News Topics: Property Acquisitions & Divestitures
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Exillon Gets West Siberia Field Extension
Friday, December 06, 2013 Exillon Energy says it has been granted an extension to its EWS I field in West Siberia.
Paper: Russia's Lukoil in Talks with Oil Majors on Venezuela Stake
Friday, December 06, 2013 Russia's No. 2 oil producer, Lukoil, has been in talks with international majors about selling its stake in a consortium developing a large oil project in Venezuela, Kommersant daily reports, citing sources.
Total Buys Stake In Papua New Guinea Bloc
Friday, December 06, 2013 Total agrees to buy a 61.3-percent stake in InterOil's Papua New Guinea gas fields for up to $3.6 billion.
Ketu Petroleum to Acquire 20% Stake in PPL 259 in PNG from Eaglewood Energy
Thursday, December 05, 2013 Eaglewood Energy inks deal to farm out 20 percent interest in Petroleum Prospecting License 259 in Western Province, Papua New Guinea to Ketu Petroleum.
Statoil, Woodside Among Winners in New Zealand 2013 Exploration Block Offer
Thursday, December 05, 2013 New Zealand awards 10 new onshore and offshore petroleum exploration permits as part of Block Offer 2013, with Statoil and Woodside among the successful bidders.
Tanzania Assures Ophir Energy of Smooth Asset Sale
Thursday, December 05, 2013 Ophir Energy gets assurance from the Tanzanian government that its proposed $1.3 billion sale of natural gas assets will proceed smoothly.
Providence Offered Celtic Sea Licensing Option
Thursday, December 05, 2013 Providence Resources is offered a new licensing option in the South Celtic Sea Basin, offshore Ireland.
New Western Acquires Additional Acreage in Oklahoma
Wednesday, December 04, 2013 New Western Energy completes the acquisition of an Oil & Gas lease onsisting of 80 acres adjacent to its Winchester & Thomas leases in Rogers County.
Sterling Gets Govt Consent for Madagascar Farm-out
Wednesday, December 04, 2013 Sterling Energy gets government consent to farm out 50 percent of the Ambilobe Block, offshore Madagascar.
Exec: GAIL India in Talks to Buy Stake in Tanzania Assets of Ophir
Tuesday, December 03, 2013 GAIL India is in talks to buy a stake in the Tanzanian assets of British oil explorer Ophir Energy, the Indian company's marketing head says.
BOEM Proposes Eastern Gulf of Mexico Oil, Gas Lease Sale
Tuesday, December 03, 2013 BOEM will hold a Gulf of Mexico Eastern Planning Area oil and gas lease sale in March.
NZEC Gains 100% Stake in East Coast Permit in Raukumara Region in NZ
Monday, December 02, 2013 New Zealand Energy Corp. reports that it has been awarded 100 percent interest in East Cape Permit in the Raukumara region in New Zealand's East Coast Basin.
Pertamina Completes Agreement to Acquire 10% Stake in West Qurna I
Monday, December 02, 2013 Pertamina completes an agreement with ExxonMobil to acquire a 10 percent stake in West Qurna I block in Iraq.
PTTEP, Pertamina to Jointly Acquire Hess' Indonesian Assets for $1.3B
Monday, December 02, 2013 Subsidiaries of PTTEP and Pertamina sign share purchase agreements to jointly acquire Hess' upstream assets in Indonesia for $1.3 billion.
UK Awards Record Number of Offshore Oil and Gas Licenses
Friday, November 29, 2013 Britain awards a record number of offshore oil and gas licenses in its latest round of tenders as the country scrambles to attract new exploration before existing infrastructure is decommissioned.
Dragon Oil Successful in Bid for Exploration Block 19 in Gulf of Suez
Friday, November 29, 2013 Dragon Oil receives notification that its bid for offshore exploration Block 19 in the Gulf of Suez, Egypt has been accepted.
Exxon to Sign Over Part of Iraq Oilfield Stake to Petrochina
Thursday, November 28, 2013 ExxonMobil will hand over a 25 percent stake in Iraq's West Qurna-1 oilfield project to PetroChina, Iraq's deputy prime minister for energy says.
Indonesia Gives Chevron Oil Contract in Sumatra to Pertamina
Thursday, November 28, 2013 Indonesia's energy ministry will not renew Chevron Corp's oil contract at a small oilfield in Sumatra and will hand over management to state-owned oil firm Pertamina, industry officials say.
Otto Energy Executes LOI to Assume BHP Billiton's Interest in SC55
Thursday, November 28, 2013 Otto Energy executes a letter of intent with BHP Billiton Petroleum (Philippines) Corporation to assume the latter's interest in Service Contract 55 offshore the Philippines.
PTTEP Keen to Add Hess' Southeast Asian Assets to Portfolio
Thursday, November 28, 2013 Thailand's PTTEP is interested in acquiring mature upstream Southeast Asia assets offered by independent oil and gas company Hess Corp.
Spain's Repsol Says Board Backs Preliminary YPF Deal
Thursday, November 28, 2013 The board of Spain's Repsol unanimously agrees to start formal talks with Argentina over a compensation offer for assets Buenos Aires seized last year that could end an 18-month standoff between the two countries.
Nido Sells Non-Core Assets in the Philippines to Colossal Petroleum
Tuesday, November 26, 2013 Nido Petroleum sells its non-core assets in the Philippines to a Philippine-incorporated resources focused company Colossal Petroleum Corporation.
Jacobs Engineering Acquires MARMAC Assets
Tuesday, November 26, 2013 Jacobs Engineering Group Inc. announced Tuesday that it has acquired assets of MARMAC Field Services, Inc. (MARMAC) headquartered in Costa Mesa, Calif.
Jones Energy Adds Anadarko Basin Assets
Monday, November 25, 2013 Jones Energy says it has entered a definitive agreement with a privately-held company to acquire producing and undeveloped oil and gas assets in the Anadarko Basin.
AWE Completes Sale of 50% Stake In West Natuna PSC to Santos
Monday, November 25, 2013 AWE reports that the sale of a 50 percent interest in the Northwest Natuna Production Sharing Contract off Indonesia to Santos has been completed.
Aker Solutions Sells Subsidiary In $654M Deal
Friday, November 22, 2013 Aker Solutions will sell its well intervention business to Swedish private equity firm EQT, shifting its focus to deepwater operations.
JOGMEC Provides Equity Financing for Japex to Acquire Stake in Kerapu Block
Thursday, November 21, 2013 JOGMEC provides equity financing to Japex's unit Japex West Natuna to acquire a 30 percent interest in the Kerapu Block offshore Indonesia.
Rex's Unit Gets Approval to Acquire Stakes in 2 Offshore Blocks in Norway
Thursday, November 21, 2013 Rex International's unit in Norway receives approval from the Norwegian government to acquire a 10 percent stake each in two offshore blocks in Norway from North Energy.
Devon To Buy GeoSouthern Eagle Ford Assets For $6 Billion
Wednesday, November 20, 2013 Devon Energy strikes a deal to buy privately held GeoSouthern Energy's assets in the Eagle Ford shale region of south Texas for $6 billion in cash.
Cooper Energy Adds Acreage, Spreads Exposure in Otway Basin
Tuesday, November 19, 2013 Cooper Energy inks agreements with Beach Energy to exchange equity in acreages, giving the company a greater spread of exposure in the Penola Trough of Australia's Otway Basin.
Brazil's OGX Considers Legal Steps After Petronas Rescinds $850M Deal
Tuesday, November 19, 2013 OGX, the Brazilian oil producer that filed for bankruptcy protection, is reviewing legal options after Petronas canceled its agreed purchase of a stake in two OGX oil blocks.
Oil Basins to Acquire Shelf Oil, Ups Stake in Vic/P47 in Gippsland Basin
Tuesday, November 19, 2013 Oil Basins increases its stake in Vic/P41 in the Gippsland Basin, Australia by agreeing to acquire Shelf Oil, which has a 17.5 percent interest in the permit.
Antrim Energy Considering Selling Stake in Causeway Field
Friday, November 15, 2013 Antrim Energy says it is considering selling its stake in the Causeway field in the North Sea amid restrictions on its cash balances and existing loan terms.
Fastnet Edges Closer to Foum Assaka Farm-out
Thursday, November 14, 2013 Fastnet Oil & Gas says it has selected a preferred bidder for a forthcoming farm-out of its interest in the Foum Assaka license area, offshore Morocco.
Faroe Buys 50% Stake in Lowlander Ahead of Development
Thursday, November 14, 2013 Faroe Petroleum announces acquisition that means it now owns a 100-percent interest of the Lowlander oil discovery in the North Sea, which it plans to develop.
Buffett's Berkshire Buys Big ExxonMobil Stake
Thursday, November 14, 2013 Warren Buffett's Berkshire Hathaway discloses a new $3.45 billion stake in ExxonMobil, after buying 40.1 million shares in the world's largest publicly traded oil company.
Petrobras Sells Peru Unit to PetroChina/CNPC for $2.6B
Wednesday, November 13, 2013 Petrobras strikes a deal to sell its Peruvian oil and gas assets to PetroChina and its parent CNPC for $2.6 billion.
NZEC Receives Nod to Extend Alton Permit in PEP 51151 in Taranaki Basin
Tuesday, November 12, 2013 New Zealand Energy Corp. gets approval to extend the Alton Permit in Petroleum Exploration Permit 51151 in the Taranaki Basin, New Zealand for a second five-year term.
Talisman Sells 75% of its Montney Acreage in British Columbia to Progress
Friday, November 08, 2013 Canada's Talisman Energy sells 75 percent of its Montney acreage in northeast British Columbia to Progress Energy Canada.
BHP Billiton Opts Out of Drilling Cinco-1 Prospect, Withdraws from SC55
Thursday, November 07, 2013 Otto Energy reports that BHP Billiton Petroleum (Philippines) Corporation has opted not to participate in drilling the Cinco-1 prospect and to withdraw from Service Contract 55 offshore the Philippines.
OMV to Hit 320,000 BPD in 2014 after Recent Acquisitions
Thursday, November 07, 2013 Third quarter results from Austria's OMV state that it will produce between 320,000 and 340,000 barrels per day next year after North Sea acquisitions from Statoil.
Penn West Looks To Sell Up To $2B Of Assets Before 2015
Wednesday, November 06, 2013 Penn West Petroleum aims to sell up to $2 billion of assets before 2015 as part of a plan to focus on projects centered on the Cardium field in Alberta.
Total, Anadarko, CNR To Spend Up To $300M On Ivory Coast Blocks
Wednesday, November 06, 2013 Total with partners Anadarko and CNR will spend up to $300 million to drill exploration wells on three offshore blocks in Ivory Coast in 2014, the head of Total's local unit says.
Eni Signs Texan Oil Shale Deal
Tuesday, November 05, 2013 Italy's Eni signs deal with Quicksilver Resources to explore and develop shale oil reservoirs in west Texas.
Apache to Farm-in to Buru-Mitsubishi JV's Canning Basin Exploration Permits
Tuesday, November 05, 2013 Buru Energy reveals that Apache Energy will farm-in to several exploration permits in the Canning Basin, Western Australia now held by its joint venture with Mitsubishi Corporation.
South Korea Reviews Overseas Energy Asset Holdings
Tuesday, November 05, 2013 South Korea's state-owned energy companies have embarked on a review of their holdings of foreign oil and gas assets in a bid to improve their current financial situations.
Minister: Ukraine Signs $10B Shale Deal With Chevron
Tuesday, November 05, 2013 Ukraine signs a $10 billion shale gas production sharing agreement with Chevron, another step in a drive for more energy independence from Russia.
Anadarko Eyes $1B Sale of China Oil and Gas Project Stakes -Sources
Monday, November 04, 2013 Anadarko Petroleum Corp is considering the sale of its holdings in oil and gas projects in China in a deal that could be valued at about $1 billion, sources familiar with the matter said, as it eyes plouging money back into the U.S. market.
SOCO Buys into Offshore Congo Permit
Monday, November 04, 2013 SOCO International agrees to buy a 60-percent stake in, and operatorship of, the Mer Profonde Sud permit offshore Congo.
Statoil Farms Down Five Licenses in Faroe Islands
Monday, November 04, 2013 Statoil signs an agreement to farm down in five exploration licenses in the Faroe Islands and two in Norway to OMV.
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