News Topics: Property Acquisitions & Divestitures

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Indonesia Awards North Kalimantan's Offshore East Ambalat PSC to Pertamina
Friday, May 27, 2016 Indonesia awards the production sharing contract for North Kalimantan's offshore East Ambalat block that was relinquished earlier by Chevron to state-owned PT Pertamina.

India Launches Auction for 67 Small Oil, Gas Fields Under a New Bid Scheme
Thursday, May 26, 2016 India launches a new bid round to invite investors to participate in the exploration and production at 67 small oil and gas fields in the country.

PETRONAS Denies Plans to Sell Upstream Assets to Russian Party
Wednesday, May 25, 2016 PETRONAS denies plans to sell upstream oil and gas assets to Russian party.

Thai PTTEP Says Keen To Buy Stake In Myanmar Gas Field From Chevron
Tuesday, May 24, 2016 PTT Exploration and Production Pcl (PTTEP), Thailand's largest oil and gas explorer, says it was keen to buy a stake in Yadana gas field in Myanmar from Chevron Corp.

Europa Oil & Gas Signs PEDL143 Farm-Out Deal with UJO
Monday, May 23, 2016 Europa Oil & Gas (Holdings) plc signs a farm-out agreement in relation to a 7.5% working interest in the PEDL143 license, located in the Weald Basin, with Union Jack Oil and Gas plc (UJO).

Magellan Sells Australia's Mereenie Field Bonus Rights to Macquarie Bank
Friday, May 20, 2016 Magellan Petroleum Corp. sells bonus rights for the Mereenie oil and gas field in Australia's Amadeus Basin to Macquarie Bank for $2.5 million.

Norway Awards 10 New Licences To 13 Firms In Oil Licensing Round
Wednesday, May 18, 2016 Norway awards 10 new licenses to 13 companies in its 23rd oil licensing round for new exploration areas.

Australia's Bounty Raises Oil Stakes in Surat Basin, Exits PL214 JV
Wednesday, May 18, 2016 Bounty Oil & Gas signs deals to increase oil stakes in Australia's Surat Basin, while exiting the PL214 Joint Venture in Queensland.

Russia's Putin Order Opens Way For Entire State Stake Sale In Bashneft
Tuesday, May 17, 2016 Russian President Vladimir Putin excludes mid-sized oil producer Bashneft from the list of strategically important companies, opening the way for the entire state's stake sale.

BP Doubles Culzean Field Stake
Monday, May 16, 2016 BP plc doubles its interest in the Culzean development in the UK Central North Sea to 32%, following its acquisition of an additional 16% interest from JX Nippon.

Russian Tycoon Timchenko Transfers Novatek Stake To Volga Group
Thursday, May 12, 2016 Gennady Timchenko transfers 13.2% of his direct equity stake in Novatek to Volga Group.

Petroceltic Says Worldview To Take Control Of Group
Thursday, May 12, 2016 Petroceltic International Plc says a court examiner has selected its largest shareholder, Worldview Capital Management, to take control of the group.

Kunlun Energy Seeks To Sell Upstream Assets And Buy Tangshan LNG
Thursday, May 12, 2016 Kunlun Energy, a unit of China National Petroleum Corp., plans to sell upstream assets and may buy an LNG terminal from its parent as the company shifts focus to gas distribution, Chairman Huang Weihe says.

India To Launch Auction Of 67 Small Oil, Gas Fields On May 25
Tuesday, May 10, 2016 India will launch an auction of 67 discovered small oil and gas fields on May 25, says the country's upstream regulator Directorate General of Hydrocarbons.

Cluff to Acquire Verus North Sea Licenses
Tuesday, May 10, 2016 Cluff Natural Resources will acquire Verus Petroleum's equity stake in 3 oil and gas licenses located in the Central North Sea and the Moray Firth.

AWE Sells 42.5% in Indonesia's Bulu PSC to HyOil for $20.5M
Thursday, May 05, 2016 AWE inks agreement to sell its 42.5 percent stake in the Bulu Production Sharing Contract offshore East Java, Indonesia to a unit of HyOil for $20.5 million.

Finder Sells Entire Acreage Holding Off WA to Quadrant Energy Australia
Tuesday, May 03, 2016 Finder Exploration sells its entire acreage holding in the Bedout Sub-basin off Western Australia to Quadrant Oil Australia.

Premier Completes E.ON North Sea Asset Acquisition
Friday, April 29, 2016 Premier Oil plc completes the acquisition of UK North Sea assets from E.ON.

ConocoPhillips Tables Asset Sales As Rout Worsens Buyer's Market
Friday, April 29, 2016 ConocoPhillips is pulling some of its assets off the market as a prolonged industry downturn makes it harder to get the desired prices.

Australia's 3D Oil to Farm Out Stakes in T/49P Permit in the Otway Basin
Thursday, April 28, 2016 Australia's 3D Oil provides a quarterly update on its local upstream activities, including a plan to farm out interest in its T/49P permit in the Otway Basin off Tasmania.

Hutton Poland Secures Kolo License
Thursday, April 28, 2016 Hutton Poland Limited is formally awarded the Kolo License in Poland.

Sterling Exits Ambilobe Block, Offshore Madagascar
Thursday, April 28, 2016 Sterling Energy (UK) Limited issues a notice of withdrawal from the Ambilobe block, offshore Madagascar to its joint venture partner Pura Vida Mauritius.

Shareholders Reject Sona Petroleum's Acquisition of WA's Stag Oilfied
Wednesday, April 27, 2016 Sona Petroleum's shareholders vote overwhelmingly against the company's proposed acquisition of Stag Oilfield located off Western Australia for $25 million.

Lansdowne Fails to Farm-Out Celtic Sea Licenses
Tuesday, April 26, 2016 Lansdowne Oil & Gas fails to farm-out the SEL 5/07 and SEL 5/08 licenses in the Celtic Sea offshore the south coast of Ireland, "due to adverse industry conditions".

Norway's Aker Seeks More Investments, Says Billionaire Owner Roekke
Friday, April 22, 2016 Aker expects to conduct more acquisitions and other transactions in coming years, according to the firm's top owner.

Empire, AEGP Still in Talks to Close Deal for NT Petroleum Tenements
Friday, April 22, 2016 Empire Energy and AEGP are still in talks to close deal for the farmout of the former's Northern Territory petroleum tenements in Australia.

Shell Eyes $700M Exit from Gabon
Thursday, April 21, 2016 Royal Dutch Shell is working on selling out of its onshore assets in Gabon, according to two sources familiar with the matter, seeking to refocus its African presence.

WA DMP Approves Pilot Energy's Acquisition of Stake in EP437 Permit
Wednesday, April 20, 2016 Western Australian Department of Mines & Petroleum approves Pilot Energy's acquisition of an interest in the state's EP437 exploration permit.

Oil Firm Sequa Petroleum Calls Off Planned Deals with Total, OMV
Tuesday, April 19, 2016 Sequa Petroleum calls off 2 planned acquisitions of Norwegian offshore field interests, one from France's Total and the other from Austria's OMV, due to tough market conditions.

Independent Oil and Gas Acquires Blythe Discovery
Tuesday, April 19, 2016 Independent Oil and Gas signs a Sale and Purchase Agreement to acquire an additional 50 percent in blocks 48/22b and 48/23a in the Southern North Sea from Alpha Petroleum Resources Limited.

Egypt to Launch New Oil Exploration Round Next Week
Tuesday, April 19, 2016 Egypt plans to launch a new oil exploration round next week, offering 11 blocks in the Western desert and the Gulf of Suez.

Det Norske Acquires Centrica's North Sea Licenses
Monday, April 18, 2016 Det norske oljeselskap enters into an agreement with Centrica Resources to acquire the company's licenses in the Frigg Gamma Delta and Rind discoveries, both of which are located in the North Sea.

Beach Energy Updates on Sale of its Egyptian Subsidiary to Rockhopper
Monday, April 18, 2016 Australia's Beach Energy updates on the sale of its subsidiary Beach Egypt, owner of a 22 percent stake in Egypt's Abu Sennan Concession, to Rockhopper Exploration.

Russian Finmin: Rosneft Stake to be Privatized Worth About $9.9B
Friday, April 15, 2016 Russian Finance Minister Anton Siluanov says in an interview with CNBC the government's current estimate of the value of the 19.5 percent stake in oil producer Rosneft, which it plans to privatize, is around $9.9 billion.

Beach Energy to Withdraw from the JV for BMG Gas Fields Off Gippsland
Friday, April 15, 2016 Beach Energy reveals plans to withdraw from the joint venture for the Basker, Manta and Gummy gas fields offshore Gippsland, Australia.

Ezra, EMAS Offshore to Sell 78.4% Stake in FPSO Lewek Emas
Friday, April 15, 2016 Ezra and its unit EMAS Offshore agree to sell their combined 78.4 percent stakes in FPSO Lewek Emas to a global infrastructure fund.

Mexico Oil Regulator Sweetens Terms For December Deepwater Auction
Friday, April 15, 2016 Mexico's oil regulator voted to improve the terms for its first-ever deepwater auction in December, giving energy companies and investors more flexibility to structure their bids as oil prices have slumped over the past two years.

Indonesia's Pertamina Plans To Develop South China Sea Border Areas
Tuesday, April 12, 2016 Pertamina plans to explore for oil and gas in areas close to Indonesia's maritime border in the South China Sea.

Shell CEO Says May Sell Some North Sea Assets to Improve Portfolio
Tuesday, April 12, 2016 Royal Dutch Shell could sell some of its older, lower grade North Sea assets to improve the quality of its portfolio, according to its CEO Ben van Beurden.

Media: Noble Energy In Talks To Trim Stake In Tamar Gas Field
Monday, April 11, 2016 Texas-based Noble Energy is in talks with Israeli institutions to sell an 11 percent stake in Israel's Tamar natural gas field for at least $1 billion due to cash flow needs, Israeli media reports.

Metgasco Looks at New Business, Completing Sale of Northern Rivers Acreages
Monday, April 11, 2016 Metgasco looks at new business opportunities after almost completing the sale of its Northern Rivers acreages in New South Wales, Australia.

Marathon Oil Signs Deals To Sell $950M Of Assets
Monday, April 11, 2016 Marathon Oil signs agreements to sell non-core assets for $950 million.

Cooper Energy Says Buyers Keen to Acquire Tangai-Sukananti KSO in Sumatra
Friday, April 08, 2016 Cooper Energy says buyers appear keen on acquiring its 55 percent stake in the oil producing Tangai-Sukananti block in South Sumatran Basin, Indonesia.

London-Based Energy Firms Bolster African Portfolios
Thursday, April 07, 2016 London-based energy companies Independent Resources plc and Victoria Oil & Gas plc move to bolster their portfolios in Africa through increased working interests in projects in Tunisia and Cameroon, respectively.

Denmark Issues 16 Oil, Gas Licenses
Wednesday, April 06, 2016 Denmark issues 16 oil and gas exploration licenses in the North Sea, just days after A.P. Moller-Maersk threatens to shut down the country's main gas field.

Carnarvon Gains 100% Stake in Permit WA-521-P in Western Australia's NWS
Wednesday, April 06, 2016 Carnarvon Petroleum secures 100 percent interest in exploration permit WA-521-P, located on Western Australia's North West Shelf.

Solo Concludes Kiliwani North Acquisition
Monday, April 04, 2016 Solo Oil concludes a deal with Aminex plc to acquire a further 3.825% interest in Tanzania's Kiliwani North Development License for a total cash consideration of $2.16 million.

ADNOC Says 'Door Is Still Open' For UAE Oil Concession Talks
Monday, April 04, 2016 The chief executive of the Abu Dhabi National Oil Company (ADNOC) says in remarks published the door was still open for talks on awarding stakes in its 40-year onshore concession to develop the country's biggest oilfields.

Sona Gets More Time to Meet Conditions for Australia's Stag Oilfield Deal
Friday, April 01, 2016 Sona Petroleum gets an extension to satisfy conditions for the proposed acquisition of Stag Oilfield offshore Western Australia.

Rawson Resources Expands into Papua New Guinea, Granted PPL 549
Thursday, March 31, 2016 Rawson Resources expands into Papua New Guinea after being granted petroleum prospecting license (PPL) 549 in the North New Guinea Aitape Basin.

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