Results48 articles shown
Shell Divests Non-Core Oil, Gas Properties in Canada for $1 Billion
Friday, October 21, 2016 Shell will sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada for a total consideration of approximately $1.037B.
Shell Selling 16 Assets Worth More Than $500M
Wednesday, October 19, 2016 Shell is currently offering 16 assets worth more than $500 million for sale as part of its vast $30 billion three-year asset sales program.
SM Energy To Buy Permian Basin Acreage For $1.6 Billion
Tuesday, October 18, 2016 SM Energy says it will buy 35,700 net acres in West Texas's Howard and Martin counties for about $1.6 billion.
Russia's Rosneft, Partners to Invest around $12.9B in India's Essar Oil
Saturday, October 15, 2016 Rosneft CEO Igor Sechin says his company will invest around $12.9 billion in India's Essar Oil.
Bidding Frenzy in Biggest US Oil Field Yields Record Deal
Friday, October 14, 2016 RSP Permian agrees to pay $2.4B in cash and stock for Silver Hill Energy Partners as increasing competition for drilling rights in the biggest US oil field pushes bids to new records.
Freeport To Sell California Energy Assets For Up To $742MM
Friday, October 14, 2016 Freeport-McMoRan says it would sell its onshore California oil and gas assets to Sentinel Peak Resources California for up to $742 million, as part of its strategy to cut debt.
Chevron Confirms Is In Discussions For Potential Bangladesh Sale
Thursday, October 13, 2016 Chevron confirms that the company is in "commercial discussions" regarding its Bangladesh assets.
Madagascar Delays Planned Tenders Of 40 Oil Blocks Until Next Year
Thursday, October 13, 2016 Madagascar will delay launching planned tenders on 40 offshore oil blocks until next year, the government's top official on extractive industries says.
Saudi Aramco Signs Deals To Let Turkish Firms Bid On Future Projects
Tuesday, October 11, 2016 Saudi Aramco signed memoranda of understanding Tuesday with 18 Turkish firms, enabling them to bid for Aramco projects in the years ahead.
Petrobras Says Deep-Water Opening Luring Big Oil to Brazil
Monday, October 10, 2016 International oil companies are reaching out to Brazil after it opened its most promising offshore region to increased competition.
Russia Approves Rosneft's $5.3 Billion Bid for Bashneft Stake
Thursday, October 06, 2016 Igor Sechin won a battle to buy the government's share in a regional oil producer, allowing state-controlled Rosneft PJSC to continue expanding.
India Clears ONGC's Extra 11% Stake Buy in Russia's Vankor Fields
Wednesday, October 05, 2016 India's cabinet approves ONGC Videsh's purchase of an additional interest in Russia's Vankor oilfields from Rosneft for $930 million - raising ONGC's stake in the project to 26%.
Petronas Weighs Sale To Exit $27B Canada LNG Project
Friday, September 30, 2016 Petroliam Nasional Bhd is considering selling its majority stake in a $27 billion Canadian LNG plant, 3 people familiar with the matter said this week.
Petrobangla Invites EOIs for 3 Offshore Exploration Blocks in Bay of Bengal
Friday, September 30, 2016 Petrobangla invites foreign companies to submit expressions of interest (EOI) for oil and gas exploration in three offshore blocks in the Bay of Bengal.
Engie CEO Says Higher Oil Price Aids E&P Asset Sale, In No Rush
Thursday, September 29, 2016 The chief executive of French gas and power group Engie says higher oil prices improved prospects for the sale of its exploration and production assets.
Karoon Buys PEPC's 35% Stake in 4 Santos Basin Blocks in Brazil for $20.5M
Wednesday, September 28, 2016 Karoon Gas Australia acquires Pacific Exploration and Production Corp.'s (PEPC) 35 percent stake in 4 exploration blocks in Brazil's Santos Basin for up to $20.5 million.
Nigeria Mulling Oil Assets Sale That Could Reshape The Industry
Wednesday, September 28, 2016 Nigeria's possible sale of some of its oil and gas assets to raise money and boost the contracting economy in Africa's most populous country could reduce the government's influence over its biggest industry.
Farstad Shipping Sells AHTS Lady Sandra
Tuesday, September 27, 2016 Norway's Farstad Shipping sells anchor handling tug supply (AHTS) vessel Lay Sandra.
Sound Renegotiates Sidi Moktar Acquisition Agreement with PetroMaroc
Friday, September 23, 2016 Sound Energy renegotiates a deal with PetroMaroc Corporation plc for the acquisition of a 50% operated interest in three onshore gas permits located in Morocco.
As Rivals Circle, Japan Boosting Firepower To Buy Global Energy Assets
Friday, September 23, 2016 Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are also looking to snap up depressed oil assets.
Equatorial Guinea Calls on Asia Firms to Participate in EG Ronda 2016
Wednesday, September 21, 2016 Equatorial Guinea's Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima calls on Asia Pacific companies to participate in the country's latest oil and gas licensing round (EG Ronda 2016) at an industry event in Singapore.
Carnarvon Adds WA-524-P Permit on Western Australia's NWS to Portfolio
Tuesday, September 20, 2016 Carnarvon Petroleum adds permit WA-524-P on Western Australia's North West Shelf to its exploration portfolio.
EnQuest, Delek Group End Kraken Oilfield Stake Sale Talks
Thursday, September 15, 2016 Oil producer EnQuest plc ends talks with Israeli conglomerate Delek Group Ltd regarding a potential stake sale in an oilfield in the North Sea.
Gazprom Wants More Than 25% Of OMV North Sea Assets
Thursday, September 15, 2016 Gazprom wants more than 25% of OMV's Norwegian North Sea holding company but is being prevented from taking a larger stake by Norway, the Russian company's deputy told Reuters.
TGS, PGS to Acquire Majority of Dolphin UK Ltd. Multi-Client Library
Wednesday, September 14, 2016 TGS has, together with Petroleum Geo-Services ASA (PGS), agreed principal terms and conditions for jointly acquiring the majority of the multi-client library of Dolphin UK Ltd.
Eni Signs Concession Contract with Montenegro Government
Wednesday, September 14, 2016 Eni signs a concession contract with the Government of Montenegro for the exploration of 4 blocks in the country's offshore.
Total Considering Sale Of Stake In Norway's Martin Linge
Wednesday, September 14, 2016 French oil and gas company Total is considering the sale of some of its 51% stake in the Martin Linge oil and gas field in Norway where it is the operator, Bloomberg reported.
Timing of $2B Anadarko-Freeport Deal Makes GOM Assets a Bargain
Wednesday, September 14, 2016 Morgan Stanley analysts say deepwater Gulf of Mexico assets that Anadarko bought in August could've been priced at a $5 billion valuation if the market had more time to recover.
Parkmead Increases Stake in 'Major' UKCS Oil Project
Wednesday, September 14, 2016 Parkmead, the UK and Netherlands focused independent oil and gas group, has increased its stake in the Perth and Dolphin oil fields in the UK Central North Sea.
Pura Vida Outlines Plans for Development of Loba Oil Field Offshore Gabon
Wednesday, September 14, 2016 Pura Vida outlines plans for the development of the Loba Oil Field in the Nkembe block, offshore Gabon.
China CEFC Acquires Stake In Chad Oil Blocks From Taiwan's CPC
Tuesday, September 13, 2016 Privately run CEFC China Energy agrees to acquire a 35 percent stake in oil blocks in Chad from Taiwan's state-owned Chinese Petroleum Corp for about $110 million, according to CEFC company executives.
Oil Search to Acquire 40% interest in Offshore Papua New Guinea Licenses
Monday, September 12, 2016 Oil Search (PNG) Limited has entered into agreements with Gini Energy Limited, ultimately owned by CNOOC Limited, to acquire a 40% interest in PPL 374 and PPL 375, offshore Papua New Guinea.
MEO Australia: 4 Companies Interested in Beehive Farm-Out Deal
Monday, September 12, 2016 MEO Australia Limited reveals that 4 substantial companies have engaged in a farmout process for the Beehive prospect and are actively reviewing the technical data for WA-488-P.
Total Takes Control Of Barnett Shale Assets From Chesapeake
Friday, September 09, 2016 Total will exercise its right to buy the remaining 75% stake in Barnett shale assets it did not already own from Chesapeake.
UIL Completes Transaction to Acquire Eneabba's Perth Basin Permit Interests
Friday, September 09, 2016 UIL Energy completes an agreement to acquire Eneabba Gas' Perth Basin permit interests in Western Australia.
Statoil Increases NCS Equity Through Tullow Deals
Wednesday, September 07, 2016 Statoil agrees terms with Tullow Norge AS to increase its equity in four licenses on the Norwegian continental shelf (NCS), including the Wisting discovery in the Barents Sea.
Solo Oil Opts Out of Immediate Option to Extend KNDL Equity
Wednesday, September 07, 2016 Solo Oil has informed Aminex plc that it does not intend to exercise its immediate option over a further 1.25% interest in the KNDL.
Ifax: Gazprom Invites China's CNOOC to Take Part in Offshore Oil Exploratio
Tuesday, September 06, 2016 Gazprom invites CNOOC to take part in offshore oil exploration in Russia, according to the Interfax news agency.
CNPC Selling $11B In Financial Assets To Listed Unit In Reform Push
Tuesday, September 06, 2016 China National Petroleum Corp. (CNPC), the country's largest state energy group, will sell $11 billion worth of financial assets to a listed unit as part of the state giant's reform plan to restructure its non-core businesses.
EOG Inks $2.5B Deal In Shift To Low-Cost Permian Shale
Tuesday, September 06, 2016 EOG Resources says it would buy privately held Yates and some of its subsidiaries and other entities in a deal valued at $2.5 billion to boost its assets in the Permian and Powder River basins.
Woodside Buys 50% of BHP Billiton's Scarborough Assets Off WA for $400M
Monday, September 05, 2016 Woodside Petroleum inks agreements to acquire half of BHP Billiton's Scarborough area assets in the Carnarvon Basin, off Western Australia for $400 million.
Armour Completes Transfer of Tenements for Kincora Project in Surat Basin
Friday, September 02, 2016 Armour Energy completes the transfer of tenements for the Kincora Project in Surat Basin, Queensland, Australia.
Shell's US Deal To Unlock Global Oil Asset Disposals
Wednesday, August 31, 2016 Shell's first oil field sale after its $54 billion BG Group acquisition bodes well for its disposal talks in the North Sea, Gabon and New Zealand, according to sources.
Oil Companies May Spend $8B to Start Output in Uganda
Tuesday, August 30, 2016 Uganda expects three oil companies to invest $8 billion in the East African nation before they start producing crude in 2020, Energy Minister Irene Muloni says.
Shell To Sell Certain Gulf Of Mexico Assets To EnVen Energy
Monday, August 29, 2016 Shell agreed to sell certain assets in the Gulf of Mexico to EnVen Energy for $425 million, plus royalty interests.
Thailand To Open Bids For Energy Concessions In March 2017
Thursday, August 25, 2016 Thailand's military government plans to open bids in March 2017 for expiring oil and gas contracts held by Chevron Corp and PTT Exploration and Production.
Cooper Energy Seeks New Buyer for Tangai-Sukananti KSO in Sumatra
Wednesday, August 24, 2016 Cooper Energy seeks buyer for its stake in the Tangai-Sukananti KSO in South Sumatra, Indonesia after the ACL-Lamara joint venture terminated the purchase transaction.
Obama's Final GOM Western Area Lease Sale in Louisiana Nets $18 Million
Wednesday, August 24, 2016 Against a backdrop of historic flood damage, the first federal offshore oil and gas lease sale broadcasted on the internet delivers two dozen offers.
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