gas Exploration Deals Dana, Edison, Petroceltic
Thursday, February 13, 2014 Egypt signs gas and oil exploration deals with Dana Gas, Petroceltic International and Edison.
Gulf of Mexico Lease Sales 231, 225 to Offer 40 Million Acres
Thursday, February 13, 2014 Bureau of Ocean Energy Management is set to hold two consecutive lease sales in March.
NuEnergy Inks LOI to Farm Out Stake in Rengat PSC in Sumatra
Thursday, February 13, 2014 NuEnergy inks a letter of intent with an Asian investor to farm out 49.9% interest in Rengat production sharing contract in central Sumatra, Indonesia.
Occidental Selling US Gas Assets For $1.4 Billion
Thursday, February 13, 2014 Occidental Petroleum says it reached a deal to sell its interests in a large natural gas field in the central United States for a pre-tax price of $1.4B.
Petroceltic Agrees Sale of Isarene PSC to Algeria's Sonatrach
Thursday, February 13, 2014 Petroceltic International agrees to sell an 18.4% interest in the Isarene production sharing contract onshore Algeria to Sonatrach for up to $180 million.
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